As the institutional representative of 45 million companies worldwide – ICC has played a central role in advocating for the delivery of the Paris Agreement and in shaping the United Nations Sustainable Development Goals (SDGs). With COP26 approaching, it is time to re-affirm our commitment to raise global business ambition and to mobilise action at scale behind the 1.5°C target and towards the additional climate goal of net-zero emissions by 2050.
COP26 marks the time for action and ICC is delighted to convene global business leaders, policy makers and government representatives for a conversation on key outcomes expected for the conference, and how to ensure that coherent science-based policy frameworks are in place to incentivise a just net-zero transition.
by Steve Varley
ICC United Kingdom Board Member & EY Global Vice Chair - Sustainability
“International trade has an important role to play in combatting and adapting to climate change. The WTO is well-placed to help governments harness the power of trade and reduce their emissions by improving access to low-carbon goods and services, strengthen resilience to extreme weather events, and ensure a just and swift transition towards a global low-carbon economy.” - WTO
“The climate crisis affects every home and family, everywhere in the world. The majority of consumers now want Brands they buy to help them live a more environmentally conscious lifestyle and the latest science has made it clear that urgent, decisive action must be taken to avoid the worst impacts of climate change. We are fully committed to use P&G’s innovation and ingenuity to unlock new solutions to address climate change. The task ahead of us is urgent, difficult and much bigger than any single company or country. To achieve a new zero future, we will leverage existing solutions and seek transformative new ones that are not available in the marketplace today. This will require partnership across the private, non-profit, and public sectors and COP26 represents an important platform to elevate the challenges and to create connections .” - Procter & Gamble
“We have placed sustainability at the heart of our purpose and made a promise to contribute to a sustainable energy future. For us, sustainability is a way to care about the planet and its people, as well as a strategic business topic and key competitiveness factor. My top priority for COP26 is meeting customers, partners, suppliers, and other stakeholders with the same approach and finding collaborative business opportunities to create a carbon-neutral future together. Through our Sustainability 2030 targets, we are progressing four key areas: Planet. People. Peace. Partnership. We aim to achieve carbon-neutrality in our own operations by 2030, and, in addition, we target to reduce our emissions along the value chain by 50% with customers, partners, and suppliers.” - Hitachi Energy
"I'm passionate about helping organizations to focus on their impacts, and how they create value over the long term. That means considering and measuring environmental, social, and economic outcomes. It's fundamental for efficient capital markets, and we now know from our research that institutional investors are more focused on non-financial performance than they ever have been - recognizing the significant impact this can have on a business's value. It's how we are helping to build a better working world."- EY
“Natura &Co has committed to reach net zero by 2030. Our planet has been pushed to breaking point, and now is the time to take action. We must rapidly build an integrated approach to bring global emissions in line with the 1.5-degree target and to regenerate nature while we do that. Our Group has been operating in the Amazon for over 20 years and has a deep respect for nature. We hope protecting nature to be one of the dominant topics in discussions at COP26 and concrete steps to be taken in building an agreement to halt and reverse biodiversity loss by 2030.”- Natura & Co
“In line with its commitment to reach the carbon neutrality by 2050, Eni supports the global effort to meet the Paris Agreement’s goals. In particular, the company’s strategy is aligned with the Agreement’s most ambitious objective to keep global warming within the 1.5°C threshold. Aware of the urgency to strengthen the fight against climate change, Eni reckons that COP26 can represent a material step change in the global decarbonisation pathway. Governments, together with civil society and business shall significantly improve their actions to reduce greenhouse gas (GHG) emissions in order to achieve the net zero by 2050. In this regard, COP26 presents a unique opportunity to strengthen NDCs and accelerate the private sector targets to deliver on the UN climate goals. As Eni, we are committed to promote shared and pragmatic solutions in response to this challenge, working with all our stakeholders.” - Eni
“Now, it's time to maximize our voice and call on governments, society and private initiative to combat the effects of climate change. The IPCC’s report is clear: we must take immediate action to reduce global carbon emissions. It also says that we can reduce global temperature by removing more carbon from the atmosphere than what we emit. We need to work together to tackle this challenge. All 7.7 billion of us. This is not a task that can be done by one company alone nor one sector alone. World leaders gathering at COP26 in November must reach consensus to enable us to start acting collectively. I believe that implementing a regulated carbon market linked to the Paris Agreement is a global mechanism that encourages concrete initiatives to remove carbon from the atmosphere. Moreover, these initiatives can be coupled with the protection of nature by financing Nature Based Solutions. Tackling climate change is the greatest challenge of our generation and if we want to leave a better world for future generations we must take bold and coordinated action now. Earth is our home and it is what unites us, keeps us connected and that's why our individual actions, no matter how small, impact everyone and everything that shares the planet with us." - Suzano
“COP26 is first and foremost about setting ambitious targets and find policies to meet the 1.5°C climate goal of the Paris Agreement and beyond. COP26 brings together governments, multilateral institutions, businesses, local authorities and NGOs. It’s through cross-sector collaboration we can bring about solutions that make industry and society more sustainable. We are engaging at COP26 because we see enormous opportunities to decarbonize industries, transport, buildings and infrastructure, which together account for three-quarters of global CO2 emissions. We can reduce the use of natural resources by implementing existing technologies across the globe while empowering better decisions at scale through digital capabilities. COP26 also highlights the importance for every company to set high ambitions in their own operations – at ABB, we have more than halved our greenhouse gas emissions since 2013 and are committed to being carbon neutral by 2030.” - ABB
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