What are the current climate targets?

August 12, 2022


Biden has a goal of achieving net-zero greenhouse gas emissions by no later than 2050 and of limiting global warming to 1.5 degrees Celsius, as the science demands.


What are businesses aiming to achieve?

The climate targets of the Fortune 500

Several Fortune 500 companies have released their targets. The Fortune Global 500 is a ranking of the world’s 500 largest companies.

In 2019, this influential group employed 70 million people and generated revenues of over $33 trillion.

According to Fortune, “Fifty-eight percent of Fortune 500 CEOs said in a recent Fortune survey that they have a plan to achieve net-zero greenhouse gas emissions by 2050 or sooner.

Since 2011, the number of S&P 500 companies publishing sustainability reports increased from 20% in 2011, to 90% in 2019.

A few examples include Procter & Gamble, HP, Salesforce, ASOS, and Nespresso.

1.  Procter & Gamble –

Since 2010, Procter & Gamble has reduced its absolute emissions across global operations by 52%.


2. ASOS –

ASOS announced that as part of its Carbon 2020 strategy, it has reduced its emissions every year since 2015 and cut emissions intensity by 30% in this time—the equivalent of avoiding 110,000 metric tons of carbon


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