Nov 5 (Reuters) – Hundreds of companies around the world have promised to cut carbon emissions, but the deadlines they have set are years away and it is hard to tell if it is enough.
According to scientists at the United Nations, the world’s net emissions must drop to zero by 2050 to limit the rise in global temperature to no more than 1.5 degrees Celsius, compared with pre-industrial levels.
Following is a gist of some of the targets set by global companies as world leaders and officials meet at the U.N. climate gathering in Scotland.
Moderna (MRNA.O)
** Targets net-zero carbon emissions globally by 2030
BBVA (BBVA.MC)
** Pledges to achieve net-zero emissions by 2050 and expects to channel 200 billion euros between 2018 and 2025 in sustainable financing
Salesforce.com (CRM.N)
** Pledges $100 million funding in grants over the next 10 years to nonprofits working on ecosystem restoration and climate justice
Jones Lang LaSalle Inc (JLL.N)
** JLL commits to reach net-zero greenhouse gas emissions across the value chain by 2040
** Says it will invest $1 billion over the next 20 years to accelerate its environmental goals, including new commitments to achieve carbon neutrality by 2050, reduce water use 25% by 2030 [USN:[nPnbSBnsWa]]
** Targets reducing its funding to carbon intensive sectors by 2030, as part of a broader goal to reach net zero emissions for itself and its clients by 2050 [USN:L1N2RO1J3]
** Raises $673 million for an infrastructure fund to invest in climate-focused projects such as renewable energy in emerging markets [USN:L1N2RT1CQ]
Qantas Airways Ltd (QAN.AX)
** Says working to develop a 2030 emissions target [USN:L4N2RG4PH]
TC Energy Corp (TRP.TO)
** Targets net-zero emissions from its operations by 2050 [USN:L4N2RM3FU]
Saudi Aramco
** Aims to achieve net zero emissions from its operations by 2050, while also expanding its maximum sustained production capacity to 13 million barrels per day [USN:L1N2RJ06S]
Rio Tinto (RIO.AX)
** Announces a $7.5 billion plan to reduce carbon emissions by 50% by 2030 [USN:L4N2RG1H7]
Amazon.com Inc (AMZN.O)
** Commits to use zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonisation in the maritime sector [USN:L8N2RE1TK]
Mitsubishi Corp (8058.T)
** Aims for net zero greenhouse gas emissions by 2050
Boeing (BA.N)
** Targets delivering commercial airplanes capable of flying on 100% biofuel by the end of the decade
Southwest Airlines Co (LUV.N)
** Plans to modernize its fleet with more fuel-efficient Boeing 737 MAX 7 and 8 aircraft [USN:[nPn9gBKlca]]
Royal Dutch Shell (RDSa.L)
** Reduce Scope 1 and 2 emissions from operated assets by 50% by 2030 vs 2016 in absolute terms
McDonald’s (MCD.N)
** Targets cutting global GHG emissions to net zero by 2050 ** Aims to lower absolute emissions by about a third for both its suppliers and its nearly 40,000 restaurants around the world by 2030 [USN:L1N2R1157]
Chevron (CVX.N)
** Chevron commits to net zero emissions by 2050, to cut upstream scope 1, 2 emissions
Dow (DOW.N)
** Expects to boost its core earnings by $3 billion a year over the next decade, with investments that include building a new net-zero carbon emissions facility [USN:L4N2R21ZH]
AT&T (T.N)
** Sets target to help businesses collectively reduce a gigaton of GHG emissions — 1 billion metric tons by 2035
Chubb
** Sets new goal to achieve carbon neutrality in its global operations by 2022 end through a combination of renewable energy and carbon offset purchases
United Airlines (UAL.O)
** Plans to use about 3.4 mln gallons of low-carbon, sustainable aviation fuel derived from trash in 2021 vs roughly 1 mln gallons used each year since 2016 [nL1N2M61A6]
Clorox (CLX.N)
** Targets net-zero carbon emissions by 2050, Scope 1 & 2 by 50% by 2030, Scope 3 by 25% by 2030
Anglo American (AAL.L)
** Reduce emissions by 30% by 2030 and achieve net zero by 2040, reduce the abstraction of freshwater in water scarce regions by 50% by 2030 from 2016 levels
Energize Program
** Ten pharmaceutical companies are joining forces to cut indirect emissions through green power procurement, which in turn will reduce the participating companies’ Scope 3 emissions
Chipotle Mexican Grill Inc (CMG.N)
** To reduce absolute scope 1, 2 and 3 greenhouse gas emissions by 50% by 2030 from a 2019 base year [USN:[nPn9NF5g1a]]
Glencore (GLEN.L)
** Reduce GHG emissions by 50% by 2035 compared to 2019 levels and achieve net zero by 2050-end
GHG – Greenhouse gases Scope 1 – Direct emissions Scope 2 – Indirect emissions Scope 3 – Indirect emissions produced by co, products, supply chain
Source:- Company statements, filingsReporting by Sweta Singh, Dania Nadeem, Manojna Maddipatla and Arunima Kumar in Bengaluru; Editing by Arun Koyyur, Aditya Soni and Anil D’Silva
