We Mean Business & The B Team urge Net-Zero by 2050 visionThe B Team
Net-zero greenhouse gas emissions by 2050, a goal that nine B Team companies aspire to, has been formally recognised by the We Mean Business coalition’s Take Action campaign and the Science Based Targets initiative. The recognition is an important step forward in the collective effort to accelerate the transition to a clean energy economy and help keep global temperature rise below 1.5°C.
This recognition is a call to all businesses to commit to transition their operations towards net-zero greenhouse gas emissions by 2050 and to use their influence to advocate for policies that support an economy-wide transition to net-zero emissions.
Who is already striving to get to Net-Zero by 2050?
Currently nine B Team Leader companies aspire to reach net-zero greenhouse gas emissions by 2050: Kering, Unilever, Broad Group, Virgin, Safaricom, Econet, Salesforce, Tiffany & Co. and Natura.
Unilever committed to a science based target goal in 2016. Its CEO, and B Team Leader Paul Polman, has been a steadfast champion of the net-zero greenhouse gas emissions by 2050 vision, stating previously that “a target of net-zero emissions by 2050 is not only desirable but necessary. This is the time to redouble our efforts and further accelerate progress to decarbonise our economy. This is not going to be easy, but the earlier we act, the greater the economic opportunities will be.”
Kering, which also has committed to an approved science based targets goal, seeks to achieve its vision by capturing innovative new technologies and building the business case for sustainability through an innovative environmental profit and loss (EP&L) system.
“Contributing to combating climate change and respecting planetary boundaries in the way we do business is a priority for us,” Kering’s chief sustainability officer Marie-Claire Daveu said last December. “The Science Based Targets initiative is enabling the business community to set meaningful and measurable goals to ensure that we align with the 2°C global agenda and Kering is proud that our own GHG reduction ambitions have been validated by the initiative.”
“The Net-Zero By 2050 initiative has taken a huge step forward in by being formally recognized as part of the We Mean Business coalition’s Take Action campaign and the Science Based Targets initiative,” said Leah Seligmann, Director of The B Team’s Net-Zero By 2050 Initiative, “This is major milestone in the global effort to combat climate change and an acknowledgement that more ambitious business leadership is needed.”
For more information – check out our dedicated net-zero by 2050 page.