More than 300 global companies have now committed to set emissions reduction targets through the Science Based Targets initiative. This year, more than 90 new companies have joined, demonstrating that the private sector is committed to aligning their efforts to tackle climate change with the Paris Agreement’s goal to limit global warming to well below 2 degrees Celsius.
Ahead of Climate Week, a surge of top apparel companies are announcing their commitment to set science-based targets, including Gap Inc., NIKE, Inc., Levi Strauss & Co., GUESS, EILEEN FISHER and VF Corporation.
Lila Karbassi, Chief, Programmes, UN Global Compact, one of the Science Based Targets initiative partners said: “As more and more companies see the advantages of setting science-based targets, the transition towards a low-carbon economy is becoming a reality. Businesses now working towards ambitious targets are seeing benefits like increased innovation, cost savings, improved investor confidence and reduced regulatory uncertainty. This is becoming the new ‘normal’ in the business world, proving that a low-carbon economy is not only vital for consumers and the planet, but also for future-proofing growth.”
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