Over 20 Global Companies Pledge New Emissions Targets
July 23 2019 - 1:30AM
Dow Jones News
By Dieter Holger
More than 20 global companies with a combined market value of
$1.2 trillion have pledged to set more ambitious targets to limit
global warming, the United Nations said Tuesday.
The carbon-dioxide targets will help limit global temperature
rise to 1.5 degrees Celsius above pre-industrial levels and reach
net-zero emissions by 2050.
"Climate leadership has never been more important than it is
right now, and it is inspiring to see so many diverse companies and
brands boldly raising their ambitions," said Lise Kingo, chief
executive and executive director of the UN Global Compact, an
initiative where businesses voluntarily pledge to a set of
environmental and human-rights principles.
The 27 companies setting new CO2 targets include Levi Strauss
& Co. (LEVI), AstraZeneca PLC (AZN.LN), Unilever NV (UNA.AE)
and Vodafone Group PLC (VOD.LN). They worked with the Science Based
Targets Initiative to develop the goals, which has assisted some
600 firms to date.
SAP SE (SAP.XE), which was among the companies who made the
commitment, aims for its operations to be carbon-neutral by 2025 in
part thanks to improved energy efficiency.
"Our strong cloud strategy will be a key driver based on
efficiency gains in our data centers and a significant increase of
our cloud customers," said Daniel Schmid, chief sustainability
officer at SAP.
Write to Dieter Holger at dieter.holger@dowjones.com;
@dieterholger
(END) Dow Jones Newswires
July 23, 2019 01:15 ET (05:15 GMT)
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