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Arthur Weissman: In the Light of Human Nature An ecolabeler's reflections on nature, the economy and environmental salvation.
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Method Underway for GHG Target-Setting

April 14, 2014

Campaign groups will demand more ambitious corporate carbon reduction strategies and oversee the progress.

Corporate energy and environmental managers may want to make their presence known at one-day workshops being staged in London and Washington, DC, in May.  Three collaborating environmental groups are inviting input on their plan to foster a standard method for corporations to follow when they set greenhouse gas reduction targets.

The organizers are WWF, CDP (formerly known by the full name, Carbon Disclosure Project), and the Greenhouse Gas Protocol (a collaboration between the World Business Council for Sustainable Development and the World Resources Institute).  They believe businesses are not ambitious enough in their efforts to combat climate change.  So the campaign groups devised the project “Mind the Science, Mind the Gap.”  The concept is to drive bolder decisions and force companies to take on stronger goals based on a path dictated by limiting global warming to 2°C.  (At this juncture many policy-makers in the US and the EU believe the two-degree target is impractical if not impossible to meet.)

The method is going to involve benchmarking against the guidance and increasing the pressure on companies to move with more haste.   Progress will be monitored through a “corporate climate action tracker” in CDP’s annual evaluations.  The Greenhouse Gas Protocol’s  climate analysis indicator tool (CAIT 2.0) might be used to pull information from the CDP database to make the corporate targets more easily available to stakeholders. 

The environmental groups expect to have final versions of the target-setting and methodological guidance ready by the third quarter of this year.  They aspire to have more than 100 multinational companies to be setting targets based on the proposed method by 2018. 

The London workshop is slated for 16 May, 2014 at the Royal Institution of Great Britain.  The World Resources Institute headquarters is the venue for the Washington, DC, meeting on 22 May 2014.  Attendance is limited and will be filled on a first-come first-serve basis. 

For information contact Héctor Cordero Irigoyen, Climate Business Engagement Advisor, Global Climate and Energy Initiative (GCEI), WWF International, Av. du Mont-Blanc, 1196 Gland, Switzerland.  Tel: +52 55 5286 5631; Email: hcordero@wwfmex.org.  Carole Tornay, Senior Partnerships Manager, GCEI, Tel: +41 44 297 22 34; E-mail: carole.tornay@wwf.ch.

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