Magnate prompted to set more enthusiastic environment targets in effort to restrict worldwide temperature level increase to 1.5 ° C

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. UN Secretary-General’s Environment Action Top to acknowledge economic sector management on environment modification and influence a much faster change to a net absolutely no future.

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.

UNITED NATIONS, New York City, 13 June 2019– A broad union of organisation, civil society and UN leaders today provided a call to action for personal business to make their vital and needed contribution to lowering greenhouse gas emissions to restrict the worst effects of environment modification.

In the lead-up to the UN Secretary-General’s Environment Action Top to be hung on 23 September in New York City, President Officers are being challenged to set a lot more enthusiastic targets for their business in line with the report by the Intergovernmental Panel on Environment Modification (IPCC) that made an engaging case for restricting worldwide temperature level increase to 1.5 ° C above pre-industrial levels.

The call-to-action can be found in the type of an open letter resolved to magnate and signed by Lise Kingo and more than 20 leaders including Her Excellency María Fernanda Espinosa Garcés, President of the UN General Assembly, Patricia Espinosa, Executive Secretary of the UN Structure Convention on Environment Modification, Jayathma Wickramanayake, the UN Secretary-General’s Envoy on Youth and SDG Supporter Paul Polman, previous CEO of Unilever.

” We require concrete, sensible strategies by 2020 to decrease greenhouse gas emissions by 45% over the next years, and to net absolutely no by 2050,” stated Ambassador Luis Alfonso de Alba, UN Unique Envoy for the 2019 Environment Action Top and among the co-signatories to the letter. “Environment modification needs an extraordinary effort from all sectors of society and organisation management shown by setting science-based targets at 1.5 ° C will send out strong market signals as we aim to recognize the scalable and replicable options required to protect a world where nobody is left.”.

” We have less than 11 years to basically alter our economies or we will deal with disastrous repercussions,” stated Lise Kingo, CEO & Executive Director of the UN Global Compact, among the member companies of the Science Based Targets effort. “For the very first time, we are seeing organisation and environment leaders coalesce around a typical call-to-action, sending out an effective signal that science-based target setting provides a substantial chance for services to step up when it pertains to dealing with environment modification and restricting worldwide warming to 1.5 degrees Celsius.”.

Other signatories to the letter– which is released on the UN Global Compact site– consist of John Denton, Secretary-General of the International Chamber of Commerce, Paul Simpson, CEO of CDP, Andrew Steer, CEO of World Resources Institute, Manuel Pulgar Vidal, Environment & Energy Practice Leader at WWF, Nigel Garnish, CEO of We Mean Company, Anand Mahindra, Chairman of Mahindra Group and Halla Tómasdóttir, CEO of The B Group, among others.

The financial chance provided by taking vibrant environment action is substantial, with proof recommending that those business lined up with a 1.5 ° C trajectory will be best-placed to prosper as the worldwide economy goes through a simply shift to a net-zero future by2050

The call-to-action asks business to set proven science-based targets through the Science Based Targets effort (SBTi), which individually examines business emissions decrease targets versus clinical finest practice and to date has actually confirmed the targets of more than 200 business. In April 2019, the SBTi launched brand-new target recognition resources to allow business to set targets constant with keeping warming to 1.5 ° C. Ambitious magnate who devote their business to a 1.5 ° C-aligned target will be acknowledged at the UN Global Compact’s Economic sector Online forum in New York City on 23 September as part of the Environment Action Top.

To act, check out: unglobalcompact.org/OurOnlyFuture.

About the Science Based Targets effort.

The Science Based Targets effort activates business to set science-based targets and increase their competitive benefit in the shift to the low-carbon economy. It is a cooperation 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 decrease barriers to adoption, and individually examines and authorizes business’ targets.

To learn more, follow @sciencetargets on social networks and visit our site at sciencebasedtargets.org.

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. Released in 2000, the UN Global Compact guides and supports the worldwide organisation neighborhood beforehand 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 biggest business sustainability effort worldwide.

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

About the We Mean Company Union.

We Mean Company is an international union of not-for-profit companies dealing with the world’s most prominent services to act on environment modification. The union combines 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 organisation action to drive policy aspiration and speed up the shift to a no carbon economy.

Discover more at wemeanbusinesscoaltion.org.

Contact.

UN Global CompactMatthew HunterManager, CommunicationsTel: +1 212-907-1399 Email: hunter@unglobalcompact.org.

Dan ThomasChief, CommunicationsTel: +1 917 225 1913 Email: media@unglobalcompact.org.

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