BY HARNESSING THE POWER OF BUSINESS ACTION AND POLICY AMBITION, WE’RE DRIVING PROGRESS ACROSS KEY SYSTEMS AND THE ECONOMY AS A WHOLE.
We Mean Business Coalition is proof that the private sector is shifting. Real momentum is growing for faster, bolder action on climate, unprecedented collaboration across industries, collective courage from leading companies, an unbending commitment to evidence-based policymaking, and a shared vision of a global economy that is both green and just. Now the pressure is on for climate action at speed and with scale.- Paul Polman, business leader, campaigner, author of 'Net Positive: how courageous companies thrive by giving more than they take'
Economies
We work to halve global emissions by 2030 and reach net zero emissions by 2050 at the latest.
The US, EU and Japan have responded to calls from business and civil society to increase climate ambition and as of 2021 have NDCs which are aligned with the Paris Agreement.
As of December 2021, more than two thirds (68%) of all companies with approved science-based targets were aligned with 1.5°C and almost all (96%) have targets for Scope 3 emissions.
5,500+ SMEs have committed to net zero by signing SME Climate Hub’s Climate Commitment.
Finance
We work to help ensure clear and consistent disclosure of climate-related risks and opportunities, to get finance flowing to the companies best-placed for the net zero transition.
As of 2021, over 2,600 organizations supported the TCFD framework, with a combined market capitalization of $25 trillion.
After Coalition-wide campaigning on more alignment between climate reporting standardization, CDP and ISSB partnered up, in a step towards a global baseline standard for financial markets.
Energy
We work to help achieve the phase out of global energy-related CO2 emissions by the middle of the century, including a 42% GHG reduction by 2030 (compared to 2021).
400+ RE100 member companies are already driving 420+ TWh/yr renewable electricity demand – enough to power a medium sized country.
RE100 member companies consumed 49% renewable electricity in 2021.
1,000+ companies have joined calls for governments to immediately set policies that accelerate the transition to clean energy.
Transport
We work to decarbonize transport for people and goods, contributing to a 30% GHG reduction from transport system emissions by 2030 (compared to 2019).
120+ EV100 companies have deployed over 400,000 EVs in their company fleets worldwide.
Companies have committed to switching 5.5 million+ vehicles to zero-emission vehicles via EV100.
IKEA, Unilever, JSW Steel Limited, A.P. Moller – Maersk and GeoPost/DPDgroup are the founding members of EV100+, committing to transition their medium- and heavy-duty vehicles, to zero-emission by 2040 in OECD markets, China and India.
Industry
We work to create a pathway for industry by aligning hard to abate sectors such as the steel, cement and chemicals sectors with Mission Possible Partnership sector transition strategies by 2030.
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.
Built Environment
We work with companies, cities and regions to halve total lifecycle emissions from buildings by 2030 and accelerate the transition to net zero carbon buildings.
17 pioneering businesses have made the public commitment to ConcreteZero, which includes ambitious short-term commitments to use 30% low-emission concrete by 2025 and 50% by 2030.
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.
Land & Nature
We work to accelerate investments in nature-based solutions so that land system emissions reach net zero by 2030.
The Coalition partnered with the Voluntary Carbon Markets Integrity Initiative to bring demand-side guardrails to the voluntary carbon market.
Over 1,000 companies are calling on governments to adopt policies now to reverse nature loss by 2030 though the Call to Action ‘Nature is Everyone’s Business’.
63 million tonnes of CO2 is being avoided or removed through NCS Lighthouse projects.
The Coalition’s 8 policy asks are cited in the final text of the Paris Agreement.
UNFCCC Executive Secretary Christiana Figueres cites the Coalition and the business voice as a key determinant in securing a successful Agreement.
In just a year, the number of companies aligning their emissions reduction targets with science, through the Science Based Targets initiative jumps to 150.
Hundreds of US companies sign the ‘We Are Still In’ pledge days after Trump announces his intention to withdraw from the Paris Agreement.
In response to the IPCC special report on 1.5°C, the Coalition calls for an increase in corporate ambition to align with the 1.5°C pathway.
The number of businesses joining SBTi rises 39% year-on-year. 17% of Fortune Global 500 companies setting science-based targets.
The Coalition mobilizes 120 UK companies calling for an ambitious NDC.
The open letter to UK Prime Minister Theresa May is a key factor in the country’s net-zero 2050 commitment.
The Coalition leads on the Build Back Better narrative in the wake of the COVID-19 outbreak.
Over 2,000 businesses globally advocate for governments to build back better with a green recovery.
The Coalition mobilizes more than 170 CEOs calling the EU to raise its NDC ambition.
European Commission President Ursula von der Leyen references the business-backed letter in her State of the Union speech.
Over 1,000 companies are taking action through SBTi, as the Coalition marks its 5th anniversary.
Over 400 businesses sign the Coalition-organised letter calling for an ambitious US NDC.
The US government increases its 2030 emission reduction target to 50-52% below 2005 levels.
The Business Ambition for 1.5°C campaign totals 700 companies.
These companies commit to set emissions reduction targets in line with the 1.5°C trajectory.
We Mean Business Coalition wrote to EFRAG, GRI, SEC, and ISSB
calling for global consistency in corporate sustainability reporting.
1,000+ companies join calls for governments to set policies that accelerate the transition to clean energy.
Companies headquartered in 60 countries sign letters and statements in support.
Over 5,000 SMEs are now part of SME Climate Hub,
as the initiative launches in the US.
250+ companies and civil society voices signed a Coalition statement calling on leaders at COP27 to uphold their commitment to 1.5°C.
The call contributed to keeping 1.5°C in the final text.
