This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
natural gas, diesel, gasoline, coal), energy consumption data (electricity, steam, cooling), materials used in the manufacturing process (e.g., Align with Sustainability Goals and Industry Standards Many companies are aligning their carbon reduction efforts with global initiatives like the ParisAgreement and science-based targets (SBTi).
The company has previously come under pressure from shareholders to improve its performance on ParisAgreement alignment. US shareholder action. Reducing Scope 3 emissions, which account for the vast majority of those produced by energy firms, is essential to limiting global heating, the resolution states.
However, these emissions are not effectively included in current Science Based Targets because they fall outside the boundaries of the GreenhouseGasProtocol for Scope 3 emissions. In fact, the UN Environment Programme reported that the buildings and construction sector account for 37% of emissions globally.
The threat posed by climate change is motivating efforts around the world to improve corporate sustainability, reduce greenhousegas (GHG) emissions and limit global temperature rise to 1.5°C C under the ParisAgreement. According to The Conference Board, 71% of S&P 500 companies publicly report GHG emissions.[1]
At the same time, carbon offsetting has come in for criticism for being a substitute for real climate action, distracting from the challenge of cutting emissions from business and industrial processes in line with the targets set out in the ParisAgreement to limit global warming. .
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 ParisAgreement. In the ParisAgreement, world governments committed to curbing global temperature rise to 2°C above pre-industrial levels.
But with the world still off-track to achieve the ParisAgreement, should governments intervene? Corporate support for science-based emissions targets has grown exponentially in recent years, with more than 1,200 businesses now having verified their targets voluntarily. From disclosure to transformation.
Greenhouse gases can be removed through natural processes, like growing trees, or potentially through new technologies, like “direct air capture” or underground carbon sequestration. The idea of net zero gained attention at the 2015 ParisAgreement on climate, with the goal for global emissions to reach net zero by 2050.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content