EU companies with ambitious emission reduction targets approved by the Science Based Targets initiative can help bridge the gap to meet the Paris climate goals. A study compared these targets to EU regulations and found that companies with stricter targets could reduce emissions by 4% to 14% by 2030. Companies regulated by the Emissions Trading System show higher estimated reductions compared to those under the Effort Sharing Regulation. The analysis highlights the importance of detailed policies in assessing the impact of voluntary targets on emissions reductions.