285 companies responsible for more than 752 million metric tons of CO2 equivalent emissions per year from their operations—more than the combined annual emissions of France and Spain—have set greenhouse gas emissions reduction targets in line with what science says is required to avert dangerous climate change and meet the goals of the Paris Agreement. 76 of these companies’ goals are in line with limiting warming to 1.5°C above pre-industrial levels.
A new report published today by the Science Based Targets initiative (SBTi) reveals that by meeting their targets, these 285 companies will reduce their emissions by 265 million metric tons of CO2 equivalent, approximately equivalent to shutting down 68 coal-fired power plants. This represents a 35% reduction in companies’ emissions compared to their base year emissions.
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