E.ON has pledged to set science-based targets to reduce its emissions and to keep global warming to 1.5°C above pre-industrial levels.
The German energy group will also join the UNFCCC’s ‘Race to Zero’ campaign ahead of COP26.
It has updated its climate targets and these include reducing emissions it can directly influence (Scope 1 and 2) by 100%, becoming carbon-neutral by 2040 and reducing its Scope 3 emissions by 100% by 2050.
Its science-based targets will be reviewed and validated by the Science-Based Targets Initiative (SBTi), which is a partnership between CDP, the UN Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
Leonhard Birnbaum, a Member of the E.ON board, said: “In the fight against climate change and global warming, this year is particularly crucial. The UN climate change conference taking place in November must be a success to meet the commitments of the Paris Climate Agreement and limit global warming to 1.5 degrees.
“E.ON set itself new ambitious climate targets, which are in line with the Paris Agreement. I am very pleased that we are now taking the next logical step and have made a commitment to the Science Based Target Initiative to have our climate targets validated according to scientific criteria.”