A total of 87 companies, including food and ingredient corporates, have said they will ‘lead the way’ towards a ‘1.5°C future’ by joining the UN Global Compact on climate change.
The companies, which represent a combined market capitalisation of US$2.3trn, have pledged to align their businesses with science-based targets to limit the ‘worst impacts’ of climate change. They have committed to set climate targets across their operations and value chains aligned with limiting global temperature rise to 1.5°C above pre-industrial levels and reaching net-zero emissions by no later than 2050. The companies have also agreed to set science-based targets through the Science Based Targets initiative (SBTi), which independently assesses corporate emissions reduction targets in line with what climate scientists say is needed to meet the goals of the Paris Agreement.
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