28 business with combined market cap of $1.3 trillion action up to brand-new level of environment aspiration

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NEWS RELEASE.

The following is a joint news release from the United Nations Global Compact, the Science Based Targets effort (SBTi) and the We Mean Company union..

28 business with combined market cap of $1.3 trillion action up to brand-new level of environment aspiration.

Ahead of the UN Environment Action Top, business devote to set 1.5 ° C environment targets lined up with a net-zero future, challenging Federal governments to match their aspiration.

UNITED NATIONS, New York City, 23 July 2019– Twenty-eight business with an overall market capitalization of $1.3 trillion are stepping up to set a brand-new level of environment aspiration in reaction to a call-to-action project ahead of the UN Environment Action Top on 23 September.

The business have actually devoted themselves to more enthusiastic environment targets lined up with restricting worldwide temperature level increase to 1.5 ° C above pre-industrial levels and reaching net-zero emissions by no behind2050

First movers consist of Acciona, AstraZeneca, Banka BioLoo, BT, Dalmia Cement Ltd., Eco-Steel Africa Ltd., Enel, Hewlett Packard Business, Iberdrola, KLP, Levi Strauss & Co., Mahindra Group, Natura & Co, Novozymes, Royal DSM, SAP, Represent, Singtel, Telefonica, Telia, Unilever, Vodafone Group PLC and Zurich Insurance Coverage, among others, jointly representing over one million workers from 17 sectors and more than 16 nations.

Of the 28 business, BT, Hewlett Packard Business, Levi Strauss & Co. and SAP currently have 1.5 ° C-aligned decrease targets covering greenhouse gas emissions from their operations.

” Environment management has actually never ever been more crucial than it is right now, and it is motivating to see many varied business and brand names boldly raising their aspirations,” stated Lise Kingo, CEO and Executive Director of the UN Global Compact. “Leading business are currently showing that 1.5 ° C-compliant environment targets are possible, and I motivate all companies to take this chance to place themselves at the leading edge of this motion and add to the accomplishment of the Sustainable Advancement Goals.”.

The dedications of the 28 business hearken the most current report by the Intergovernmental Panel on Environment Modification (IPCC), which alerted of devastating effects ought to worldwide warming surpass 1.5 ° C.

” The UN Secretary-General has actually gotten in touch with leaders to come to the Environment Action Top in September with clear prepare for significant cuts to emissions on the path to a zero-net emissions economy by 2050,” stated Ambassador Luis Alfonso de Alba, the UN Secretary-General’s Unique Envoy for the Environment Action Top. “It is really motivating to see these environment leaders in the worldwide service neighborhood acting, both to assist deal with the environment emergency situation and since taking environment action provides big chances for early movers. By sending out strong market signals, these business are revealing Federal governments that they require to urgently increase their nationwide strategies in line with the current environment science.”.

Constructing a flourishing, net-zero carbon economy by 2050 needs both service management and enthusiastic Federal government policies. By setting policies and targets in line with a 1.5 ° C trajectory, Federal governments provide service the clearness and self-confidence to invest decisively in the zero-carbon economies of the future.

The business raising the bar for business environment aspiration are devoted to setting science-based targets through the Science Based Targets effort (SBTi), which separately examines business emissions decrease targets versus the current environment science. To date, 600 of the world’s biggest companies are setting science-based greenhouse gas emissions decrease targets lined up with the Paris Arrangement. In April 2019, the SBTi launched brand-new target recognition resources to make it possible for business to set targets constant with 1.5 ° C.

” The science is clear: To restrict the devastating effects of environment modification, we need to make sure warming does not surpass 1.5 ° C. The aspiration is high, however it’s possible– and science-based targets provide business a roadmap for arriving,” stated Paul Simpson, SBTi Board Member and CEO of CDP. “We advise all business to take this opportunity to align their service with a 1.5 ° C future and drive forward the shift to a net-zero carbon economy.”.

The historical call-to-action provided in June was available in the type of an open letter resolved to magnate and signed by 25 worldwide leaders, consisting of María Fernanda Espinosa Garcés, President of the UN General Assembly, Lise Kingo, CEO and Executive Director of the UN Global Compact, Patricia Espinosa, Executive Secretary of the UN Structure Convention on Environment Modification, Christiana Figueres, Co-Founder of Global Optimism, John Denton, Secretary-General of the International Chamber of Commerce, and SDG Supporter Paul Polman, Co-Founder of IMAGINE.

Enthusiastic CEOs who devote their business to a 1.5 ° C trajectory in assistance of a net-zero future will be acknowledged at the UN Global Compact’s Economic sector Online forum as part of the UN Environment Action Top on 23 September.

To get more information about business Aspiration for 1.5 ° C– Our Only Future project, please go to: unglobalcompact.org/OurOnlyFuture.

To see the complete list of business, go to: https://www.unglobalcompact.org/take-action/events/climate-action-summit-2019/ business-ambition/business-leaders-taking- action.

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About the United Nations Global Compact.

As an unique effort of the UN Secretary-General, the United Nations Global Compact deals with business all over to align their operations and methods with 10 universal concepts in the locations of human rights, labour, environment and anti-corruption. Introduced in 2000, the UN Global Compact guides and supports the worldwide service neighborhood ahead of time UN objectives and worths through accountable business practices. With more than 9,500 business and 3,000 non-business signatories based in over 160 nations, and 70 Regional Networks, it is the world’s biggest business sustainability effort.

To learn more, follow @globalcompact on social networks and visit our site at www.unglobalcompact.org.

About the Science Based Targets Effort (SBTi).

The Science Based Targets effort sets in motion business to set science-based targets and increase their competitive benefit in the shift to the low-carbon economy. It is a partnership in between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and among the We Mean Company Union dedications. The effort specifies and promotes finest practice in science-based target setting, provides resources and assistance to lower barriers to adoption, and separately examines and authorizes business’ targets.

To learn more, follow @sciencetargets and go to www.sciencebasedtargets.org..

About the We Mean Company Union.

We Mean Company is a worldwide union of not-for-profit companies dealing with the world’s most prominent companies to act on environment modification. The union unites 7 companies, BSR, CDP, Ceres, The B Group, The Environment Group, The Prince of Wales’s Business Leaders Group and the World Company Council for Sustainable Advancement. Together we catalyze service action to drive policy aspiration and speed up the shift to a zero-carbon economy.

Learn more at wemeanbusinesscoaltion.org.

Contacts.

UN Global CompactDan Thomas: +1 917 225 1913 Leila Puutio: +1 646 465 3833 Email: media@unglobalcompact.org.

Science Based Targets initiativeSarah Savage: +44(0) 20 3818 3916 Email: Sarah.Savage@cdp.net.

We Mean Company coalitionKristen King: +1 904 608 1745 Email: kristen@wemeanbusinesscoalition.org.

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