COP26 focused the attention of governments and businesses on a key target: limiting global temperature rise to 1.5C by halving global emissions by 2030. The Glasgow Climate Pact made clear that the days of coal and fossil fuels are numbered, that carbon markets are here to stay, and that deforestation must come to an end. And as we head into 2022, climate change must be a top priority for companies around the world.
Setting Science-Based Targets to Combat Climate Change
Six actions companies should prioritize.
February 02, 2022
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Summary.
Companies are under pressure from investors, policymakers, customers, and suppliers to take rapid, far-reaching action to deliver on climate goals. Here are six actions companies can take to prevent those critical fractions of a degree of temperature rise: 1) Go all in on actions that will get your company to net-zero emissions; 2) Take action across the value chain, providing training, advice, and support to your suppliers and other collaborators; 3) Ensure your finance and sustainability teams are collaborating; 4) Move towards renewable sources of energy, particularly in transportation; 5) Invest in nature; and 6) Ensure all your lobbying efforts support climate action.