Advancing low-carbon, high-resilient economies through innovation, ambition and collaboration on climate change
Echoing the words of UN Secretary-General António Guterres, climate change is undoubtedly the defining issue of our time. We are at a critical juncture, where climate change is moving faster than we are and every half degree makes a world of difference. The private sector has a key role to play in sending strong market signals and scaling innovative solutions to present concrete, realistic plans towards a zero-carbon economy.
Ambitious business leaders are recognizing that taking climate action is the best way to build healthier communities, consumers, businesses and economies. The voice of business leaders needs to join that of the UN Secretary-General in calling on governments to make the right choices as they rebuild their economies.
You can make a difference by engaging with us on climate change issues.
INNOVATION AND THOUGHT LEADERSHIP
Launched at COP26 in collaboration with the International Labour Organization and the International Trade Union Confederation, the Just Transition Think Lab will shape and define business leadership on critical issues such as the inequalities deepened by climate change and potential opportunities by engaging companies on resilience, health, and a just transition; social dialogue, good jobs and social implications for workers; and inspire continuous performance improvement across diverse sectors beyond utilities. It will also address key business challenges and identify good practice across sectors and regions.
The Action Platform on Climate Ambition is providing a collaborative space for companies and key stakeholders to tackle both climate mitigation and resilience. This year, the focus will be on driving climate ambition in support to COP26, building on past work under the banners of Pathways to Low-Carbon and Resilient Development and Business Ambition for Climate and Health since its inception in 2017, and a decade of work by Caring for Climate. The UN Compact is uniquely positioned to scale the progress the private sector has made and to translate it into business ambition and country-level action with the support of Global Compact Local Networks and UN partners.
Caring for Climate (UN Global Compact, UNEP and UNFCCC) mobilizes business leaders and convenes the annual high-level meetings on climate change at COP, inviting senior executives of business, industry, finance, civil society, the United Nations and Government to ramp up corporate action.
The Science Based Targets initiative (CDP, UN Global Compact, WRI and WWF) has been driving ambitious corporate climate action since 2015, with more than 1200 companies taking climate action aligned with the Paris Agreement, of which nearly 600 companies have approved science-based targets, as of February 2021.
Launched in 2019, the Business Ambition for 1.5°C campaign invites the most visionary leaders to commit their companies to set science-based targets aligned with a 1.5°C pathway in the lead up to COP26. As of February 2021, more than 400 companies have committed to the campaign.
The "Ambition Loop" is a positive feedback loop in which bold Government policies and private sector leadership reinforce each other and together take climate action to the next level.
The largest ever UN-backed CEO-led climate advocacy effort - Uniting Business and Governments to Recover Better — has more than 170 CEOs representing companies in the Science Based Targets initiative and its Business Ambition for 1.5°C campaign. Companies are urging Governments to align socio-economic recovery from the COVID-19 pandemic with climate science and reaffirming their own science-based commitments to achieving a zero-carbon economy well before 2050. The statement is available in all six UN languages and Portuguese.