The transition to a low-carbon economy is underway and accelerating globally. Every sector in every market will be transformed. Get on track now for low-carbon and future-proof growth by setting a science-based target to:
Increase innovation. The transition to a low-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.
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.
Strengthen investor confidence and credibility. Companies taking a leadership position on climate bolster their credibility and reputation among stakeholders, including investors, customers, employees, policy makers and environmental groups. Approximately half of consumers worldwide believe climate change will have a negative effect on their own lives, and 65 per cent agree that human activity is responsible for climate change.
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.
Be sure you’re playing your part in international efforts to limit global temperature rise
Many companies are already demonstrating they have the skills, expertise and ingenuity to simultaneously reduce their footprint and increase their growth – but want to ensure the transformational action they take is aligned with current climate science. Businesses can ensure they are playing their part in the global effort to limit global warming to well below 2 degrees celsius by setting a science-based target.