NAT.B14.ED Scope 1 and 2 Greenhouse Gas Emissions 1.5°C Alignment
About the data
This metric was designed by The World Benchmarking Alliance, more information can be found here. Sources and Alignments for each indicator can be found here as well as the scoring guidelines here
The World Benchmarking Alliance's Nature Benchmark measures and ranks the world's most influential companies on their efforts to protect our environment and its biodiversity.
This metric relates to the Indicator: The company reduces its scope 1 and 2 greenhouse gas (GHG) emissions in line with a 1.5- degree trajectory.
Rationale: Biodiversity and climate change are heavily interlinked (CBD, 2009), with conversion and degradation of ecosystems leading to increases in GHG emissions. Subsequently, the effects of climate change are driving further biodiversity loss through increased risk of extinctions and extreme weather events. As such, this indicator focuses on companies' emissions reductions in line with a 1.5- degree trajectory as recommended by the Paris Agreement. Furthermore, the indicator is aligned with the SBTi's interim target to reduce value chain GHG emissions by 50% by 2030, in accordance with sectoral ambitions, and by 90-95% by 2050, in accordance with sectoral ambitions by 2030.
Methodology
WBA analysed all publicly available group-level disclosure in English on the applicable group website, which was predominantly annual reports and sustainability reports. Draft assessments were then sent to each company inviting them to provide feedback. This feedback could include additional publicly available group disclosure published. These were then reviewed and finalised. Final assessments were then shared with each company before being published online.
For this metric company has scope 1 and 2 emission reduction targets aligned with 1.5°C trajectory, approved by the Science Based Targets initiative.