Orkla Does Well in the Climate Change Leadership Category

Orkla 2020

writer icon Tormod Birch     Orkla   |   Sustainability     🕐 06. Feb. 2020

The investor initiative CDP ranks Orkla among the best-listed companies when it comes to climate change leadership. Orkla has reduced its greenhouse gas emissions by over 50 percent in the past five years.

In 2019, 8 400 of the world’s largest companies reported on their climate performance to CDP. Of these, Orkla was one of 10 Norwegian companies who received a high ranking, scoring an A-. This means that the company takes a leadership role in addressing climate risks and has implemented best practices.

“We are delighted to have been awarded a top score, a ranking that will spur us to continue our efforts. There is an urgent need to find solutions to climate change challenges. Orkla has therefore set science-based climate change targets and will take its share of responsibility for limiting global temperature rise to a maximum of 1.5 degrees,” says Inger Johanne Eikeland, Senior Vice President EHS at Orkla.

Early Goals
Orkla has reported to CDP since 2008, prompting Orkla to set increasingly ambitious targets and continuously develop its climate change strategy to meet external demands and expectations.

Business Mobilisation
To achieve the 1.5ºC climate target Orkla has halved its greenhouse gas emissions in the last five years and set science-based climate targets.

Along with many other international companies, Orkla backs the UN Global Compact campaign, “Business Ambition for 1.5°C: Our Only Future,” Orkla states in a press release on the matter.

General Ambition
The aim is to mobilise businesses to raise their climate ambitions and set science-based climate targets in alignment with the 1.5ºC target.

In 2019, a total of 8 400 of the world’s largest companies disclosed their climate performance to CDP, an increase of 20 percent from the previous year.

Globally, 530 companies were awarded the score of A/A-. CDP’s assessment attaches importance to companies’ ability to reduce their greenhouse gas emissions, set meaningful targets and monitor progress.

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