Tuesday, October 25, 2016

Company Climate Change Plans Too Weak to Meet Paris Goals - Survey

CDP (formerly the Carbon Disclosure Project) (Credit: greenbiz.com) Click to Enlarge.
Plans to cut greenhouse gas emissions by big companies represent only a quarter of the amounts needed to limit global warming under targets agreed last year by almost 200 nations, a study showed on Tuesday.

"More companies are acting, but still have a long way to go," said Paul Simpson, chief executive of London-based CDP, an independent group which tracks companies' performances and was formerly known as the Carbon Disclosure Project.

About 85 percent of 1,089 major companies which responded to a CDP survey said they have set goals for lowering greenhouse gas emissions as part of a drive to slow climate change and avert downpours, heatwaves and rising sea levels.

But overall, the plans were not enough to match goals set in the 2015 Paris Agreement to limit a rise in temperatures to "well below" 2 degrees Celsius (3.6 Fahrenheit) above pre-industrial times, it said.
A few companies, including Dell, Enel, Toyota, Nestle, IKEA [IKEA.UL] and Walmart had strong enough policies to limit emissions by 2030, Simpson told Reuters.

Read more at Company Climate Change Plans Too Weak to Meet Paris Goals - Survey

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