Innovating Net Zero Products and Services

Accelerate your journey to net zero with the latest Transformation Guide

Net Zero by 2050

A cross-sector initiative to accelerate the transition to a net zero global economy. Our vision is to enable an inclusive net zero economy no later than 2050

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Mission

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

2021

2022

2023

2024

2025

2025

Goal

Our 2025 Goal is for the world’s largest 1,000 companies to have targets backed up by transformation plans to achieve net zero no later than 2050

2021

How to get involved

Commit.

  • Commit to transforming your business to enable net zero emissions by 2050 or sooner.
  • Set a robust net zero goal which is 1.5°C aligned, with short-term and long-term reductions across the value chain.
  • Submit your commitment to a UNFCCC Race To Zero partner to be included in the campaign.

 

Plan.

  • Develop a company-wide transformation plan to enable net zero emissions by 2050 or sooner.
  • Include short-term decarbonization across emissions scopes 1, 2 and 3.
  • Plan to halve emissions by 2030.

 

Transform.

  • Use the Transformation Guides to help reshape key business functions, models, and products and services.
  • Support value chain partners to build a net zero value chain.
  • Enable climate solutions that are just and equitable.
Principles

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.

When defining the business strategies and actions needed to transform our business throughout the value chain, we will seek to enable climate solutions that are just and equitable. We will do this through meaningful engagement with and amplification of the voices and solutions of frontline organizations serving those most impacted by climate change.

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

Contact
Transform to Net Zero Resources
Founding Partners
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