We will accelerate achievement of an inclusive net zero economy no later than 2050 by:
- 01 Enabling business transformation
- 02 Taking action to achieve net zero targets, including in value chains, through collaboration and innovation
- 03 Creative incentives for net zero strategies by scaling investment and supporting ambitious public policies
Our 2025 Goal is for all Fortune Global 1000 companies to have targets backed up by transformation plans to achieve net zero no later than 2050
- Established a shared clear point of view on the meaning of net zero and the opportunity for business transformation in service of that goal
- Accelerated the transformation of our companies and peer companies towards that goal
- Begun action to build at least one inclusive net zero value chain
- Promoted and supported the enactment of public policy that enables and advances the transformation to net zero.
The work will be led by the following principles:
Delivering on our individual commitments and translating into action, which will include corporate strategy, governance and accountability, finance and operations, risk management, procurement, innovation and R&D, marketing, and public affairs.
Committed to standardized approaches to achieve what the best available science requires for a 1.5°C world; committed to improving the quality and availability of research, data, and tools for all; committed to the highest return for the climate on investment.
Committed to open collaboration with existing net zero initiatives (sign-on, advocacy, sectorial, methodology efforts) to leverage existing work and advance business transformation to net zero.
At the highest levels of the company, governance and oversight structures will work to achieve net zero, including through developing innovative products, services, and business models.
Net zero requires emissions reductions across the entire value chain, including impact of products and services and supply chain. Net zero requires us to achieve greenhouse gas (GHG) emissions reductions aligned with the latest science and increase our capacity for GHG removals in the near term to be the path to get companies—and the world—to net zero no later than 2050 to ensure a stable climate, and will mean a mix of climate-positive actions should be pursued.
Substantial commitment and willingness to invest in and accelerate innovation to achieve net zero transformation, including partnering with others.
Advancing public policy that enables and accelerates progress towards net zero, and engagement with bodies such as trade associations to achieve this objective.
Public reporting and disclosure on progress towards Net Zero transformation to key stakeholders, including investors, customers, consumers, and where required―regulators; sharing information with all stakeholders on good practice to net zero transformation.
We know that marginalised groups and low-income communities bear the greatest impacts of climate change. Therefore, we will help enable conditions needed to achieve effective, just, and sustainable climate solutions for people of all gender, race, or skills.
Our work will sunset after the 2025 UN Climate Conference, when governments will set climate targets for 2035, and we will have held the Paris Agreement within reach or not
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