Nearly 240 Major Corporations Miss Pledge Deadline Under SBTi

Nearly 240 Major Corporations Miss Pledge Deadline Under SBTi - Carbon Herald

Almost 240 companies across sectors like tech, medicine, entertainment, and travel have missed a critical deadline to lower pollution worldwide, as pledged through the Science Based Targets initiative (SBTi), The Cool Down has reported.

SBTi partners with organizations to achieve net zero pollution, balancing emitted carbon with removed carbon. However, many companies are falling short.

In March, SBTi announced that 239 corporations would be listed as “commitment removed” due to insufficient progress in pollution reduction.

This status can result from shutdowns or commitment withdrawals but often relates to failing to submit or validate targets within a specified timeframe. The companies had until January 31 to meet the requirements, according to Green Biz.

Notable corporations with the “commitment removed” status include Amazon, Eurostar, Johnson & Johnson, Microsoft, Netflix, Procter & Gamble, Walmart, and Xerox. The full list can be found here.

This deadline is crucial as experts urge action to prevent the Earth from overheating to a point that could cause irreversible damage to communities and the environment.

Relevant: CDR.fyi Finds Just 0.5% Of Companies With SBTi Targets Have Bought Durable Carbon Removal

SBTi emphasizes that companies must reduce pollution from their operations, supply chains, and customers to lower overall pollution levels.

The initiative has highlighted the urgency of significantly reducing carbon pollution by 2030 to mitigate global warming. Strict deadlines and standards ensure consistent corporate efforts to protect the planet.

Despite missing the deadline, these companies can still improve their status as SBTi allows organizations to submit pollution reduction targets at any time. Once validated, the company’s status updates to “targets set.”

Many companies affected have pledged to continue working towards their goals with SBTi’s guidance, according to Green Biz.

For example, Microsoft has said that the removal of their commitment does not alter their ambitious climate goals, and Procter & Gamble has reiterated their focus on credible progress and collaboration for positive climate action.

Companies like Unilever have already resubmitted updated targets for approval.

Read more: SBTi Issues Official Clarification To Its Scope 3 Statement

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