(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 to pre-industrial levels.
Following is a gist of some of the targets set by global companies ahead of the upcoming U.N. climate gathering in Scotland.
Boeing ** Targets delivering commercial airplanes capable of flying on 100% biofuel by the end of the
decade
** Says reducing environmental damage from fossil fuels the “challenge of our lifetime”
Royal Dutch Shell ** Plans to build a biofuel facility in the Netherlands to help achieve its target of net-zero
carbon emissions by 2050** To sell Permian Basin assets to ConocoPhillips, exiting the largest
U.S. oilfield and focus on clean energy transition
McDonald’s ** Looks at beef in burgers to light bulbs to cut 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
Chevron ** Chevron commits to net zero emissions by 2050, to cut upstream scope 1,2 emissions
** Pledges to triple low-carbon investment through 2028
Dow ** 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
** Signs eight new renewable power purchase pacts across Europe and Americas
AT&T ** Sets target to help businesses collectively reduce a gigaton of GHG emissions — 1 billion
metric tons by 2035
** To work with businesses including Microsoft, Equinix and Duke Energy and research
universities to deliver broadband-enabled climate solutions
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 ** 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
** Airlines have used sustainable fuel since 2008 as part of efforts to reduce emissions, but so
far this represents barely 1% of the fuel used worldwide
Clorox ** Targets net-zero carbon emissions by 2050, Scope 1 & 2 by 50% by 2030, Scope 3 by 25% by 2030
Anglo American ** 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
** Spinoff South Africa thermal coal ops in 2021 to help reduce Scope 3 by 25%
Glencore ** Reduce GHG emissions by 50% by 2035 compared to 2019 levels and achieve net zero by 2050 end
** Managed depletion of coal mines by mid-2040s
GHG – Greenhouse gasesScope 1 – Direct emissionsScope 2 – Indirect emissionsScope 3 – Indirect emissions produced by co, products, supply chain
Source:- Company statements, filings
(Reporting by Sweta Singh, Dania Nadeem and Arunima Kumar in Bengaluru; Editing by Arun Koyyur)
