CDP, the world’s largest environmental disclosure platform, has just published its annual scores and analysis of how the biggest companies globally are responding to climate change.
Last year, they found many big companies failing to meet Paris Agreement goals. This year, companies are moving faster:
- 89% of world’s biggest, most environmentally-impactful companies now have carbon emissions targets, with a fifth planning low-carbon into their futures to 2030 and beyond.
- 14% of 1,000+ sample are committed to aligning their targets with climate science, a 5% increase since last year. An additional 300+ companies (30%) plan to set science-based targets within two years.
- Companies are closing the emissions gap, with current targets taking the sample 31% of the way to a 2-degree world, up from 25% in 2016.
- The CDP A List names 159 leading corporates recognised as pioneers taking action on climate change, water and deforestation in 2017. Unilever and L'Oréal lead the way with A’s across all three areas.
Fourteen per cent of a sample of 1,073 responding companies have future-proofed their growth by committing to set science-based targets via the Science Based Targets initiative. 31 Australian companies responded, only 1 (3%) got A list ranking for climate change.