Business will be central to the delivery of national emission-reduction targets. Effective collaboration and transparent information-sharing between companies and policymakers will help create the policies, regulations and finance mechanisms necessary to decarbonize energy, transport, heavy industry and other sectors. And, as the ambition loop between business and policymakers accelerates action, these well-designed policies will enable companies to deliver on their own climate targets as they develop the technologies and services needed for future net zero economies.
We hope this framework will prove a worthwhile resource for companies, providing them with the tools, examples and best practice they need to operationalize RPE. This will raise standards, improve alignment, and ultimately increase the number of companies advocating responsibly for policies that will enable business and economies to align with the 1.5°C pathway and deliver a net zero economy by mid-century.
This framework sets a global norm but, to have the most impact, it would be developed at the next level of detail, creating RPE frameworks for specific sectors and geographies. Think of the benefit of an RPE framework and associated tools for auto companies and others to improve advocacy in the EU transport system, or for utilities in the U.S. advocating in the power sector.
We have identified areas of best practice by companies where they already exist. In other areas, we see an opportunity for companies to come forward and establish best practice. The review and reallocation of corporate advocacy spend to align with climate targets is an area where further work would be fruitful.
We are at a critical moment. The latest science warns the world is likely to exceed the 1.5°C limit within five years. Avoiding a longer-term breach of this threshold, and the disastrous tipping points it would trigger, requires immediate, deep and sustained emissions cuts.
IT IS TIME FOR EVERY COMPANY TO ALIGN EFFORTS, SO DEPARTMENTS FROM PUBLIC AFFAIRS TO PROCUREMENT ARE PULLING IN THE SAME DIRECTION.
IT IS TIME FOR GOVERNMENTS AND BUSINESS TO ACT IN CONCERT TO DELIVER CURRENT CLIMATE COMMITMENTS, WORK TOWARDS MORE AMBITIOUS TARGETS – AND SO ACCELERATE THE AMBITION LOOP.
With this framework as their guide, we hope to see more companies commit to speaking up, making their voice heard in key policy discussions, aligning trade associations, allocating spending, and disclosing their advocacy – in support of pro-climate policies that deliver a safe and prosperous future for all.