- News -
Published November 3, 2020
The World Business Council for Sustainable Development (WBCSD) has made the adoption of science-based targets part of new criteria for companies seeking membership of the organisation.
The updated conditions will mean member companies must have a science-informed plan to achieve net zero greenhouse gas (GHG) emissions by 2050. The conditions also require member companies to adopt higher standards in corporate governance and transparency.
The new criteria are:
The president of the WBCSD, Peter Bakker, said: “Getting the new membership criteria approved was a first major step, now we need to keep the momentum going and step up on the critical work needed for that. The bottom line is that if we don’t radically change in the next decade, there is no point in optimism, because we will run out of time. The work with our members is already ongoing, and coincides with the Vision 2050 refresh – to be published in early 2021 – the purpose of which is to formulate an action agenda for business for 2021-2030 to deliver the change that our planet and people desperately need.”