This May Be Our Last Chance to Achieve the 1.5°C Target for Global Warming
So many companies across the planet are sincerely working hard to achieve net zero. And although they are capturing their utility data and measuring their carbon footprints, what's missing for some is a true plan and accountability.
You Don't Know What You Don't Know
Companies are learning every day about the impacts they have on the planet. In addition to global headlines, companies are reviewing internal dashboards and attending meetings to understand the data. What does it all mean? What do they know? What don't they know.
In the midst of it all is a need to plan and a be accountable to meeting self-imposed targets. The problem is that not all climate pledges are created equal, and not everyone is being held to the standards they are claiming to target.
The Science Based Target Initiative, a partnership between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), has the free online tool that can help companies know what they need to know.
The simple 5-step process starts with a company's commitment to become net-zero.
The tool assists with the development of the plan so the company has the best opportunity for it to be validated by the organization so it can be publicly announced and executed! Follow-up disclosures enable accountability and the way forward for companies to really make a difference
In Good Company
Since it was founded in 2015, Science Based Targets, more than 2,000 businesses and financial institutions have set a target and made the commitment to reduce their emissions in line with climate science. Some of these include:
The Home Depot
American Express Global Business Travel
New York State Metropolitan Transportation Authority
Procter & Gamble Company
The Children's Place, Inc.
to name a few.
The whole list can be downloaded from the Science Based Targets website.