Investors are starting to demand businesses take action on climate change. This year, climate change topped off the agenda at the annual meeting of the World Economic Forum in Davos, Switzerland — where every January, global leaders and the heads of the world’s largest companies gather to find ways to improve the state of the world. When surveyed, experts from government, business, academia and non-governmental organizations said the failure to respond to climate change is a key risk . Companies committed to tackle climate change are addressing their greenhouse gas emissions (GHGs) via science-based targets . These voluntary goals are compatible with the global push towards a low-carbon economy that aims to keep the global temperature increase to less than 2℃. One program that is gaining traction globally is the Science Based Targets initiative (SBTi), a collaboration between CDP, a not-for-profit charity , the UN Global Compact , the World Resources Institute and the World Wildlife Fund . This program creates a global community where companies can set targets that align with the Paris Agreement . Joining a global community like SBTi not only provides a formal framework for measurement and tracking goals, it also signals a company’s commitment […]
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