Global CEOs Pledge Support for Governments to reach an ambitious climate deal in Paris

In the run up to the global climate change conference in Paris this year (the UNFCCC’s COP21), the heads of major multinationals from Brazil, China, Europe, India and the United States are urging world leaders to “reach an ambitious climate deal” that they argue will “generate jobs and growth” across the world.

green africa directory

In an open message, CEOs from 78 companies – a cross-sectoral coalition facilitated by the World Economic Forum that includes banking, manufacturing, construction and energy – extend “an open offer” to governments to co-design climate solutions ahead of the COP21 meetings. The conference will see the leaders of nearly 200 countries meet to finalize a global agreement on climate. “Delaying action is not an option,” they said.

The message has been welcomed by the UN’s top climate official, Christiana Figueres, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC). She said that climate action represents a “massive economic opportunity,” adding: “This is the first intentionally directed industrial revolution and will be the source of good new jobs and strong growth for the coming decades, something developing countries are increasingly realizing and taking the lead on.”
 
These business chiefs collectively represent $2.13 trillion in revenue, equivalent to India’s GDP. Importantly, many of them lead companies from outside of the OECD group of developed nations and pledge support for developing countries to adapt to a warmer world. A key challenge in climate negotiations is how emerging economies will find investment to shift to greener energy systems and build infrastructure to withstand the floods and heatwaves that scientists say are likely to increase as the climate changes.

As well as pledging support, the CEOs have committed their companies to:

  • Reduce environmental and carbon footprints and collaborate in supply chains
  • Act as ambassadors for climate action, focusing on solutions and economic opportunities
  • Manage climate risks and include them in decision-making, realizing growth opportunities

They advocate:

  • Explicit or implicit carbon pricing, which they believe will “trigger low-carbon investment”
  • Innovation in alternative and renewable energy sources, energy efficiency and an end to deforestation
  • Climate action through greater corporate disclosure of carbon risks and projects such as green bonds
  • That governments set science-based global and national targets for the reduction of global greenhouse gas emissions and the development of alternative energy sources

The list of signatories includes:
Pierre Nanterme, Chairman and CEO, Accenture
Gregory Hodkinson, Chairman, Arup Group Ltd
Gavin Patterson, CEO, BT Group Plc
Gérard Mestrallet, Chairman and CEO, ENGIE
Peter Agnefjäll, CEO, IKEA Group
Vishal Sikka, CEO and Managing Director, Infosys
Marc Bolland, CEO, Marks & Spencer Plc
Brad Smith, President and Chief Legal Officer, Microsoft
Eric Rondolat, CEO, Philips Lighting
Dennis Nally, Chairman, PricewaterhouseCoopers International
Feike Sijbesma, CEO and Chairman of the Managing Board, Royal DSM NV
Jean-Pascal Tricoire, Chairman and CEO, Schneider Electric SA
Joe Kaeser, President and CEO, Siemens AG
Paul Polman, CEO, Unilever
Antoine Frérot, Chairman and CEO, Veolia
Anders Runevad, Group President and CEO, Vestas Wind Systems A/S

Source: World Economic Forum

One Response to “Global CEOs Pledge Support for Governments to reach an ambitious climate deal in Paris”

  1. Bubacarr December 15, 2015 at 12:46 am #

    In what capacity economies Africa forecast to stimulus expertise to develop terrestrial framework accompany to climatic variation essential tool in the wake COP21?

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