Climate change commitments continue for top global companies

Whether you are in or out or even shake it all about the reality of climate change is here to stay. And 200 of the world’s largest companies know this and have said they will continue to collaborate on business solutions under the framework of the Paris Agreement and the UN Sustainable Development Goals.

In a statement published June 2nd the World Business Council for Sustainable Development (WBCSD), which represents these 200 global companies, said: “[The] withdrawal from the Paris Agreement by the US Federal Government is not good news. However, businesses from around the world will not give up and will double down on their commitments to work together, in order to continue to find new and rewarding solutions in all countries of the world.”

The WBCSD statement, from Paul Polman, WBCSD Chairman and Peter Bakker, WBCSD CEO, said that the science of climate change is clear, robust and incontrovertible and that the business case for climate action is also “irrefutable”.

The WBCSD highlights the risks facing business – from environmental instability and future competitive positioning as new technologies and business models evolve through to meeting the needs of climate-conscious consumers.

As an example of business collaboration the WBCSD says through the Low Carbon Technology Partnerships initiative (LCTPi) more than 160 companies are working on nine scalable climate solutions that together have the potential to realise 65% of the emission reductions needed to stay below the Paris Agreement’s 2°C target. It is claimed these solutions will also support up to 25-45 million jobs each year.

The statement concludes: “The Paris Agreement has made the transformation to a low-carbon economy inevitable. This transition will in the long run be the only way to deliver successful financial results for companies, strong economies with jobs everywhere and a planet that is liveable for all.”

In recent weeks more than a 1000 companies have also individually re-confirmed their commitment to the Paris Agreement. For example, in the food sector, Mondelēz International, with sales of $26 billion in 2016 and operating in 165 countries, said it remains committed to its corporate climate change goals and the Paris Agreement.

In a statement, issued June 4th, Irene Rosenfeld, Mondelēz Chairman and CEO, said: “We believe acting on climate change is critically important. Growing our positive impact for people and the planet is not only at the core of who we are as a company, it also helps to accelerate our growth. Smart and sustainable use of natural resources to reduce our environmental impact is necessary now more than ever. We must all work together to take aggressive steps to combat climate change. Securing our planet’s precious resources is fundamental to protect future generations.”