To read full case studies about some of the companies who have set science-based targets, click here.
“We want to make sure Walmart is a company that our associates and customers are proud of – and that we are always doing right by them and by the communities they live in. That’s really what these commitments are about. And that’s why we’re so passionate about them.”
Doug McMillon, President and CEO, Walmart
“Setting a science-based target has helped us achieve our ambition for sustainability leadership in the real estate sector. Before, we were kind of playing catch up, now we’re hopefully ahead of the game. The other companies who have had their targets approved by the Science Based Targets initiative are all leaders in their sectors. To be alongside them on the website really matters to us: it sends a signal to investors and others that we are taking sustainability seriously. Media coverage, like the front-page piece in the Financial Times on the £4m fuel cell system we installed in the basement of 20 Fenchurch Street, also helps.”
Tom Byrne, Energy Manager, Land Securities
“We set this goal with the firm belief that it will be good for the environment and good for our business. Energy conservation and increasing renewable energy will not only drive emission reductions, but will decrease costs and help create innovative solutions that will help our brands win with consumers. There is a clear business case for reducing our greenhouse gas emissions via use of renewable energy and efficiency improvements. For example, the energy efficiency actions we have already taken over the last 4 years, which will help reduce our GHG emissions, have saved $500 million – and there are more savings to come.”
Jack McAneny, Director of Global Sustainability , P&G
“Technology has a critical role in addressing the causes and consequences of climate change. We know we have the greatest impact when we help our customers reduce their footprint so we’ve designed our products to use 30 percent less energy compared to our products five years ago, with a goal to get to 80 percent by 2020. More than 38 percent of Dell’s electricity comes from renewable sources and we expect over half of our electricity will be renewable in just four years. We’ve also embraced teleworking and other flexible work arrangements, which reduces our employees’ emissions by over 35,000 of metric tons of CO2e per year.”
David Lear, Executive Director of Sustainability, Dell
“At Kellogg, we know people care about where food comes from, who grows and makes it, and that there’s enough for everyone. And climate change can impact both food security and our business by posing risks to the long-term health and viability of the ingredients we use in our foods. During COP21, we committed to reducing the emissions from our operations and energy use by 65 percent and to working with our suppliers to significantly reduce their emissions as well. Since then, Kellogg has asked 75 percent of our global suppliers to publicly report their emissions so that we can better measure our whole footprint.”
“As a global food company, we recognize the significant impacts climate change can have on our business if left unaddressed. That’s why we are taking action across our value chain. However, we understand that no one company, industry or government will mitigate climate change. It is an urgent and shared global challenge. Real progress toward more sustainable emission levels will require unprecedented collaboration and collective innovation.”
Ken Powell, chairman and CEO, General Mills.
“As a global energy company, Enel is ready to challenge business-as-usual habits and take the lead on transforming the energy infrastructure. We are committed to reach carbon neutrality by 2050. This is consistent with the level of de-carbonization required to limit global warming to 2 degrees. In order to support this energy transition, the Group is promoting ambitious, cost-effective environmental policies, thus accelerating the transition to a smarter, efficient, renewably powered economy.”
Francesco Starace, CEO and general manager, Enel
“Climate change is a collective challenge. Carrefour has pledged to reduce the CO2 emissions generated by its stores throughout the world by 40% in 2025 and by 70% in 2050, compared with 2010 levels. This goal can only be achieved through innovation and the development of solutions with all of our stakeholders.”
Bertrand Swiderski , CSR director, Carrefour.
“We want to have a positive impact on people and the planet, and that includes going ‘all in’ to tackle climate change. We’ve made good progress in reducing emissions and have invested EUR 1.5 billion in renewable energy since 2009. We’re now setting a science-based target to keep us on track to build a low carbon, better business.”
Steve Howard, chief sustainability officer, IKEA Group.
“Autodesk developed the Corporate Finance Approach to Climate-Stabilizing Targets (C-FACT), our science based methodology, back in 2009 because we saw many companies setting random greenhouse gas reduction targets. C-FACT is scientifically rigorous, business-friedly, and verifiable. We wanted to develop a rigorous methodology in line with scientific greenhouse gas reduction goals that would enable economic growth, and then make it open source so that other companies with a much larger footprint could replicate and improve upon the methodology.”
“Ambitious greenhouse gas reduction goals help our teams rally around low-carbon innovation. Of course knowing that our goals are backed by the current climate research increases buy-in and commitment at all levels of the company.”
Alexandra Palt, Chief Sustainability Officer, L’Oreal.
“At BT, we wanted to identify the path that achieved both sufficient carbon reduction to avert catastrophic climate change and allowed for economic prosperity. We think we did that with our climate stabilization target and are showing that climate stabilization and business growth can go hand in hand.”
Gabrielle Ginér, Program Manager for Environmental Sustainability, BT. “