Large companies operating in many geographic regions are decoupling their growth strategies from carbon-based energy. The momentum is coming from companies in diverse sectors – Energy, ICT, Retail, Consumer Goods, Financial Services, Automotive and more. Track 0’s 2015 report on ‘The business case for adopting the long term goal for net zero emissions’ highlights the commitments, targets and actions initiated by the business sector in early 2015. These companies are showing that the pathway to a low-carbon economy offers desirable business outcomes – prosperity, innovation and growth – and are incorporating a long-term target into their short-term strategies. According to the CDP report, “Unlocking Ambition And Driving Innovation”, the companies reporting to CDP that have set long term or science-based targets are not only ensuring their actions are compatible with keeping global temperature rise well below 2ºC, they are also realising stronger returns on their investments than peers, fuelling further action in their sectors and supply chains.
Since then, a total of 182 companies have committed to getting to zero by 2050 or 100% renewable energy. Roughly 31 new companies made this commitment between November 2015 and March 2016, and 20 companies augmented their existing targets with further ambition. As the summary table below indicates, significant momentum and support was generated in the business world in the lead up to the Sustainable Development Goals and the Paris COP21 conferences. A 50% increase in businesses with targets compatible with ‘well-below 2ºC’ can be observed from August 2015 to March 2016.
**What’s New??**
Total numbers of new businesses and commitments are summarised in the table below. The full table below was last updated in March 2016, all new businesses added since November 2015 are highlighted in orange.
Summary Table: How many businesses and targets have been added since the last update?
| February – April 2015 | April – August 2015 | August – November ’15 | Nov 2015 – March 2016 | |
| Number of businesses added | +34 | +2 | +72 | +31 |
| Number of commitments added to businesses already committed | +12 | +10 | +4 | +20 |
|
Total Businesses Committed: |
85 | 87 | 151 | 182 |
Full Table: All Business Commitments to Long-term Goals
| Sector/Company | Stated Long-term Goal | |||
| Net zero/ carbon neutral by 2050 or before 2100 | GHG reduction target in line with limiting global warming to 2ºC | 100% Renewable Energy target | ||
| Energy | ||||
| 1. | E.on | |||
| 2. | NRG Energy Inc. | |||
| 3. | Verbund | |||
| 4. | Iberdrola Holdings | |||
| 5. | CLP Holdings Ltd | |||
| 6. | National Grid UK | |||
| 7. | Exelon Corporation | |||
| 8. | General Electric | |||
| 9. | Delta Electronics | |||
| 10. | Eneco | |||
| 11. | Enel | |||
| 12. | Gas Natural Fenosa | |||
| 13. | Infigen Energy | |||
| 14. | MVV Energy | |||
| 15. | Siemens | |||
| 16. | SSE | |||
| 17. | Energy Optimizers, USA | |||
| 18. | AGL Energy | |||
| 19. | Avant Garde Innovations | |||
| 20. | Origina Energy | |||
| 21. | Vestas | |||
| Consumer Goods | ||||
| 22. | Colgate-Palmolive | |||
| 23. | Johnson & Johnson | |||
| 24. | Kering | |||
| 25. | Kirin Holdings | |||
| 26. | Mars | |||
| 27. | Natura | |||
| 28. | Nestle | |||
| 29. | L’Oreal | |||
| 30. | Tiger Brands | |||
| 31. | Unilever | |||
| 32. | Royal Philips | |||
| 33. | Maeda Japan | |||
| 34. | KAO Corporation | |||
| 35. | Royal DSM | |||
| 36. | Broad Group | |||
| 37. | Givaudan | |||
| 38. | Diageo Plc | |||
| 39. | KAO Corporation | |||
| 40. | Tennant Company | |||
| 41. | BillerudKorsnäs | |||
| 42. | LEGO Goup | |||
| Pharmaceuticals | ||||
| 43. | GlaxoSmithKline | |||
| 44. | Procter & Gamble | |||
| 45. | AstraZeneca | |||
| 46. | biogen | |||
| 47. | Almirall SA | |||
| 48. | Novo Nordisk | |||
| Retail | ||||
| 49. | Ikea | |||
| 50. | Marks & Spencer | |||
| 51. | Walmart | |||
| 52. | Tesco | |||
| 53. | H&M | |||
| 54. | Yoox Group | |||
| 55. | Pick ‘n Pay Stores | |||
| 56. | Herman Miller USA | |||
| 57. | Tesco UK | |||
| 58. | Kohl Corporation | |||
| 59. | Nike | |||
