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Doubling down to deliver emissions cuts

The COP27 Climate Summit is a moment to problem solve, overcome barriers and coordinate efforts to halve global emissions by 2030.

Companies are critical to decarbonization. Their real-world experience, agility and learnings mean they are already at the forefront of investing in low-carbon solutions. Business must now go further to deliver emissions reductions at pace. The right policy support from governments will accelerate action.

See insights from the Summit and the full schedule of events at the COP27 Business Pavilion.

All in for a net zero energy system

How business is delivering

  • 380+ companies, with combined electricity demand comparable to the UK or Italy, are switching to 100% renewable electricity through RE100
  • 600+ companies have engaged in the Clean Energy Investment Accelerator resulting in over $50 million in investment and 100 MW of clean energy projects
  • Hundreds of companies are working towards a 90% carbon-free US electricity system by 2030 through CEBA
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Governments

can accelerate action with policies that ensure 100% decarbonized power systems by 2035 in developed economies, and 2040 for developing economies.

See all energy policy asks
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Business

can send a powerful demand signal for renewable electricity and accelerate the deployment of low-carbon technologies and fuels at scale.

See all energy initiatives

All in for a low and zero-carbon transport system

How business is delivering

  • 130+ companies are transitioning their fleets to EVs, with 5.5 million+ vehicles committed, through EV100
  • 30+ companies who own, lease, or operate 2.5 million+ on-road fleet vehicles, are accelerating deployment of ZEVs in the US through CEVA
  • 10+ major multinationals are collaborating on projects and tracking emission reductions to reach net zero freight via the Sustainable Freight Buyers Alliance.
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Governments

can accelerate action by committing to 100% sales of zero emission vehicles for new light-duty vehicles by 2035, and heavy-duty vehicles by 2040.

See all transport policy asks
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Business

can increase the pace of electric vehicle uptake and grow the market for low and zero-emission transport modes and technologies.

See all transport initiatives

All in to increase supply and demand for low carbon and circular materials

How business is delivering

  • 27 major steel buyers and specifiers of steel are committed to using 50% low-emission steel by 2030 and 100% net zero steel by 2050 through SteelZero
  • 60 companies have signaled intent to invest at scale by endorsing Mission Possible Partnership‘s Sector Transition Strategies for Ammonia, Aluminum and Steel. 
  • Over 50 companies have endorsed ResponsibleSteel’s new global standard to accelerate responsible sourcing and production of low-emission steel.  
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Governments

can accelerate action with policies that increase supply and demand for low carbon and circular materials including steel and concrete.

See all industry policy asks
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Business

can drive demand for net-zero materials and harness the circular economy, recognizing the decarbonization opportunities from collaborating with their value chains.

See all industry initiatives

All in for zero-deforestation commodities and a nature positive future

How business is delivering

  • $1 billion mobilized to protect tropical forests through the LEAF Coalition with support from companies including Amazon, Bayer, E.ON, Inditex, Salesforce and Unilever.
  • 35 companies including have planted more than 20 million trees in Ghana and Ivory Coast and achieved 72% traceability in their cocoa supply chains 
  • 80% reduction in palm oil driven deforestation in Indonesia, with the greatest falls in supply chains governed by zero-deforestation commitments
  • Businesses are aligning their ambition for nature with the GHG emissions mitigation hierarchy. This means focusing on avoiding and reducing value chain emissions first — and then also investing beyond the value chain.
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Governments

can accelerate action with trade policies that ensure zero-deforestation commodities.

See all land and nature policy asks
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Business

can harness natural climate solutions to cut emissions and remove carbon while also benefiting nature by building resilient and biodiverse ecosystems for generations to come.

See all land and nature initiatives

ALL IN FOR A NET ZERO AND RESILIENT BUILT ENVIRONMENT

How business is delivering

  • Companies have avoided 340 million Mt of CO2 emissions, more than the annual emissions of France and Switzerland, through EP100 and the Net Zero Buildings Commitment.
  • Over 350 construction and real estate companies have set science-based targets with SBTi.
  • Companies are reporting on whole life carbon emissions with WBCSD’s Building System Carbon Framework.
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Governments

can accelerate action through mandatory building codes and planning standards addressing whole-life carbon emissions.

See all built environment policy asks
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Business

can cut emissions throughout the lifecycle of the buildings they own and operate and support an overall net-zero transition of buildings and infrastructure.

See all built environment initiatives

ALL IN FOR FINANCING THE LOW CARBON TRANSITION

How business is delivering

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Governments

can accelerate action through mandatory climate-related financial disclosure requirements based on the International Sustainability Standards Board and considering impacts on people and planet.

See all finance policy asks
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Business

Through clear and consistent disclosure, scenario planning and carbon pricing companies can harness the potential of climate finance to unlock growth and innovation.

See all finance initiatives

The 4 A's of Climate Leadership

Accelerate your company’s journey to climate leadership. Explore best-in-class resources brought together by We Mean Business Coalition through our partners and collaborators.

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