Climate Change: Companies Take Action

Published on Wednesday, 25 November 2015

A coalition of CEOs from 78 companies in twenty different sectors, active in more than 150 countries and generating revenue worth over $ 2,000 billion, has asked governments to take bold action to fight climate change.
In a few days the United Nations Climate Change Conference of the Parties (COP21) will be held in Paris, with the aim of signing a new agreement to stop climate change while keeping the rise in global temperature to under 2 degrees. For the first time, in addition to governments the conversation in Paris will also include the contribution of companies, which in a free market system are actually the main actors of the decarbonisation process.

In view of this event, executives from around the world have published an appeal to support cooperation between the public and private sectors in the global effort to reduce emissions, thus facilitating the transition towards a sustainable economy. The signatories include Francesco Starace, CEO of Enel, the only Italian company to join the initiative.

“Climate change is one of the biggest global challenges that will shape the way we do business now and in the coming decades. The undersigned, supported by the World Economic Forum (WEF), urge the world’s leaders to reach an ambitious climate deal at COP21, aligned with the UN Sustainable Development Goals”.
The CEOs urge a strategic action agenda supported by clear and consistent policies and robust monitoring, reporting and verification to stimulate innovation and develop renewable energy sources, promote energy efficiency, and end deforestation.

“Hastening the shift to a low-carbon economy will generate growth and jobs in both the developing and developed world”, the CEOs write. “Delaying action is not an option:  it will be costly and will damage growth prospects. We call on government leaders and policy makers to align on global measures, to be consistent in policy-making and to develop helpful innovation frameworks”.

A comprehensive, inclusive and ambitious climate deal in Paris is essential to finding a solution, with everyone’s contribution, to an issue that can no longer be ignored.