The global climate change agenda is entering a critical phase. Negotiations are increasingly geared towards reaching a universal climate change agreement at the UN Climate Change Conference (COP21/CMP11) in Paris in December 2015. In tan-dem, the Post-2015 Development Agenda is moving into a crucial phase and Govern-ments are expected to agree upon a set of global sustainable development goals in September 2015. Corporate target-setting aligned with these goals can be a key mechanism for businesses to dem-onstrate their commitment to addressing climate change and advancing the global development agenda. Leading companies are now taking action to mitigate climate-related risks and capture the economic opportunities from a low-carbon transition – consistent with the international target of limiting global warming to less than 2°C compared to pre-industrial temperatures.