Adopt a science-based GHG emissions reduction target
CDP, UN Global Compact, World Resources Institute (WRI), World Wide Fund for Nature (WWF)
1.By the end of 2018, at least 250 leading companies will have committed to adopt science-based GHG emission reduction targets and more than 100 companies will have approved science-based targets. (draft target)
2.Science-based target setting will be embedded in key mechanisms and platforms that lead to the widespread and sustained adoption of GHG emission reduction targets in line with science as a standard business practice in priority regions and sectors.
3.In support of the Paris Agreement, science based targets from leading companies demonstrate to policy-makers the scale of emission reductions that are achievable to positively influence international climate negotiations and domestic climate policy.
Roadmap and work plan
Yes, a Roadmap does exist.
We had a goal of 100 companies for COP21. By COP21 we announced 118 companies committed to set a SBT with 7 already having a validated SBT. After COP21 there are approximately 2 companies joining/week.
The initiative is working to develop methods for the sectors not currently or insufficiently covered by the Sectoral Decabonization Approach and aims to have these completed within approximately the next year (2017). We are also refining our eligibility criteria and recommendations to provide companies with as much information as possible to assist them in developing their targets.
Impact indicators are in the making.
Heidi Huusko, United Nations Global Compact, 685 3rd Ave 12th Floor, New York, NY 10017
+1 646 884 7513