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eBay strengthens commitment for climate action
eBay have recently announced that they are strengthening their commitment for climate action. The marketplace has joined The Science Based Targets initiative, an effort that aims to raise corporate ambition and help businesses pursue bolder climate change solutions and have published their first Task Force on Climate-Related Financial Disclosures (TCFD) report, to help reinforce their increased momentum toward climate transparency and action.
Science Based Targets Commitment
Through the Science-based targets, initiative companies can see how much and how quickly they need to reduce their greenhouse gas (GHG) emissions to prevent the worst effects of climate change and as a way to transfer to a low-carbon economy. eBay will be joining over 1,100 other companies in setting a science-based carbon reduction target in line with keeping a rise in global temperatures to less than 2 degrees Celsius.
Task Force on Climate-Related Financial Disclosures Report
The Task Force on Climate-Related Financial Disclosures (TCFD) was created by the Financial Stability Board — an international organization that monitors and provides recommendations about the global financial system — to provide a consistent set of recommendations for corporations to improve and increase reporting of climate-related financial information. To better understand eBay’s climate-related risks and opportunities, they adopted the TCFD recommendations and released our first TCFD report, underscoring our commitment to transparency on climate action.
“We constantly strive to find ways to further strengthen our corporate responsibility goals as we work toward creating a healthier planet for all. I am proud of our commitment to ensure a sustainable and resilient future for our global community.”
– Jamie Iannone, President and CEO, eBay