Companies committed
See CompaniesSBTi – Commit to reduce greenhouse gas emissions
Leading businesses recognise the opportunity – and the imperative – to be part of the zero-carbon transition. Their future growth and competitiveness depends on it.
By setting bold, ‘science-based’ emissions reduction targets, companies can future-proof growth by ensuring their plans for carbon reduction meet the level of ambition needed to limit the increase in global average temperature in line with the goals of the Paris Agreement.
Science-based targets enable companies to play their part in achieving these goals while harnessing climate action as a driver of innovation, competitiveness, risk management and growth.
When setting science-based targets, companies are expected to set targets for all relevant sources of emissions, including long-lived and short-lived climate pollutants.
Companies can develop targets via the Science Based Targets initiative (SBTi). The SBTi is a collaboration between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI) and the World Wildlife Fund for Nature (WWF).
How companies can engage in this initiative:
Companies wishing to make this commitment are asked to follow the steps outlined below:
- Submit a commitment letter, indicating that your company will work to set a science-based target.
- Develop a target: Once your company signs the commitment letter you will have up to 24 months to develop a target that aligns with the SBTi criteria for science-based targets. The initiative supports companies by providing methods and resources for target setting, as well as a sectoral decarbonization tool (SDT).
- Submit your target for validation: Once your target has been developed, you can fill out and submit the target submission form for assessment against the criteria.
- Announce the target: On confirmation that the SBTi criteria are met, your target will be showcased on the SBTi website, the We Mean Business coalition website and across a number of partner platforms.
Companies are urged to set the ambition of their science-based target at the highest level through the Business Ambition for 1.5°C campaign, led by the SBTi, in partnership with UNGC and the We Mean Business coalition. This urgent call to action demonstrates climate leadership with a commitment to ensure a company’s science-based target is aligned with limiting global temperature rise to 1.5°C above pre-industrial levels. This requires halving greenhouse gas emissions by 2030 and hitting net-zero emissions by 2050.
In order to match climate ambition with robust, actionable strategies to accelerate the systems transformation we need, companies are also urged to collaborate with WBCSD’s SOS 1.5 project. SOS 1.5 aims to support companies around the world and from all sectors to stay within the 1.5°C safe operating space.
Net-Zero 2050
The Net-Zero 2050 Team is a leadership group of CEOs and their companies, who are working together to accelerate the just transition to net-zero greenhouse gas emissions by 2050. They each have committed to set a science-based target, and further pledge to phase out all greenhouse gas emissions by January 1, 2050. They also pledge to use their influence to advocate for policies that support an economy-wide transition to net-zero greenhouse gas emissions by 2050.
The Net-Zero 2050 pledge is formally recognised as part of the We Mean Business coalition’s Take Action campaign and is a collaboration with the Science Based Targets initiative.
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The Business Case
1. Increasing innovation
The transition to a zero-carbon economy will catalyze the development of new technologies and operational practices. The companies that set ambitious targets now will lead innovation and transformation tomorrow. In a recent survey, 63% of company executives said that their science-based target helped to drive innovation.
“By having ambitious targets – and our GHG reduction target approved through the SBTi – we have cemented ourselves as a strong player in the renewable energy market. We’ve been able to turn climate risk into a business opportunity.”
– Filip Engel, Senior Director of Group Sustainability, Public Affairs and Branding at Ørsted.
2. Reduce regulatory uncertainty
Taking ambitious action now helps companies stay ahead of future policies and regulations to limit GHG emissions. Companies that are seen as leaders are better able to influence policy makers and help shape developing legislation. In a recent survey, 35% of company executives said they have increased regulatory resilience thanks to science-based targets.
“Setting science-based targets helps ensure our business is resilient, ready for climate change and prepared to adapt to the changing regulatory and business environment.”
– Nate Hurst, Chief Sustainability and Social Impact Officier, HP Inc.
3. Strengthen investor confidence and credibility
Companies taking a leadership position on climate bolster their credibility and reputation among stakeholders, including investors, customers, employees, policymakers and environmental groups. In a recent survey, 52% of executives have seen investor confidence boosted by their science-based target.
