– Almost 90 big companies in sectors from food to cement to telecommunications are pledging to slash their greenhouse gas emissions in a new campaign to steer multi-nationals towards a low-carbon future, organizers said on Sunday.
“Now we need many more companies to join the movement, sending a clear signal that markets are shifting,” UN Secretary-General Antonio Guterres said in a statement. Others have stopped short of committing to go carbon neutral but say they will align their operations with a goal of limiting the increase in average global temperatures to 1.5 degrees Celsius enshrined in the 2015 Paris Agreement.
With fossil fuel companies still developing new oil and gas fields and many developing countries expanding coal-fired power, the coalition’s pledges are minuscule relative to rising global emissions.