Report: Over 170 companies, states, regions and cities have 80-100% climate commitments
- 28 September 2015
NEW YORK: Today, CDP and The Climate Group released a report showing that over 170 major companies, states, regions and cities around the world have committed to reducing their greenhouse gas (GHG) emissions by 80-100%, or procuring 100% of their power from renewable sources.
Bringing together information from several trusted sources, the findings demonstrate a trend toward increasingly ambitious climate action on the part of “non-state” actors (i.e. non-national governments), in the lead up to the Paris Climate Conference later this year.
Evan Juska, Head of Policy for The Climate Group, North America said: “What surprised us was the diversity of companies and sub-national governments setting ambitious climate targets. They differ in location, size, energy use, and ideology. But they share a belief that reducing emissions makes sense for both customers and constituents.”
The report also explores what motivates these leaders to be bold in addressing climate change, when so many national governments remain hesitant. While their reasons vary, “efficiency,” “competitiveness” and “values” were frequently mentioned drivers.
Lance Pierce, President, CDP North America said: “Managing environmental risk is fundamental to a company’s or city's competitive advantage. Consumer and investor demand for bold climate action is rapidly rising, and those who lag behind risk losing market share. The achievements of the companies, cities, states and regions in this report, with their impressive targets on GHG reduction and renewable energy, encourage hope for a vigorous yet sustainable low carbon future.”
The commitments included in the report are just the tip of the iceberg. The UNFCCC’s Non-State Actor Zone for Climate Action (NAZCA) now includes nearly 4,000 climate commitments by “non-state actors” – from states and regions pledging to end forest loss by 2030, to companies adopting an internal price on carbon and setting targets in line with climate science.
Climate Week NYC is a key event in the international calendar that brings together leading governments, investors, businesses, innovators and opinion formers. The Climate Group launched Climate Week NYC in 2009, and has acted as the secretariat since its inception.
Host to more than 100 affiliate events from September 21-28, Climate Week NYC 2015 is the collaborative space for climate events in support of the UN Summit to adopt the Post-2015 Development Agenda.
Climate Week NYC 2015 is supported by BT Group, Siemens, Procter & Gamble, Nike, SkyPower, SolarCity, CBRE Group, and Bank of the West - BNP Paribas; and the We Mean Business coalition members: BSR, The B Team, CDP, Ceres, The Climate Group, The Prince of Wales’s Corporate Leaders Group and WBCSD.