Aligning corporate greenhouse-gas emissions targets with climate goals
Corporate climate action is increasingly considered important in driving the transition towards a low-carbon economy. For this, it is critical to ensure translation of global goals to greenhouse-gas (GHG) emissions reduction targets at company level. At the moment, however, there is a lack of clear methods to derive consistent corporate target setting that keeps cumulative corporate GHG emissions within a specific carbon budget (for example, 550–1,300 GtCO2 between 2011 and 2050 for the 2 °C target).
Here we propose a method for corporate emissions target setting that derives carbon intensity pathways for companies based on sectoral pathways from existing mitigation scenarios: the Sectoral Decarbonization Approach (SDA).
These company targets take activity growth and initial performance into account. Next to target setting on company level, the SDA can be used by companies, policymakers, investors or other stakeholders as a benchmark for tracking corporate climate performance and actions, providing a mechanism for corporate accountability.
This article is available on the publisher’s website via restricted access.
Authors
Specifications
- Publication title
- Aligning corporate greenhouse-gas emissions targets with climate goals
- Publication date
- 24 August 2015
- Publication type
- Publication
- Magazine
- Nature Climate Change
- Product number
- 1895
