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SCOTIABANKS EMISSIONS REDUCTION TARGET IN THE AUTOMOTIVE SECTOR October 2023Scotiabanks NetZero Financed Emissions Reduction Target | 1Table of Contents INTRODUCTION ......................................................................................................................................
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Climate action and net-zero are efforts to reduce greenhouse gas emissions in order to combat climate change. Net-zero refers to achieving a balance between the amount of emissions produced and removed from the atmosphere, resulting in no net increase in emissions.
Companies, organizations, and individuals who are committed to reducing their carbon footprint are required to file climate action and net-zero reports.
To fill out climate action and net-zero reports, organizations need to collect data on their greenhouse gas emissions, set reduction targets, and implement strategies to achieve those targets.
The purpose of climate action and net-zero reports is to track progress towards reducing greenhouse gas emissions and meeting climate goals set by international agreements such as the Paris Agreement.
Information such as total greenhouse gas emissions, emission reduction targets, progress towards those targets, and strategies for achieving them must be reported on climate action and net-zero reports.
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