| 60. | Starbucks | |||
| 61. | Steelcase | |||
| 62. | Tiffany & Co. | |||
| 63. | Mills Office Productivity | |||
| 64. | Woolworths Holdings Ltd. | |||
| 65. | Xerox Corporation | |||
| ICT | ||||
| 66. | Amazon Web Services | |||
| 67. | Apple Corporation | |||
| 68. | BT Group | |||
| 69. | Konica Minolta | |||
| 70. | Royal KPN | |||
| 71. | SAP | |||
| 72. | Ricoh Co Ltd | |||
| 73. | Wipro | |||
| 74. | EMC USA | |||
| 75. | Microsoft Corporation | |||
| 76. | Bloomberg | |||
| 77. | Autodesk Inc. | |||
| 78. | Cisco Systems | |||
| 79. | Hewlett Packard | |||
| 80. | Infosys | |||
| 81. | ||||
| 82. | Salesforce | |||
| 83. | Atos | |||
| 84. | Dell | |||
| 85. | Sopra Steria | |||
| 86. | Intuit | |||
| 87. | RELX Group | |||
| 88. | Adobe | |||
| 89. | Commercial Group | |||
| 90. | ||||
| Automotive | ||||
| 91. | Nissan | |||
| 92. | Honda Motor | |||
| 93. | Bridgestone | |||
| 94. | Ford Motor Company | |||
| 95. | Renault | |||
| Industrial | ||||
| 96. | Philips | |||
| 97. | Interface Inc | |||
| 98. | Vaisala | |||
| 99. | Alcoa | |||
| 100. | China Steel | |||
| 101. | Gestamp | |||
| Publishing | ||||
| 102. | Reed Elsevier Group | |||
| Financial Services | ||||
| 103. | Goldman Sachs | |||
| 104. | Swiss Re | |||
| 105. | Commerzbank | |||
| 106. | J. Safra Sarasin | |||
| 107. | AXA Group | |||
| 108. | Principal Financial Group | |||
| 109. | T. Sinai Kalkinma Bankasi | |||
| 110. | NKSJ Holdings | |||
| 111. | Bank of Montreal | |||
| 112. | TD Bank Group | |||
| 113. | Voya Financial | |||
| 114. | GreenStep Solutions | |||
| 115. | ING Group | |||
| 116. | Teachers Mutual Bank | |||
| 117. | Westpac | |||
| 118. | Sharp Six | |||
| 119. | Insurance Australia Group | |||
| 120. | Bankia | |||
| 121. | Mediobanca | |||
| 122. | Hannover Rück | |||
| 123. | Aviva | |||
| 124. | Nordea | |||
| 125. | UBS | |||
| Auditing, Certification & Verification | ||||
| 126. | SGS | |||
| 127. | KPMG UK | |||
| Motorsport | ||||
| 128. | Formula E | |||
| Construction | ||||
| 129. | Morgan Sindall Group | |||
| 130. | Marshalls UK | |||
| 131. | Pennon Group | |||
| 132. | Obayashi Corp. | |||
| 133. | Kingspan Group Plc. | |||
| 134. | Rockwool International | |||
| 135. | Broad Group | |||
| 136. | Elion | |||
| 137. | Senior | |||
| 138. | Travis Perkins | |||
| Food & Drink Services | ||||
| 139. | Sodexo | |||
| 140. | Kirin Holdings Co. | |||
| 141. | Brown Forman Corporation | |||
| 142. | General Mills | |||
| 143. | Diageo Plc | |||
| 144. | Givauden | |||
| 145. | Elopak | |||
| 146. | Aditya Birla Chemicals | |||
| 147. | Coca Cola Enterprises | |||
| 148. | ICA Gruppen | |||
| 149. | Kellogg Company | |||
| 150. | Pukka Herbs | |||
| 151. | Crown Prince | |||
| 152. | IFF Research | |||
| Communications | ||||
| 153. | Dentsu Inc | |||
| 154. | BT Group | |||
| 155. | Proximus | |||
| 156. | Econet | |||
| 157. | La Poste | |||
| 158. | CTT – Spanish Postal Service | |||
| 159. | Sony | |||
| 160. | Swiss Post Solutions | |||
| Travel | ||||
| 161. | TUI Travel | |||
| 162. | International Consolidated Airlines Group Spain | |||
| 163. | Air Canada | |||
| 164. | Qantas Airways | |||
| 165. | British Airways | |||
| 166. | Virgin | |||
| 167. | National Express Group | |||
| 168. | TAV Airports | |||
| 169. | Thalys | |||
| 170. | Deutsche Bahn | |||
| Tobacco | ||||
| 171. | Philip Morris International | |||
| Real Estate | ||||
| 172. | Alstria | |||
| 173. | Land Securities | |||
| 174. | Fabege | |||
| Entertainment | ||||
| 175. | Caesars Entertainment | |||
| 176. | Origin | |||
| Waste | ||||
| 177. | 505-Junk | |||
| 178. | Green Coast Rubbish | |||
| Logistics | ||||
| 179. | Novex Delivery Solutions | |||
| Marketing | ||||
| 180. | Aimia | |||
| 181. | JCDecaux | |||
| Education | ||||
| 182. | Pearson | |||
| TOTAL: 182 Companies | ||||
| Information sources: CDP & Climate Group Unlocking Ambition 2016 report and Driving Innovation, CDP 2014 Leaders Index, RE100 2016 Report, The B Team and companies own published sustainability reports and media releases | ||||
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