Emissions Must Drastically Reduce. To achieve the 1.5°C goal set out in the Paris Agreement, greenhouse gas (GHG) emissions must immediately and drastically reduce, halving before 2030 and reaching net zero by 2050, while at the same time removing some of the carbon already emitted.
Business Action is Crucial. All companies need to publicly set and implement targets to reduce GHG emissions across their full value chain, in line with the latest climate science of the IPCC. Given that the vast majority of companies’ emissions are in their value chains, engagement with suppliers is crucial to progress.
Climate Action is Good Business. Companies that make progress more quickly will not only accelerate the needed transition but can also create significant competitive advantage and enhance their own long-term resilience.