“This is about how we want to be seen as a company, about what it means to be a responsible corporate citizen; it is also what our customers expect from us. By setting science-based targets we are ensuring our own sustainability, as well as supporting the needs of businesses in the future. Our customers need to know we have their back and can help them reduce energy use in the long term.”
– John Pflueger, Dell’s Principal Environmental Strategist
4. Improve profitability and competitiveness
Setting ambitious targets now ensures a lean, efficient, and durable company in a future where resources become increasingly more expensive – particularly resources derived from fossil fuels. Rising prices of raw materials can mean the difference between profit and loss. In a recent survey, 55% of company executives said they have gained a competitive advantage from their science-based target.
“Having a science-based target helps keep us on track. It means we know what we need to do in the short and medium term to meet the longer-term vision. By being part of the global initiative we know we are part of a bigger movement.”
– Keiko Shiga from Sony’s Quality & Environmental Department
Commmitted Companies
Click on the company name to see everything they are committed to.
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A. P. Moller – Maersk A/S
A. P. Moller – Maersk A/S
has committed to
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Accenture
Accenture
has committed to
- Acuity Brands
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Advantech Co, Ltd.
Advantech Co, Ltd.
has committed to
- AECOM
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AFRY
AFRY
has committed to
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AKT II Limited
AKT II Limited
has committed to
- Alperia SpA
- Ambev S.A
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America Movil
America Movil
has committed to
- ASOS
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Austrian Post
Austrian Post
has committed to
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BHC Ltd
BHC Ltd
has committed to
- Boom Supersonic
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Bourne Group
Bourne Group
has committed to
- bpost
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Brandix Apparel Solutions Limited
Brandix Apparel Solutions Limited
has committed to
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British Land Company
British Land Company
has committed to
- Brown Thomas Arnotts
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Buro Happold
Buro Happold
has committed to
- Cadence Design Systems, Inc.
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Canary Wharf Group Plc
Canary Wharf Group Plc
has committed to
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Careys Group
Careys Group
has committed to
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Carlsberg Breweries A/S
Carlsberg Breweries A/S
has committed to
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Chopard Holding SA
Chopard Holding SA
has committed to
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Chunghwa Telecom Co Ltd
Chunghwa Telecom Co Ltd
has committed to
- ClimatePartner GmbH
- CMS Cameron McKenna Nabarro Olswang
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Cognizant Technology Solutions Corp.
Cognizant Technology Solutions Corp.
has committed to
- Croatian Post Inc.
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Croda International
Croda International
has committed to
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Crown Holdings
Crown Holdings
has committed to
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Cundall
Cundall
has committed to
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Daiichi Sankyo Co., Ltd.
Daiichi Sankyo Co., Ltd.
has committed to
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Dexus Property Group
Dexus Property Group
has committed to
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E Ink Holdings Inc.
E Ink Holdings Inc.
has committed to
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EDF
EDF
has committed to
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Eiffage
Eiffage
has committed to
- Environmental Resources Management (ERM)
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Estee Lauder Companies Inc.
Estee Lauder Companies Inc.
has committed to
- EV Private Equity
- Flooglebinder
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Formula E
Formula E
has committed to
- Fortescue Metals Group
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Fubon Financial Holdings
Fubon Financial Holdings
has committed to
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Garfunkelux Holdco 2 (trading as Lowell)
Garfunkelux Holdco 2 (trading as Lowell)
has committed to
- Geotab
- Glovo
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Goodman CE
Goodman CE
has committed to
- Greenalia S.A.
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Grimshaw Architects
Grimshaw Architects
has committed to
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GripGrab ApS
GripGrab ApS
has committed to
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Grosvenor Britain & Ireland
Grosvenor Britain & Ireland
has committed to
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Ground Control Ltd
Ground Control Ltd
has committed to
- Haleon plc
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Hamamatsu Photonics K.K.
