A growing number of the highest greenhouse gas-emitting companies have set carbon emissions reduction targets for this year and beyond, said a report released Tuesday by CDP.
Among the 1,073 companies analyzed, 89% have set carbon emissions reduction targets for this year, with 68% setting targets to at least 2020 and 20% setting targets to 2030 and beyond. Last year's report found 85% of companies surveyed had set emissions reduction targets for the year, 55% had set targets to at least 2020 and 14% had set targets to 2030 and beyond.
This year's report also found 14% of the companies analyzed have or commit to having targets aligned with limiting the average global temperature increase to 2 degrees Celsius, up from 9% last year; 30% plan to set targets within two years.
Other findings from the CDP's 2017 report include:
- Climate change is a focus of board members or senior-level management at 98% of the companies analyzed;
- 97% of companies have integrated climate change into their business strategy;
- 36% of companies now offer low carbon products like electric vehicles and zero-energy buildings, up from 30% in 2016; and
- 32% of companies are using internal carbon pricing, up from 29% in 2016.