Table of Contents

Corporate Greenhouse Gas Reduction Targets

Foreword        ii

Executive Summary           iii

I. Introduction       1
          A. Methodology           1
          B. Overview           2

II. Reasons Companies Adopt Climate-Related Targets      4
         A. Drivers of Corporate Environmental Performance     4
         B. Drivers of Companies’ Climate-Related Targets     7
         C. Drivers of Case Study Companies’ Climate-Related Targets     10
         D. Lessons Learned     11

III. Choice of Target Type and Level         13
         A. Types of Targets     13
         B. BELC Companies’ Targets     14
         C. Choosing a Target Type     16
         D. Setting the Target Level     18
         E. Lessons Learned     20

IV. The Action Plan         21
         A. Macro Design Decisions     21
         B. Case Study Company Action Plans     24
         C. Implementation     26
         D. Assessment of Results     27
         E. Summary of Results Achieved to Date    29
         F. Lessons Learned     29

V. Communications       30
        A. Communicating with the Public     30
        B. Communicating with Employees     32
        C. Communicating with Governments    33
        D. Communicating with the Investment Community     33
        E. Lessons Learned     34

VI. Conclusions      35

Annex 1: Case Studies        37
         ABB Asea Brown Boveri (ABB)     37
         Entergy     43
         International Business Machines (IBM)    47
         Shell    53
         Toyota Motor Manufacturing North America (TMMNA)     57
         United Technologies Corporation (UTC)     61

Annex 2: Selected Companies with Climate-Related Targets    66

Endnotes     71