L’Oreal and Electrolux today (17 April) joined the likes of McDonald’s and Sony in aligning their emission goals with the 2°C target of the Paris Agreement on climate change.

103 global companies have now signed up to emission reduction goals in line with what climate scientists say is required to prevent dangerous global warming, said the Science Based Targets initiative (SBTi), a collaboration between CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

The 100+ companies’ combined emissions are equal to the annual CO2 emissions from 100 coal-fired power plants, representing US$3.4 trillion in market value, roughly equivalent to the London Stock Exchange, the SBTi said in a statement.
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