From record-breaking temperatures to rampant wildfires, the signs of climate change are everywhere. Companies can respond by measuring their emissions, setting science-based targets to reduce them and pricing carbon.
To fulfill science-based targets, businesses are taking innovative approaches to their internal operations, and looking at how they can use their market power to source their products more sustainably.
Climate change risks to corporations, their investors and the planet are increasing markedly. Those who heed the call to act by pricing carbon, setting a science-based emissions target and more will materially increase their odds of prospering.
For the first time, Harvard Business Review incorporated environmental and social governance factors into its Best Performing CEOs ranking. A CEO ranked number one in 2014 fell to number 76 because of it.
With the Paris Agreement clearing the final hurdle to enter into force, the world is now unmistakably on a low-carbon path. WRI Business Center Director Kevin Moss highlights three ways business can take action.
Most companies set sustainability targets based on what is considered feasible or competitive rather than what is necessary to preserve Earth's resources for future generations. With help from WRI, Mars is doing things differently.
The Science-Based Targets initiative to cut corporate greenhouse gas emissions has met and exceeded its first goal, with more than 165 companies committed to use the best climate science to inform their carbon reduction decisions. SBTs are succeeding because they take the guesswork out of the process of shrinking businesses' carbon footprints.
More than 150 companies have committed to align their emissions-reduction goals with what the science says is necessary to limit temperature rise to 2 degrees C (3.6 degrees F). Here's what some pioneering corporations are saying about setting science-based emissions targets.
More than 100 companies have now committed to use the best science available as the basis for setting greenhouse gas emissions-reduction targets. Targets informed by science might well be effective in reducing risks posed by water as well—but there are hurdles to overcome first.