The Climate Pledge and the We Mean Business Coalition Partner on Comprehensive Effort to Drive Companies to Adopt More Ambitious Carbon Reduction Goals
The Climate Pledge is a commitment co-founded by
Verizon, Reckitt Benckiser (RB), Infosys, and
The partnership will:
Encourage companies to take a leadership position and accelerate their goals to meet The Climate Pledge — the commitment co-founded by
Amazonand Global Optimism to achieve net-zero carbon by 2040, a decade ahead of the Paris Agreement.
- Mobilize supply chains, including small and medium enterprises (SMEs), to take and scale-up measurable and direct action on climate change.
- Determine ambitious and accountable means for companies to credibly integrate Nature-Based Solutions in their climate strategies.
“The science is clear. We must hold temperature rise to 1.5°C. Thanks to the long-term vision of the
“The size and scale of the climate crisis demands that the business community joins forces and works together to invent, fund, and implement bold decarbonization programs to help protect the planet,” said
“Climate change is everybody’s business. I am delighted that deeper and broader collaboration in The Climate Pledge will result from the partnership with the We Mean Business coalition,” said former UN Climate Chief and co-founder of Global Optimism,
Through this partnership, the We Mean Business coalition and The Climate Pledge are establishing the largest effort to date to mobilize the private sector to reach net-zero carbon by 2040—10 years ahead of the Paris Agreement. The partnership will demonstrate that corporate leaders can go further and faster on climate action.
Core partnership activities include:
- The We Mean Business coalition will encourage companies to accelerate their goals by committing to The Climate Pledge in addition to their existing We Mean Business commitments. Existing commitments include setting emission reduction targets in line with climate science through the Science Based Targets initiative and committing to 100% renewable power through RE100, among others.
- The We Mean Business coalition will engage with companies to help accelerate supply chain action (scope 3 emissions). This work will engage large companies and their supply chains to provide frameworks, toolkits for action and reporting, and capacity building to encourage suppliers, especially SMEs, to ramp up their climate goals.
The We Mean Business coalition and The Climate Pledge will jointly support the Four Principles for Nature-Based Solutions published in
May 2020as a framework to help business decision makers distinguish credible carbon mitigation projects and to evaluate regenerative investments. Mitigation at pace remains a priority for all business. This work will enable companies to take a robust approach to investing in nature, alongside making significant and transformative emissions reductions in their direct operations and supply chains.
Climate Pledge signatories will explore investment opportunities, including through Amazon’s
Climate Pledge Fund, in companies whose products and services will facilitate the transition to a zero-carbon economy.
As part of this new partnership, The Climate Pledge and the We Mean Business coalition will also provide resources and support to the following partner initiatives that are urging companies to respond to the climate crisis by setting specific, measurable targets:
TED Countdown: TED Countdown, a global initiative powered by TED and Future Stewards, aims to champion and accelerate solutions to address the climate crisis, turning ideas into action. Signatories to the Climate Pledge will be encouraged to participate in Countdown’s global launch event on
October 10, 2020, engage in cross-sector working groups in the year leading to the Countdown Summit in October 2021, promote and host local TEDx Countdown events, and participate in the 2021 Summit.
Race to Zero: The Climate Pledge will support awareness-raising efforts to build momentum around the shift to a decarbonized economy ahead of the
United Nations Climate Change Conference( COP26) and advocate for governments to strengthen their contributions to the Paris Agreement. Race to Zero will support all businesses across value chains to take climate action.
- The Science Based Targets initiative: All signatories to The Climate Pledge will be encouraged to set targets through the Science Based Targets initiative (SBTi) to reduce emissions and boost their competitive advantage in the transition to the zero-carbon economy.
“When we helped launch the We Mean Business coalition back in 2014 it was a big bet,” said Per Heggenes, CEO, the
“I am delighted with Amazon’s efforts to galvanize businesses to race to net-zero emissions as fast as possible,” said
“The moment to act on climate change has been upon us for too long, and now is the time to unite all levels of society - business leaders, courageous political actors, scientists, and individuals,” said
“Like the COVID-19 epidemic, unchecked climate change will radically affect people’s lives, businesses, and the economy. Governments alone cannot solve these problems. The innovation, dynamism, and drive fostered by the corporate sector are critical. Companies that have demonstrated the ability to innovate and revolutionize systems – none more than
About We Mean Business
We Mean Business is a global coalition of nonprofit organizations working with the world’s most influential businesses to take action on climate change. Founded with the generous support of the
About Global Optimism
Global Optimism exists to precipitate transformational, sector-wide change. Achieving a zero emissions future is not a far-off challenge. It’s one for which we must and we can get on track for now. Every scientific assessment shows that to meet the goal of net-zero emissions by 2050 and not exceed 1.5C of global warming, we must halve our emissions between 2020 and 2030. Tackling the climate crisis is only possible when everyone, everywhere plays their part. We work with like-minded collectives from all sectors who are willing to invest in the choices required to be on this challenging – and life-affirming – journey. For more information, visit www.globaloptimism.com.
About TED Countdown
Powered by TED, Future Stewards and 50+ partner organizations, Countdown is a global initiative to champion and accelerate solutions to the climate crisis — and turn ideas into action. Countdown kicks off with a global virtual launch on
About Race to Zero
Led by High-Level Climate Champions for Climate Action –