Hamamatsu Photonics K.K.
has committed to
- Hardscape Group Limited
- HCL Technologies
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Heathrow Airport Holdings Limited
Heathrow Airport Holdings Limited
has committed to
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Hewlett Packard Enterprise Company
Hewlett Packard Enterprise Company
has committed to
- HH Global
- House of Baukjen
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Iberdrola SA
Iberdrola SA
has committed to
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Iberostar Group
Iberostar Group
has committed to
- IMI plc
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INDRA A
INDRA A
has committed to
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Ingka Group (IKEA)
Ingka Group (IKEA)
has committed to
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Interplex Precision Technology (S) Pte Ltd
Interplex Precision Technology (S) Pte Ltd
has committed to
- Intertape Polymer Group
- ITV
- IVECO Group N.V.
- Jacobs
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JK Lakshmi Cement Limited
JK Lakshmi Cement Limited
has committed to
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JLL
JLL
has committed to
- Jungheinrich AG
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Kakao
Kakao
has committed to
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Kellogg Company
Kellogg Company
has committed to
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Kingspan Group PLC
Kingspan Group PLC
has committed to
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Knowit AB
Knowit AB
has committed to
- Landsec
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LG Electronics
LG Electronics
has committed to
- LifeStraw (Vestergaard Frandsen Inc)
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Lime
Lime
has committed to
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London Stock Exchange
London Stock Exchange
has committed to
- MAHINDRA LOGISTICS LIMITED
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MANE
MANE
has committed to
- Material Bank
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McKinsey & Company
McKinsey & Company
has committed to
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Meridian Energy
Meridian Energy
has committed to
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Meta
Meta
has committed to
- Meyers A/S
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Mitie Group
Mitie Group
has committed to
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NatWest Group plc
NatWest Group plc
has committed to
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NEC Corporation
NEC Corporation
has committed to
- Nexii Building Solutions Inc.
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Novartis
Novartis
has committed to
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O’Halloran&O’Brien
O’Halloran&O’Brien
has committed to
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O’right
O’right
has committed to
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Octopus Energy Group Limited
Octopus Energy Group Limited
has committed to
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Orsted
Orsted
has committed to
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Paf
Paf
has committed to
- Palo Alto Networks
- Pangaea Laboratories Limited
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Pearson
Pearson
has committed to
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PepsiCo, Inc.
PepsiCo, Inc.
has committed to
- PlanA.Earth GmbH
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PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
has committed to
- Prologis
- QUALCOMM Inc.
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Ramboll AS
Ramboll AS
has committed to
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Robert Bird Group
Robert Bird Group
has committed to
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Royal Philips
Royal Philips
has committed to
- Rubicon
- S4 Capital PLC
- Sabey Data Centers
- salesforce.com
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Samsung Biologics Co., Ltd.
Samsung Biologics Co., Ltd.
has committed to
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SAP SE
SAP SE
has committed to
- Scania
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Schneider Electric
Schneider Electric
has committed to
- SEGRO
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Severfield
Severfield
has committed to
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SGS SA
SGS SA
has committed to
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Shinhan Financial Group
Shinhan Financial Group
has committed to
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Siemens Gamesa Renewable Energy SA
Siemens Gamesa Renewable Energy SA
has committed to
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Signify
Signify
has committed to
- Silentnight Group
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Skanska AB
Skanska AB
has committed to
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SKF
SKF
has committed to
- Snap Inc.
- Springer Nature
- SproutWorld
- STV Group
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Sumitomo Rubber Industries, Ltd.
Sumitomo Rubber Industries, Ltd.
