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The move is forecast to reduce around 2.5 million metric tonnes of greenhouse gas emissions by 2040
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The target includes emissions from suppliers, employee commuting and business travel
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Eligible companies need to have ambitious net zero commitments by 2050 or earlier, with a credible short term action plan to accomplish this
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The IEA has noted a 23% decline in the EU’s greenhouse emissions in 2019 from 1990
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Businesses must meet renewable purchase obligations (RPO) targets of 21% by 2022
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The sector is delivering around 25% of the UK’s total renewable generation capacity
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