A method for setting corporate emission reduction targets in line with climate science
The scientific community has provided continuous warnings that global emissions are jeopardizing our ability to limit warming to a 2°C temperature increase above preindustrial levels, the politically agreed-upon level of international ambition. As governments consider new emissions pledges, companies are taking the initiative to align their own emission reduction goals with climate models of the 2°C pathway. New technologies and practices demonstrate that companies can decouple environmental impacts from economic activity.
In considering target setting to reduce GHG emissions, many corporations have sought guidance from CDP, WRI, and WWF. In 2014, these organizations decided to join forces and provide more comprehensive guidance including a method that illustrates the scale of emissions mitigation required to achieve a 2°C pathway and the differences facing each sector to achieve reductions.
The first step is the target setting method presented in the report below, to help companies set targets based on the best science and modeling currently available.