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  "documentTitle": "Big shifts small steps Sustainability 2022",
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      "text": "The majority of companies link their targets to the 2°C scenario set by the Paris Agreement — that is, to limit global warming to 2°C above pre-industrial levels.",
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      "text": "Figure 21: Linking of corporate carbon reduction targets to external climate goals (2017–2022)",
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      "text": "The majority of companies link their targets to the 2°C scenario set by the Paris Agreement — that is, to limit global warming to 2°C above pre-industrial levels. There was a marked increase in G250 companies referencing the Paris targets between 2020 and 2022, rising from 42 percent to 55 percent.",
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      "text": "Notably, for the first time in the history of the survey, KPMG professionals reviewed how companies intend to achieve their carbon reduction targets — either through emissions reduction, carbon credits, or both. It is reassuring that the majority of companies recognize that they must reduce their own emissions rather than rely solely on carbon credits (as shown on the next page).",
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      "text": "Businesses are increasingly recognizing that they have a role to play in helping to achieve global, regional and national climate targets. Even though nearly one-fifth of G250 companies do not disclose any links to external reference points, the evidence shows that the majority of companies do link their carbon reduction targets to external targets set by governments and others. We see a marked increase in this business practice since 2017 with 71 percent of the N100 and 80 percent of the G250 linking their carbon targets to broader climate goals.",
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      "text": "Base: 3,266 N100 companies and 191 G250 companies that report carbon reduction targets. Source: KPMG Survey of Sustainability Reporting 2022, KPMG International, September 2022",
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