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:
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.
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.
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.
“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.
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. Approximately half of consumers worldwide believe climate change will have a negative effect on their own lives, and 65% agree that human activity is responsible for climate change.
“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
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.
“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
Play your part in international efforts to limit global temperature rise