28 companies with a total market capitalisation of $1.3 trillion are setting new climate

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  • 23 Jul 2019 12:00 AM
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28 Companies With Combined Market Cap of $1.3 Trillion Set New Level of Climate Ambition

28 companies with a total market capitalisation of $1.3 trillion are setting new climate ambitions in response to a call-to-action campaign ahead of the UN Climate Action Summit on 23 September. The companies have committed themselves to more ambitious climate targets aligned with limiting global temperature rise to 1.5°C above pre-industrial levels and reaching net-zero emissions by no later than 2050. Companies to first commit include AstraZeneca, KLP, Natura &Co, Singtel, Telefonica, Unilever, Vodafone Group PLC and Zurich Insurance, among others, collectively representing over one million employees from 17 sectors and more than 16 countries. Of the 28 companies, BT, Hewlett Packard Enterprise, Levi Strauss & Co. and SAP already have 1.5°C-aligned reduction targets covering greenhouse gas emissions from their operations. The companies raising the bar for corporate climate ambition are committed to setting science-based targets through the Science Based Targets initiative. Ambitious CEOs who commit their companies to a 1.5°C trajectory in support of a net-zero future will be recognised at the UN Global Compact’s Private Sector Forum as part of the UN Climate Action Summit.

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