Undertaken By: Carbon Disclosure Project (CDP) India, World Wide Fund for Nature (WWF) India, Recent Publication: 2020
Most greenhouse gas (GHG) emissions in India are directly or indirectly related to the corporate (both public and privately-owned) sector and their full cooperation is required for India to meet its NDC commitments. Science-based targets (SBTs) provide companies with a clearly defined pathway to future-proof growth by specifying how much and how quickly they need to reduce their greenhouse gas emissions. Targets adopted by companies to reduce GHG emissions are considered “science-based” if they are in line with the level of decarbonization required to keep global temperature increase below the IPCC 2-degree climate target.
Many companies are already demonstrating they have the desire and expertise to make this a reality; but they first need ambitious emissions reduction targets that ensure the transformational action they take is aligned with current climate science. SBTs have been shown to drive innovation, strengthen investor confidence, reduce regulatory uncertainty, and improve profitability.