International environmental organization CDP and a group of over 300 financial institutions and multinational companies with a total of $37 trillion in assets have started a campaign asking the world’s highest-emitting companies to set climate targets aligned with the goal to limit global temperature rise to 1.5°C.
The campaign is supported by major financial institutions such as Allianz Global Investors, AXA Group, Crédit Agricole and UBS, together with 45 multinational firms such as PepsiCo, Astra Zeneca, and Schneider Electric.
As part of the initiative, CDP sent letters to more than 1,000 companies, asking them to set emissions reduction goals approved through the Science Based Targets initiative (SBTi).
Read more: Who Are The Companies Responsible For Most Greenhouse Gas Emissions?
