Ambitious climate action today is essential for future economic success

Two years after the groundbreaking adoption of the Paris Agreement (December 12th, 2015) a broad alliance of 57 global companies from all continents and a broad range of industries jointly call for ambitious climate action as a basis for future economic success. In a joint declaration, they particularly address the twenty most industrialized countries accounting for 74% of the global emissions to use the G20 as a forum to come up with concrete long-term measures to accelerate the global decarbonization while inviting other countries to join efforts. Measures include a phase-out of fossil fuel subsidies by 2025, an adequate price on carbon and clarity on climate-related financial risks.

57 signatories: Acciona | adidas | AIDA Cruises | AkzoNobel |Allianz | Arcadis | Avant Garde Innovations | Bausparkasse Schwäbisch Hall | Capricorn Investment Group | DAIKIN Airconditioning Germany | Diageo | DSM | Econet Group | Energetics | EPSON Europe |Forbo Flooring| Formula E | Gegenbauer Holding | Groupe ADP | H&M | Hangzhou Minsheng Pharm | IBA Group | IBERDROLA |ING Group | Interface | Jiahe Agricultural Stockbreeding | Kering | LafargeHolcim | LeasePlan | Marks & Spencer | MICHELIN | Natura Cosméticos | OTTO FUCHS |Otto Group | Outokumpu | Philips | Philip Morris International | PUMA | Qingdao Double Whale Pharmaceutical | RTE | Saint-Gobain | Salesforce | Schneider Electric | Schüco International | Shandong Zhongcheng Feed Technology | Shenzhen Ausa Pharmed | Simble Solutions Ltd | Solvay | South Pole Group | Sun Daily Farm | UC Rusal | Unilever | Venture Garden Group | Virgin Group | Woolworths | Wuhan Dangdai Science & Technology Industries | Yukou Poultry

Declaration text:

We, the undersigned globally operating businesses from the G20 countries and beyond, emphasize the importance of implementing the historic 2015 Paris Agreement. Decisive international climate action is indispensable. Global decarbonization is already taking place and will need to be accelerated in the coming years – those who stay on top of this trend will shape the transformation and benefit most from the value creation in a future low-carbon economy.

We call for framework conditions that lay the foundation for a pathway towards limiting global temperature rise to well below 2 °C and allow us to actively contribute to the implementation of this pathway. We want to achieve a low- carbon economy that is energy e icient and powered by renewable energy in all sectors. This will secure jobs and prosperity, kicking o a new wave of innovation and entrepreneurship.

The G20 unites the world‘s strongest economies and accounts for 74% of the global greenhouse gas emissions. That is why G20 policymakers have a particular responsibility to act as leaders to embrace and implement this global paradigm shi towards a global low-carbon transformation and o er support to all other countries in order to win them as partners in this process.

G20 members and other countries in a position to do so should enable the international business community to play its role by establishing the necessary political and regulatory frameworks that allow an enhanced and more rapid decarbonization of the world’s economy, building on the principle of social equity.

We call on G20 governments to use the G20 as a forum and national governments from other countries to join e orts in order to move forward and to implement the following measures:

  1. Develop and implement long-term decarbonization strategies that enable cross-sectoral climate mitigation e orts and make our economies t for a low-carbon future. All countries should submit such strategies to the UNFCCC by 2020. They should also bring forward (revised) Nationally Determined Contributions (NDCs) with high and comparable ambition levels that are su icient to reach the climate goals set forth in the Paris Agreement.
  2. Phase-out of fossil subsidies by 2025, making way for increased investments in the low-carbon economy, renewable energy and the improvement of energy e iciency by utilizing the resulting scal space.
  3. Put a price on carbon that provides direction to investors and businesses for the development of business models that are in line with keeping the global temperature rise well below 2 °C.
  4. Take into account climate-related risks and the work of the Task Force on Climate-related Financial Disclosure (TCFD) to enable a thorough assessment of climate-related financial risks and opportunities. This will provide clarity to financial decision makers and generate confidence among investors around the world by providing the long-term direction needed to back up the implementation of the Paris Agreement from the investment side.

We, the undersigned businesses, a irm our deep commitment to tackle climate change proactively and collectively within our own business activities and policies on the national and international level. Besides making use of our own measures and instruments we take into account the opportunities o ered by frameworks that support business climate action, such as internal carbon prices, TCFD implementation in our own reporting, as well as science-based targets.

 

Update (14/3/2018): After publication (11/12/2017), the business statements was open for further signatory businesses until the end of january 2018. The overall number of signatories increased to 57.

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