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DESCRIPTION: When the Science Based Targets initiative (SBTi) was launched in 2015, the goal was to recruit 100 companies. Now, almost 2,900 are on track to reach the targets set by SBTi for how much and how quickly they need to reduce their greenhousegas (GHG) emissions to prevent the worst effects of climate change.
Last fiscal year, Cisco set a goal to reach netzero across its value chain by 2040. In 2015, the UN established 17 Sustainable Development Goals (SDGs). We help find and create solutions that will help all our customers on their journey to netzero, which in turn benefits society at large.
Reduction targets are “science-based” if they align with levels the scientific community deems necessary to meet the 1.5 - 2 °C temperature reduction target set by the 2015 Paris Agreement. More than 2,000 businesses and financial institutions are working with the SBTi to reach net-zero emissions, and that number is increasing rapidly.
The technology market tends to get reasonably good press as regards greenhousegas (GHG) emissions. We’ve already heard from the likes of Bosch, Dell, Google and Meta/Facebook about their ‘netzero by 2030’ targets and plans for getting there. in 2014 rising to 6.66 Scope 3 reporting.
If you’re a company interested in climate change, zero might be the most important number. Netzero” is the lens many businesses are using to address their climate impacts. As of October 2022, more than 8,000 companies globally have made commitments to netzero under the United Nations’ Race to Zero Campaign.
It follows an extensive request for information during which 70% of investors called for TCFD-based disclosure , including its recommendation to use GreenhouseGasProtocol standards for disclosing corporate GHG emissions. Myth 1: Climate change isn’t a financial risk . Myth 1: Climate change isn’t a financial risk .
Developing Tools and Practices for Business Climate Action Heather Schrock, Director of Environmental Partnerships at the Bonneville Environmental Foundation , provided a look at the greenhousegasprotocols framework. And we understand that since sustainability costs money, we need to put money toward these efforts.”
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