has committed to
- Sunrun
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Swiss Post
Swiss Post
has committed to
- Syneos Health
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T Mobile USA inc
T Mobile USA inc
has committed to
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TDK Corporation
TDK Corporation
has committed to
- Tech Mahindra
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Telefonica
Telefonica
has committed to
- Teleperformance
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Trane Technologies
Trane Technologies
has committed to
- Uber Technologies Inc
- Urenco
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ViaCon
ViaCon
has committed to
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Virgin Media O2
Virgin Media O2
has committed to
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Virtusa Corporation
Virtusa Corporation
has committed to
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Visa
Visa
has committed to
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VolkerWessels UK
VolkerWessels UK
has committed to
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Volvo Car Group
Volvo Car Group
has committed to
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William Hare Ltd
William Hare Ltd
has committed to
- WSP
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Xero
Xero
has committed to
- Zenergi
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A. P. Moller – Maersk A/S
A. P. Moller – Maersk A/S
has committed to
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Accenture
Accenture
has committed to
- AECOM
- Alperia SpA
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Austrian Post
Austrian Post
has committed to
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Brandix Apparel Solutions Limited
Brandix Apparel Solutions Limited
has committed to
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Buro Happold
Buro Happold
has committed to
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Careys Group
Careys Group
has committed to
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Chunghwa Telecom Co Ltd
Chunghwa Telecom Co Ltd
has committed to
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Cognizant Technology Solutions Corp.
Cognizant Technology Solutions Corp.
has committed to
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E Ink Holdings Inc.
E Ink Holdings Inc.
has committed to
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Eiffage
Eiffage
has committed to
- Environmental Resources Management (ERM)
- EV Private Equity
- Fortescue Metals Group
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Fubon Financial Holdings
Fubon Financial Holdings
has committed to
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Goodman CE
Goodman CE
has committed to
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GripGrab ApS
GripGrab ApS
has committed to
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Grosvenor Britain & Ireland
Grosvenor Britain & Ireland
has committed to
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Ground Control Ltd
Ground Control Ltd
has committed to
- Haleon plc
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Heathrow Airport Holdings Limited
Heathrow Airport Holdings Limited
has committed to
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Hewlett Packard Enterprise Company
Hewlett Packard Enterprise Company
has committed to
- HH Global
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Iberdrola SA
Iberdrola SA
has committed to
- IMI plc
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Ingka Group (IKEA)
Ingka Group (IKEA)
has committed to
- ITV
- Jacobs
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JK Lakshmi Cement Limited
JK Lakshmi Cement Limited
has committed to
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JLL
JLL
has committed to
- Jungheinrich AG
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Kellogg Company
Kellogg Company
has committed to
- Landsec
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Lime
Lime
has committed to
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McKinsey & Company
McKinsey & Company
has committed to
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Meridian Energy
Meridian Energy
has committed to
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Meta
Meta
has committed to
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Mitie Group
Mitie Group
has committed to
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NatWest Group plc
NatWest Group plc
has committed to
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NEC Corporation
NEC Corporation
has committed to
- Nexii Building Solutions Inc.
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Novartis
Novartis
has committed to
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O’right
O’right
has committed to
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Octopus Energy Group Limited
Octopus Energy Group Limited
has committed to
- Palo Alto Networks
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Pearson
Pearson
has committed to
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PepsiCo, Inc.
PepsiCo, Inc.
has committed to
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PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
has committed to
- Prologis
- QUALCOMM Inc.
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Ramboll AS
Ramboll AS
has committed to
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Robert Bird Group
Robert Bird Group
has committed to
- S4 Capital PLC
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Samsung Biologics Co., Ltd.
Samsung Biologics Co., Ltd.
has committed to
- Scania
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Schneider Electric
Schneider Electric
has committed to
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Severfield
Severfield
has committed to
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Siemens Gamesa Renewable Energy SA
Siemens Gamesa Renewable Energy SA
has committed to
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Signify
Signify
has committed to
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SKF
SKF
has committed to
- Springer Nature
- SproutWorld
- Sunrun
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Swiss Post
Swiss Post
has committed to
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T Mobile USA inc
T Mobile USA inc
has committed to
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TDK Corporation
TDK Corporation
has committed to
- Tech Mahindra
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Telefonica
Telefonica
has committed to
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Trane Technologies
Trane Technologies
has committed to
- Uber Technologies Inc
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ViaCon
ViaCon
has committed to
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Virgin Media O2
Virgin Media O2
has committed to
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Virtusa Corporation
Virtusa Corporation
has committed to
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Visa
Visa
has committed to
- WSP
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Xero
Xero
has committed to
- Zenergi