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ust 18 months after its launch, the Science Based Targets initiative announced that 200 companies have committed to set emissions reduction targets consistent with the global effort to keep temperatures well below the 2-degree threshold. In the past year, the initiative has seen a growth rate of over 2 companies per week committing to set science-based targets, far exceeding the project's timeline and signaling that climate action has gained tremendous momentum in the private sector.

The Science Based Targets initiative is celebrating a major milestone: over 100 companies have turned their commitments into targets and are now working towards emission reductions in line with what climate science says is necessary to limit warming to below 2°C.

Hewlett Packard Enterprise has adopted a science-based goal to cut its operational GHG emissions by 25% by 2025 from 2015 baseline levels. The goal has been verified and approved by the Science Based Target initiative. MORE »

As the annual Climate Week NYC launches today, more companies are announcing their commitment to carbon emissions reduction targets. And they are doing so through using the guidelines set by the Science Based Targets initiative, which provides a framework that its supporters say can help companies stay competitive while doing their part to mitigate climate change.

Kering has committed to a science-based goal to cut its direct and indirect emissions by 50% by 2025, becoming the first luxury company to do so. The goal has been verified and approved by the Science Based Target initiative.

The Science Based Targets initiative announced that 155 companies are now participating in its program to establish emissions goals in line with what scientists say is necessary to keep global warming below the 2 degrees Celsius threshold.

In an announcement at the United Nations COP21 global climate talks in Paris, a total of 114 companies have joined a Science Based Targets initiative orchestrated in partnership with CDP, the World Wildlife Fund and the U.N. Global Compact.

In a recent GreenBiz webcast, a panel of experts - including strategists from General MIlls, Kering and McDonald's - explained why going big on sustainability goals is increasingly a smart business strategy, as well as a good stewardship policy. They discussed the intersection of today's major frameworks, such as science-driven goal setting, the Science-Based Targets initiative (SBTI), planetary boundaries, Sustainable Development Goals, and more, and provided concrete business cases from several organizations on how they are conducting this transition.

Ushering the economy towards a more circular, sustainable model, global brands such as L'Oréal and PepsiCo are striking up new partnerships aimed at initiating change both at home and abroad, proving that there is indeed strength in numbers. L'Oréal and SUEZ have joined forces to improve environmental performance and optimize resource management throughout L'Oréal's value chain, while PepsiCo has developed a new Science-Based Target Initiative-approved target for GHG emissions.

Kellogg has announced new science-based emissions targets to reduce greenhouse gas emissions across its operations 65 percent and help its suppliers reduce their emissions 50 percent by 2050 against a 2015 baseline.

Corporate sustainability reporting desperately needs to up its game in order to align company-level sustainability performance with the broader systems-level ambitions of the 2030 Agenda for Sustainable Development and COP21, the UN climate change conference, according to a new report from the UNEP. For example, while 95% of the 108 companies researched in the report disclose their greenhouse gas (GHG) emissions, only a mere 8% set GHG emissions reduction goals in the context of the science-based target of limiting global warming to 2 degrees Celsius - the central goal of COP21.

Kellogg has announced new science-based emissions targets to reduce greenhouse gas emissions across its operations 65 percent and help its suppliers reduce their emissions 50 percent by 2050 against a 2015 baseline.

Over the last 12 months, challenges around addressing sustainability issues have featured consistently in global headlines. Despite mixed political messages about our transition to a low-carbon future, the private sector has continued to drive sustainability up the business agenda; from Science Based Targets (SBTs) and Sustainable Development Goals (SDGs) to increased investor scrutiny over Non-Financial Reporting. Here are eight key topics from around the world which will likely shape sustainability during 2018.

NRG Energy introduced additional sustainability goals, which build on its science-based absolute GHG reduction goals set in 2014. The goals include: reducing water use 40% by 2030, reducing supply chain carbon and water intensity 25% by 2025, increasing recycling rate of coal combustion residuals 30% by 2022, and helping customers avoid 120 million metric tons of CO2-equivalent emissions by 2020.

Today, Walmart is taking the next step in its 11-year sustainability journey, as CEO Doug McMillon announces a series of 2025 goals. For the first time, the company is putting some hard targets and timetables on what had previously been largely aspirational goals. It's a big step forward.