Delivering emissions reductions at scale

Forward-looking businesses are harnessing climate action as a driver of innovation, competitiveness, risk management and growth, while delivering the emissions reductions needed to avoid dangerous climate change. These emissions reduction targets are aligned with what scientists agree is necessary to keep global warming to well below 2°C.

• Adopt a science-based emissions reduction target
• Join the Low Carbon Technology Partnerships initiative

Creating a zero-carbon energy system

The energy system powers economic growth. By committing to source 100% renewable power and double energy productivity, companies are helping catalyze further, faster transition to a zero-carbon energy system, whilst securing greater energy security, cost savings and growth.

• Commit to 100% renewable power
• Commit to smart energy use

Driving a zero-carbon transport system

The transport sector currently accounts for 23% of global energy-related CO2 emissions – over half of which is from light vehicles – and is the fastest-growing contributor to climate change. Corporate commitment to increasing the pace of electric vehicle uptake and growing the market for the world’s most sustainable fuels are vital to reducing urban emissions.

• Commit to electric vehicles and charging infrastructure

Harnessing land and eliminating deforestation

Making progress on mitigation in the food and agriculture sector is crucial to meeting the Paris Agreement, as it represents 25% of all greenhouse gas emissions and is the sector most vulnerable to climate change. While deforestation and forest degradation account for 10-15% of the world’s GHG emissions and risk US$906 billion in annual corporate turnover.

• Remove commodity-driven deforestation from all supply chains by 2020
• Commit to climate smart agriculture
• Improve water security

Cutting industry’s carbon footprint

Companies with large-scale industrial operations are a vital part of the global effort to curb climate change. Strategic climate commitments help to future-proof industrial businesses, delivering enhanced risk management and competitiveness whilst significantly reducing emissions.

• Reduce short-lived climate pollutant emissions

Building climate-competent companies

Robust internal capacity on climate issues is essential for companies to harness climate action as a driver of innovation, competitiveness, risk management and growth. Businesses can ensure they are prepared by committing to develop consistent, accountable, and transparent internal practices around climate change management.

• Put a price on carbon
• Commit to responsible corporate engagement in climate policy
• Commit to implement the recommendations of the Task Force on Climate-related Financial Disclosures