This Position Paper and Action Plan lays out Transform to Net Zero’s vision, goals, and working definitions of net zero and business transformation to net zero.
The Paris Agreement established our collective vision for a net zero economy in which we limit warming to 1.5°C above pre-industrial levels.
Current government pledges under the Paris Agreement lead us to twice as much warming—about 3.2°C. But the wave of country net zero targets announced during the last several months has brought the Paris vision within striking distance. Joining these countries are businesses, cities, investors, regions, and universities now committed to achieving net zero emissions by 2050 at the latest. Company goals to build net zero value chains naturally support government goals to build net zero economies.
We must make enough progress in this decisive decade to keep 1.5°C within reach. Put simply, this gives us just over two business cycles to transform every sector of the global economy. Transform to Net Zero is a cross-sectoral group of climate leaders who will enable the business transformation needed to accomplish this.