Levi Strauss, Danone, Unilever Among Companies Committing to Climate Action
September 23 2019 - 5:39AM
Dow Jones News
By Maitane Sardon
As global leaders gather to debate action on climate change at
the United Nations today, a group of 87 companies, including Levi
Strauss & Co. (LEVI) Danone SA (BN.FR) and Unilever
PLC(ULVR.LN), are taking further action to limit their carbon
emissions.
The companies, that have a combined market capitalization of
over $2.3 trillion, said they will adopt new targets in line with
what scientists say is needed to limit global temperature increases
to "well below" 2 degrees Celsius.
The Intergovernmental Panel on Climate Change says global carbon
emissions have to fall by 45% by 2030 in order to limit global
warming, but change is not happening at a fast-enough pace,
according to the UN, that says the Paris Agreement's signatories
need to be far more ambitious in their nationally-determined
contributions.
Some of the 87 companies, including Swiss company Zurich
Insurance Group(ZURN.EB), Vodafone Group PLC (VOD.LN) and
International Flavors & Fragrances Inc. (IFF), are committing
to set science-based targets for reducing their greenhouse gas
emissions for the first time.
Others, including UK's BT Group PLC (BT.A.LN) and Burberry Group
PLC (BRBY.LN) or France's L'Oreal SA (OR.FR) and Orange(ORA.FR),
have already set targets but said will announce further climate
goals over the coming months.
"Science-based targets are important to Unilever because they
ensure our greenhouse gas emissions reductions are aligned with
what science says is necessary to achieve a safe and sustainable
future," said Unilever's CEO Alan Jope.
Mr. Jope said the consumer goods company aims to be carbon
neutral before 2030, adding that it still has "a lot of hard work
ahead".
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
September 23, 2019 06:24 ET (10:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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