Global Commitment to SBTi Climate Targets Now Worth $38 Trillion in Market Cap by 2021

Here is an article from Energy Monitor. According to them,

  • Companies totaling a market capitalization of $38 trillion had committed to science-based climate targets through the Science Based Targets initiative (SBTi) by the end of 2021

  • The SBTi launched the Net-Zero Standard in 2021, providing a framework for setting corporate net-zero targets aligned with climate science. 

  • Over 20% of high-emitting companies globally are now part of the SBTi, with strong uptake across Europe, North America, Latin America, and Oceania with Europe leading around 55% of these commitments

Here are some commitments made my some of the largest companies of the world that are worth noting:

  • €1 billion - Allocated by Unilever in 2020 to establish a Climate & Nature Fund, meant for taking significant steps in addressing climate change
  • €200 million - Invested by IKEA in their mission to be a climate positive company, as their their newsroom
  • $2 billion - Amazon's Climate Pledge Fund to support the development of sustainable technologies and services

Decarbonization Avenues

  • Corporate Carbon Management
  • Climate Finance
  • Multi-stakeholder Collaboration

    • Keywords

  • climate targets
  • corporate climate action

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