Recently, a group of investors joined together to form Carbon Action, an investor-led initiative that engages with companies to make year-on-year emissions reductions, implement carbon reduction emissions and set targets. This targeted engagement has led to more than half of 256 targeted companies setting tougher targets for emissions. Companies with targets have been shown to achieve year-over-year absolute reductions in CO2e of more than double the rate of companies without targets, as-well as being 10% more profitable than those without targets.