Turning pledges into action is a COP27 key focus, but it’s vital corporate targets are ambitious enough

November 23, 2022 EcoVadis ‏‏‎

90% decarbonization is the only path to science-based net zero, so that’s the target Capgemini has set itself.
Reflecting our commitment to doing what the international scientific community says is needed to address climate change, Capgemini aligned its net zero targets with the Science Based Target initiative’s (SBTi) Net-Zero Standard in 2022 – the world’s first framework for 1.5°C-aligned corporate net zero targets. We’re reducing our total carbon emissions by 90%.
Why is SBTi’s new standard a milestone? And what does this mean for Capgemini’s net zero approach?

Bolder, more transparent pledges
Warnings resound as COP27 continues: urgent climate action is needed now, and it’s vital corporate pledges are ambitious enough. We have all seen that corporate net zero pledges have increased rapidly in recent years. However, a challenge persists. Some pledges aren’t comparable because of inconsistent definitions of what “net zero” actually means. For example, the scope of emissions included in targets differs between pledges, as does how deeply and quickly a business must decarbonize before offsetting its residual emissions.

Reaching net zero should not be seen as a ‘competitive advantage’, rather it should be a shared challenge. In reality, no one company can reach net zero in isolation. We will need cross-sector action – for example: changes in mobility infrastructure and a shift to a circular economy. Achieving net zero therefore requires a unified vision of what we’re trying to achieve. Critically, it requires a vision that’s truly ambitious enough to support the Paris Agreement goals to limit global warming.

Read the full article at: www.capgemini.com

About the Author

EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 175+ countries.

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