"Top of the class" businesses raising ambitions for Paris: CDP report

Reading time: 3 minutes
5 November 2015

LONDON: Companies who are “top of the class” in tackling climate change have cut greenhouse gas emissions by 50 million metric tons, a new CDP report reveals.

Businesses are increasingly taking action to mitigate their carbon footprint, CDP's latest data shows. Of the almost 2,000 companies who submitted their climate information to CDP, 94% of them have board or senior management responsibility for climate change, which is both seen as a challenge and an opportunity.

Just 113 made the top of the leaderboard, identified by CDP as the “Climate A-List” for demonstrating ambitious climate actions. RE100 members Autodesk, Givaudan, Nestlé, Philips, Proximus, Unilever, Kingspan Group and YOOX ranked in this special leaderboard.

Mark KenberCEOThe Climate Group says: “At Climate Week NYC this year, a group of America's most influential companies joined RE100 – a project of The Climate Group in partnership with CDP – pledging to source 100% of their electricity from renewable energy. This CDP ‘A list’ showcases the huge impact forward-thinking companies are already having on mitigating carbon emissions by investing in renewables and integrating climate action into their strategies.

“However, policymakers must send the right signals for this historical shift to accelerate. The Paris climate talks mark an important step on this journey, but we must see collaboration between both business and government on climate action over the next five years – the critical window before what is agreed in Paris comes into force.”

cdp

Image: Improving climate actions globally, from CDP’s report Global Climate Change 2015

CDP’s report, issued on behalf of 822 investors representing US$95 trillion, analyzes 8,335 projects initiatives to reduce carbon emissions in 2015. It shows that 44% of the companies disclosed absolute emissions reduction goals – a stark increase from the 27% achieved in 2010. Moreover, this year 89% of the companies had activities to reduce greenhouse gas emissions, almost double the number in 2010.

These impressive numbers show how companies and cities are fundamental to address the ‘gap’ between the Intended Nationally Determined Contributions submitted by governments so far and the level of climate commitment necessary to keep the increase of global warming below 2 degrees Celsius, the threshold to avoid the worst effects of climate change.

However, only 6% of absolute emissions targets analyzed extend beyond 2020. This shows many companies are being cautious for long-term commitments before the incumbent climate negotiations – an additional call to spur ambition in Paris.

Convened by The Climate Group in partnership with CDPRE100 is an ambitious global initiative to engage, support and showcase influential companies committed to using 100% renewable power. Today 39 companies are part of the RE100 campaign, including Alstria; Autodesk; Aviva; BT Group; Commerzbank; DSM; Elion Resources Group; Formula E; Givaudan; Goldman Sachs; H&M; IKEA Group; Infosys; Johnson & Johnson; J. Safra Sarasin; Kingspan; KPN; Land Securities; La Poste; Marks & Spencer; Mars, Incorporated; Nestlé; Nike, Inc.; Philips; Procter & Gamble; Proximus; RELX Group; Salesforce; SAP; SGS; Starbucks; Steelcase; Swiss Re; UBS; Unilever; Vaisala; Voya Financial; Walmart, YOOX Group.

related news

Share
Facebook icon
Twitter icon
LinkedIn icon
e-mail icon
Google icon