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Our world.

Forty-nine gigatons of greenhouse gases are
emitted every year, of which 38 gigatons are CO2.

CDP, UN GC, WRI and WWF are asking companies to set
science-based GHG reduction targets to stay within a global
temperature increase of 2°C from pre-industrial levels.

The 70 companies in this analysis are responsible
for 9% of the world’s CO2 emissions.

A closer look at the 9%

The Mind the Science report takes a close look at 70 energy-intensive companies, who together account for 9% of the world’s direct (Scope 1) CO2 emissions. The analysis focuses exclusively on the direct emissions of these businesses. Each block represents one of the 70 companies, sized according to their emissions. In future we aim to look at their indirect emissions too, and build the analysis beyond this original set of companies.

2ºC target when the company absolute or intensity emission reduction target is aligned with what would result from the application of the Sector Decarbonisation Approach with the public data available for that company and the targets extends to or beyond 2030

Long term
2°C targets

2ºC target when the company absolute or intensity emission reduction target is aligned with what would result from the application of the Sector Decarbonisation Approach with the public data available for that company and the targets do not extend beyond 2029

Short term
2°C targets

Non-2ºC target Where the company absolute or intensity emission reduction target is less ambitious than what would result from the application of the Sector Decarbonisation Approach with the public data available for that company

Non-2°C
targets

Non-relevant target Where the company absolute or intensity emission reduction target was covering less than 80% of their emissions

Irrelevant
targets

No targets Where no public information could be found of a company having an absolute or intensity emission reduction target active in 2014 or beyond

No targets

Relevant science based targets

28 energy-intensive companies, representing 3.4% of the world’s emissions, have science-based targets that are aligned with the world staying below 2ºC, as judged by the Sectoral Decarbonization Approach. Of these 28 companies, 22 companies, representing 2.4% of global emissions, have short-term targets not extending beyond 2030. Several companies have targets expiring in 2015, presenting an opportunity for them to continue to show their leadership by adopting long-term science-based targets.

Long term
2°C targets

Short term
2°C targets

Non-2°C
targets

Irrelevant
targets

No targets

2ºc vs non-2ºc targets

41 companies have relevant targets, representing 5% of the world's emissions. Eight of these companies have targets that are not aligned with the Sectoral Decarbonization Approach and are therefore considered as non-2ºC targets. They represent about 1.3% of world emissions - or 14% of the emissions within this sample. Many of these companies are making progress on addressing climate change. However their commitments still lack the ambition needed to stay below 2ºC. Additionally, it has not been possible to determine for five of the 41 companies if their targets are aligned with a 2ºC world. This is due to the way the targets are expressed, which has not allowed for comparison to the Sectoral Decarbonization Approach

Long term
2°C targets

Short term
2°C targets

Non-2°C
targets

Irrelevant
targets

No targets

Have targets, though they are not relevant

For the 48 companies who have GHG emission reduction targets, seven have irrelevant targets. This means their targets are covering less than 80% of their direct emissions. We have considered that irrelevant targets are not science based. These seven companies represent about 1.1% of world emissions and 11% of the emissions in the sample. In some cases the companies have multiple targets that are not aggregated at corporate level and it would be clearer if they communicate their goal as one single target consolidated at the parent level.

Long term
2°C targets

Short term
2°C targets

Non-2°C
targets

Irrelevant
targets

No targets

The haves and have nots

22 companies representing approximately 3.3% of global emissions - and 35% of this sample's emissions - do not have a public emission reduction target. Nine of these do not even monitor and report publicly their CO2 emissions - and they total 1% of world emissions. Measurement and public disclosure are basic and fundamental requirements for emissions management

Long term
2°C targets

Short term
2°C targets

Non-2°C
targets

Irrelevant
targets

No targets

When do company targets expire?

Many companies have an opportunity to review their targets according to science, since they have expired in 2014 or are expiring in 2015. Others are in need to step up their ambition by adopting long-term targets beyond 2030.

Long term
2°C targets

Short term
2°C targets

Non-2°C
targets

Irrelevant
targets

No targets

Table of aggregate data

Further details will be available in near future by clicking the company name as we
keep analyzing companies and validating their emissions and their targets.

Sector Company name Country Public target Relevant target 2°C Long term

DISCLAIMER

Data presented here comes from publicly available sources published by the companies: public websites, sustainability reports or CDP disclosures. Whenever conflicting data has been found between data sources, judgment has been applied to reconcile data. All emissions data and target data respect to direct CO2 emissions and simplifications and assumptions might have been made. Please consult our methodology to further understand some of the assumptions behind the analysis. The partners will continue to evolve and refine this methodology and the analysis. Comments are welcome.   CDP, WWF and UN Global Compact will reach out within reasonable efforts to the companies listed to validate the data used as basis for the analysis. Our goal is to make all data on company emissions and targets that is publicly available accessible through this website for public scrutiny. Whilst every attempt is made to ensure that the information presented is correct, the partner organizations can accept no responsibility for its content or for any consequence to any individual or company as a result of the data shown or following any advice based on this data.   Subject to the following terms and conditions, the contents of this report may be copied and distributed provided acknowledgement is given to CDP, United Nations Global Compact (UN Global Compact) and World Wide Fund for Nature (WWF).  This does not represent a license to repackage or resell any of the data reported to CDP or the contributing authors and presented in this report, or to create derivative works based upon the contents of the report. If you intend to repackage or resell any of the contents of this report, or to create derivative works based upon it, you must obtain express permission from CDP, UN Global Compact and WWF before doing so. No representation or warranty (express or implied) is given by CDP, UN Global Compact, WWF or any of its contributors as to the accuracy or completeness of the information and opinions contained in this report or its fitness for a particular purpose, and no warranty of merchantability or non-infringement is made. You should not act upon the information contained in this publication without obtaining specific professional advice. To the extent permitted by law, CDP, UN Global Compact and WWF do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this report or for any decision based on it. All information and views expressed herein by CDP, UN Global Compact, WWF and any of its contributors is based on their judgment at the time of this report and are subject to change without notice due to economic, political, industry and firm-specific factors. Guest commentaries where included in this report reflect the views of their respective authors; their inclusion is not an endorsement of them. CDP, UN Global Compact and WWF and its contributors, their affiliated member firms or companies, or their respective shareholders, members, partners, principals, directors, officers and/or employees, may have a position in the securities of the companies discussed herein. The securities of the companies mentioned in this document may not be eligible for sale in some states or countries, nor suitable for all types of investors; their value and the income they produce may fluctuate and/or be adversely affected by exchange rates.   The views expressed in this publication are not necessarily those of the United Nations (including the UN Global Compact, CDP, WRI and WWF). The inclusion of company examples in this publication is intended strictly for learning purposes and does not constitute an endorsement of the individual companies by the United Nations and authors in this report.   ‘CDP’ refers to CDP Worldwide, a United Kingdom company limited by guarantee, registered as a United Kingdom charity number 1122330.   © 2015 CDP, UN Global Compact, World Wide Fund for Nature. All rights reserved.

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