Windmills in a field.

Veritas encourages companies to set science-based climate targets

1.10.2021, News and press releases

Veritas Pension Insurance is participating in a campaign by CDP, which encourages large companies to set science-based climate targets. The request has been signed by 220 financial institutions across 26 countries.

“This campaign gives us the opportunity to influence large corporations that have a significant impact on total emissions. When major actors commit to emission reduction targets, it is much easier for smaller ones to follow”, says Eveliina Leino, Sustainability Manager at Veritas.

CDP is an international not-for-profit organisation that gathers annual data on corporate greenhouse gas emissions and climate change actions.

This time, CDP’s campaign is aimed at 1,600 companies whose combined emissions total 11.9 gigatonnes. The campaign calls on these companies to do their part to help limit global warming to 1.5 degrees Celsius.

“Climate targets should be commensurate and science-based. It should not be like a magical candy shop, with each company picking whatever target suits them best”, says Kari Vatanen, Chief Investment Officer at Veritas.

Read more:

• CDP press release: Financiers with $29 trillion ask 1,600 companies for science-based targets ahead of COP26 (29.9.2021)