Firms commit to target to cut carbon emissions
Print Edition
KELLOGG, Sony, Coca-Cola Enterprises and a group of other companies have committed to targets certified by independent assessors to cut their carbon emissions, they said yesterday.
The initiative came as negotiators gathered in Paris try to reach an accord on reducing greenhouse gas emissions, and is intended to go beyond the often vague promises of corporate action on the issue.
UN Global Compact, a voluntary United Nations scheme, and non-governmental organizations including the US-based World Resources Institute have been trying to coax business to set carbon goals since the Kyoto Protocol in 1997.
The WRI and its partner organizations said more than 100 companies had committed within the next two years to set targets, assessed on the basis of UN standards as a meaningful contribution to warding off a global average temperature rise of over 2 degrees Celsius, viewed as a threshold for potentially catastrophic climate change.
Coca-Cola Enterprises (the European bottling partner of Coca-Cola Co), Dell, Enel, General Mills, Kellogg, NRG Energy, Procter & Gamble, Sony and Thalys have already had goals approved equating to nearly 2 billion barrels of oil not burned over the lifetime of their targets.
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