12 Apr Sbt Paris Agreement
The independent Science Based Targets (SBTi) initiative has scientifically tested Continental`s climate change goals and confirmed that Continental has been proving to be contributing to the goals of the Paris Climate Change Agreement. Scientifically sound goals provide companies with a clear path to sustainable growth, indicating how much and how quickly they must reduce their greenhouse gas emissions. In the 2015 Paris Agreement, 195 governments around the world pledged to prevent dangerous climate change by limiting global warming to a level well below 2 degrees Celsius. This marked an acceleration of the transition to a low-carbon economy. Many companies already show that they have the skills, know-how and level of consent to achieve this, but need ambitious emission reduction targets to ensure that the transformational measures they take are brought into line with current climate science. With the 2015 Paris Agreement, governments around the world agreed to limit global temperature rise to well below 2 degrees Celsius. This agreement is an important step. However, there remains a gaping gap between the current emissions trajectory and that developed to mitigate the worst consequences of climate change. Even if the promised emission reduction policies were fully implemented, this will still not be enough to meet the Paris targets. It will therefore be up to the private sector and other non-state actors to fill the so-called ambition gap, and many companies have already begun to take action. SBTi was founded in 2015 by the CDP (formerly Carbon Disclosure Project), the United Nations Global Compact (UNGC), the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
The independent initiative examines the impact of companies` climate change goals or whether they contribute to the paris climate agreement`s goals – limiting global warming to less than 2 degrees Celsius. Currently, some 1,050 companies worldwide have joined the initiative. More than 500 companies have scientifically tested their climate change goals. The scientific calculation of Continental`s climate change targets has shown that scope 1 and 2 emissions targets help limit global warming to 1.5 degrees Celsius. Scope 3`s objectives are not officially ranked by SBTi, but they meet the criteria for ambitious value chain objectives and meet current best practices.