Setting Targets

With the best-case scenario of limiting global warming to 1.5°C slipping out of reach, urgent climate action needs to be taken. The movement of companies, countries, regions, and cities setting ambitious Net Zero targets must be accelerated to address the climate emergency. Net Zero for a company means achieving a state in which the activities within its value chain result in no net impact on the climate from greenhouse gas emissions. To be truly meaningful, this must be achieved by reducing actual value chain greenhouse gas emissions in line with 1.5°C science-based pathways.

‘Race to Zero’ is a global campaign to mobilise leadership and support from businesses and other stakeholders for a healthy, resilient, zero-carbon recovery, which creates jobs, unlocks inclusive, sustainable growth, and reduces the risk of future shocks. The campaign, under the stewardship of the UN High Level Climate Champions, rallies ‘real economy’ leaders to join the largest ever coalition committed to the same overarching goal: achieving net Zero emissions by 2050 at the very latest.

The following are valuable resources for further reading on setting targets: