Private Sector Engagement is Swell!
If your local government jurisdiction isn’t driving climate action fast enough for you, fret not! Public sector engagement isn’t the only way to make an impact. The private sector has supported the Paris Outcome immensely:
- Bill Gates and 27 other major investors launched the Breakthrough Energy Coalition to lead more private capital into clean energy deployment.
- Investors representing over $2.8 Trillion in assets have called on the G-20 to phase out fossil fuel subsidies by 2o2o.
- Microsoft set an internal carbon fee that holds its business accountable for its carbon emissions.
- Mars, the worlds largest chocolate maker, pledged $1 Billion to fight climate change.
This list just scratches the surface of private-sector action on climate change. Countless others are making strides towards moving society towards a sustainable future too.
What can you do?
Ask the companies you frequent, do business with, or invest in to:
- Set Science-Based Targets. These help companies have clearly defined pathways to future-proof growth by specifying how much and how quickly the need to reduce their GHG emissions. Targets adopted by companies to reduce greenhouse gas (GHG) emissions are considered “science-based” if they are in line with the level of decarbonization required to keep global temperature increase below 2 degrees Celsius compared to pre-industrial temperatures, as described in the Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC AR5).
- Join the Carbon Disclosure Project (CDP) – CDP is a not-for-profit charity that runs a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.