An analysis of more than 300 companies found good news: So far, targets designed to avoid worst-case global warming scenarios are getting results.
For years, companies would announce plans to cut emissions using goals that seemed to be picked more because they were round numbers. In 2015, an initiative started to have companies use “science-based targets,” which were designed to lower emissions at rates needed to curb global warming. But while many companies signed up, it wasn’t clear how quickly they would take action. Similar goals haven’t always worked well—more than 150 companies pledged to end deforestation by 2020 and then failed to meet that goal. But a new analysis suggests that the Science Based Targets initiative (SBTi) is working.