With climate clock ticking, companies scramble to set green targets

Hundreds of companies around the world have promised to cut carbon emissions, but the deadlines they have set are years away and it is hard to tell if it is enough.

According to scientists at the United Nations, the world's net emissions must drop to zero by 2050 to limit the rise in global temperature to no more than 1.5 degrees Celsius compared to pre-industrial levels.

Following is a gist of some of the targets set by global companies ahead of the upcoming U.N. climate gathering in Scotland.

Boeing ** Targets delivering commercial airplanes capable of flying on 100% biofuel by the end of the

decade

** Says reducing environmental damage from fossil fuels the "challenge of our lifetime"

Royal Dutch Shell ** Plans to build a biofuel facility in the Netherlands to help achieve its target of net-zero

carbon emissions by 2050** To sell Permian Basin assets to ConocoPhillips, exiting the largest

U.S. oilfield and focus on clean energy transition

McDonald's ** Looks at beef in burgers to light bulbs to cut global GHG emissions to net zero by 2050**

Aims to lower absolute emissions by about a third for both its suppliers and its nearly 40,000

restaurants around the world by 2030

Chevron ** Chevron commits to net zero emissions by 2050, to cut upstream scope 1,2 emissions

** Pledges to triple low-carbon investment through 2028

Dow ** Expects to boost its core earnings by $3 billion a year over the next decade, with

investments that include building a new net-zero carbon emissions facility

** Signs eight new renewable power purchase pacts across Europe and Americas

AT&T ** Sets target to help businesses collectively reduce a gigaton of GHG emissions - 1 billion

metric tons by 2035

** To work with businesses including Microsoft, Equinix and Duke Energy and research

universities to deliver broadband-enabled climate solutions

Chubb ** Sets new goal to achieve carbon neutrality in its global operations by 2022 end through a

combination of renewable energy and carbon offset purchases

United Airlines ** Plans to use about 3.4 mln gallons of low-carbon, sustainable aviation fuel derived from

trash in 2021 vs roughly 1 mln gallons used each year since 2016

** Airlines have used sustainable fuel since 2008 as part of efforts to reduce emissions, but so

far this represents barely 1% of the fuel used worldwide

Clorox ** Targets net-zero carbon emissions by 2050, Scope 1 & 2 by 50% by 2030, Scope 3 by 25% by 2030

Anglo American ** Reduce emissions by 30% by 2030 and achieve net zero by 2040, reduce the abstraction of

freshwater in water scarce regions by 50% by 2030 from 2016 levels

** Spinoff South Africa thermal coal ops in 2021 to help reduce Scope 3 by 25%

Glencore ** Reduce GHG emissions by 50% by 2035 compared to 2019 levels and achieve net zero by 2050 end

** Managed depletion of coal mines by mid-2040s

GHG - Greenhouse gasesScope 1 - Direct emissionsScope 2 - Indirect emissionsScope 3 - Indirect emissions produced by co, products, supply chain

Source:- Company statements, filings