This collaborative initiative helps companies establish and achieve ambitious emissions reduction goals grounded in climate science. It provides resources, guidance, and a platform for businesses to align their operations with the Paris Agreement’s objective of limiting global warming to well-below 2C, preferably to 1.5C, compared to pre-industrial levels. For example, a corporation might use the available frameworks and tools to develop a strategy for reducing its greenhouse gas emissions by a specific percentage over a defined timeframe, validated by the initiative’s criteria.
Setting evidence-based objectives for corporate emissions reductions is crucial for mitigating climate change and building a resilient future. The initiative drives corporate ambition, facilitates transparency, and fosters a level playing field for businesses committed to climate action. It emerged from a growing recognition of the urgent need for private sector involvement in addressing global warming and builds upon existing scientific consensus and international frameworks. By providing a clear pathway for corporate climate action, the initiative contributes to a broader societal shift towards sustainability.
