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China Mobile, Broad, and Suntech join The Climate Group's global business coalition

Date
24 October 2008

Leading China CEOs' landmark commitment to tackle climate change

BEIJING - CEOs of three of China's leading companies have become the newest members of The Climate Group's global climate coalition making a landmark commitment to fight global warming and play a key role in the world's transition to a low carbon economy.

The Climate Group unveiled its new China members to be China Mobile (the world's biggest wireless operator with 420 million subscribers), Broad Air Conditioning (the world's leading manufacturer of low-energy air-conditioning units) and Suntech (the world's third largest solar energy company). Uniting with other international members of The Climate Group, the China CEOs pledged to reduce corporate greenhouse gas emissions and to work with their stakeholders to accelerate a low carbon economy.

HSBC ChMr Jianzhou Wang, Chairman and CEO of China Mobile said: "We will work together with The Climate Group and other organizations to deliver China Mobile's international commitments to reduce our emissions and lead our stakeholders towards a low carbon economy."

Mr Yue Zhang, CEO of Broad Air Conditioning said: "Joining The Climate Group will help Broad better practice its corporate citizenship."

Dr Zhengrong Shi, Chairman and CEO of Suntech said: "Joining The Climate Group is a tremendous opportunity for collaboration with some of the world's brightest environmental minds in developing practical solutions to carbon reduction."

Steve Howard, CEO, The Climate Group, said: "China is fast establishing itself as a major global hub for low carbon investment, technology and leadership. Today's CEO commitments are of national and global importance and significantly strengthen the global business axis needed to address climate change."

Changhua Wu, Greater China Director, The Climate Group said: "This announcement underpins China's ambition to lead the clean revolution. I am hopeful that the level of industry leadership and engagement witnessed today will soon become commonplace for all Chinese businesses."

Today's announcement was welcomed by other leading supporters of The Climate Group:

Rt Hon Tony Blair, former UK Prime Minister, whose 'Breaking the Climate Deadlock' initiative is partnering The Climate Group, said: "China is a vital ally in the fight against global warming. I would like to congratulate China Mobile, Broad and Suntech for their bold and positive leadership. I hope the commitments their CEOs make today will mobilise more global business leaders to cut emissions and realise economic benefits from advancing the global low carbon economy."

Lord Browne, former CEO of BP and European Managing Partner and Managing Director of Carlyle Group/Riverstone Holdings said: "Leadership from China's business community and policy-makers is instrumental to reducing global emissions and putting the world on track for the low carbon economy."

A recent report published by The Climate Group - China's Clean Revolution - reveals that China is already the world's leading renewable energy producer and is over-taking more developed economies in exploiting valuable economic opportunities, creating green-collar jobs and leading development of critical low carbon technologies.

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