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09/22/2021

Procter & Gamble, Nespresso join pledge to cut emissions

Consumer goods business  Other new members include computer-maker HP, telecoms company  Together, the companies aim to cut nearly 2 billion metric tons of carbon dioxide by 2040— more than 5% of the current global total.
Reduce greenhouse gas emission for climate change and sustainable development
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Consumer goods business Procter & Gamble and coffee capsule company Nespresso and , have joined a corporate pledge to sharply cut their greenhouse gas emissions over nearly two decades.

The Climate Pledge, a grouping of companies and organizations spearheaded by Amazon, said Monday it had signed up 86 new members for its voluntary measures. In total, the group now has 201 members with global annual revenues of more than US$1.8 trillion, it said.

Other new members include computer-maker HP, telecoms company BT, truck-maker Scania and the Selfridges department store chain.

Together, the companies aim to cut nearly 2 billion metric tons of carbon dioxide by 2040— more than 5% of the current global total.

While the group's members are encouraged to eliminate as many emissions as possible, those that can't be avoided need to be completely offset in the next two decades. That means paying for measures to ensure as many emissions are absorbed by then as the companies continue to emit.

Scientists say the world needs to achieve "net zero" emissions by 2050 if it wants to meet the Paris Climate Accord's goal of keeping temperatures from rising more than 1.5 degrees Celsius by the end of the century compared to pre-industrial times.