Number of the week 224 Swiss companies with CO2 reduction targets

224 companies from Switzerland have joined the Science Based Targets Initiative (SBTi). In doing so, they are committing themselves to CO2 reduction targets that are in line with the Paris Climate Agreement.

The majority of companies with SBTi targets are large listed corporations such as ABB, Givaudan, Holcim, Nestlé and Novartis, as well as a number of Swiss SMEs. Over 80 new companies have joined since the beginning of the year.

Only three companies have withdrawn so far: cabling specialist Reichle & De-Massari (R&M), rim manufacturer Ronal and industrial group Sulzer.

The SBTi is a globally active organization that is supported by business associations, environmental organizations and the UN. To date, over 10,000 companies worldwide have joined the initiative.

SDA