commit to action - climate recon 2050 project...1,638 commitments to bold action 1,051 companies...

Creating a positive economic vision

Elena Stecca

October 23rd, 2019

Commit to Action

CDP is a global environmental impact non-profit working to secure a thriving

economy that works for people and planet.

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ABOUT CDP

Name | @Twitter

Information is the fundamental basis for action. We help investors, companies and

cities to measure, understand and address their environmental impact.

The world’s economy looks to CDP as the gold standard of environmental

reporting with the most comprehensive dataset on corporate and city action.

We aim to make environmental reporting mainstream and provide detailed

insights to drive action for a climate safe, water secure, deforestation free world.

Companies take action to

tackle climate change,

safeguard water resources

and prevent the destruction

of forests.

INVESTORS &

COMPANIES

COMPANIES &

SUPPLIERS Request

environmental

information

through CDP

Measure

their impact

to improve

performance

Companies and suppliers provide data on

environmental impacts, risks, opportunities,

investments and strategies.

Name | @Twitter

Investors and purchasing companies use

CDP to make informed decisions, reward

companies with superior performance and

drive action.

HOW WE WORK

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We Mean Business is a global nonprofit coalition that works to catalyse business leadership to

drive policy ambition and accelerate the transition to a zero-carbon economy

Adopt a science-based

emissions reduction target

Commit to 100% renewable

power

Commit to smart energy use

Commit to electric vehicles

and charging infrastructure

Grow the market for the world’s

most sustainable fuels

Remove commodity-driven

deforestation from all supply

chains by 2020

Improve water security

Reduce short-lived climate pollutant

emissions

Put a price on carbon

Commit to implement the

recommendation of the Task Force

on Climate-related Financial

Disclosures

Commit to responsible corporate

engagement in climate policy

Join the low carbon

technology partnerships

initiative

1,638Commitments

to bold action

1,051Companies

leading the way

$20.1Trillion

market capCommit to Action | @CDP

COMMIT TO AMBITIOUS CLIMATE ACTION

Contextualizing leadership

Join the hundreds of companies making

leadership of companies making

leadership commitments through the We

Mean Business coalition ‘Take Action’

platform.

Profile leadership

Drive business innovation

Strengthen investor confidence

Reduce regulatory risk

Unlock efficiencies, improve profitability

and competitiveness

676 companies

204companies

57companies

59companies

556Commitments to

bold action

323Companies

leading the way

Commit to Action | @CDP

COMMIT TO AMBITIOUS CLIMATE ACTION

Contextualizing leadership in Continental Europe

239 companies

55companies

8companies

17companies

0 20 40 60 80 100 120 140

Austria

Belgium

Denmark

Finland

France

Germany

Germany

Greece

Hungary

Iceland

Ireland

Italy

Italy

Luxembourg

Netherlands

Norway

Portugal

Romania

Spain

Sweden

Switzerland

Total number of committed companies

Total

TRANSITION TOOLS FOR LOW-CARBON ECONOMY

Where do we need to go?

8 Commit to Action | @CDP

Private Sector

Climate Action

TRANSITION TOOLS FOR LOW-CARBON ECONOMY

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100% Renewable Electricity Smart Energy Use Electric Vehicles Uptake

Scope 1 Scope 2 Scope 3

Use of sold

products

Purchased goods

and servicesSupply Chain

Program

SBTs are a clear pathway to future-proof growth

Specifying how much and how quickly to reduce GHG emissions

BUSINESS DRIVING ACTION

The Ambition Loop

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Government

Climate PolicyBusiness

Climate Action

Commit to Action | @CDP

A positive feedback loop between the private

sector and governments; reinforcing each other

Taking climate action to the next level

Unlocking further in climate solutions

BUSINESS DRIVING ACTION

The Ambition Loop

11 Commit to Action | @CDP

SBT 101

SBTs are a key tool for the low-carbon transition

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Consistent with the long-term goal of

reaching net-zero emissions in 2nd half

of century;

A clear pathway for companies to

future-proof growth in the face of

physical / political / regulatory / financial

risk

A business-modelling, strategic

planning and decision-making tool to

transform their business and help

create and prepare for a low-carbon

economy

www.sciencebasedtargets.org | @sciencetargets

WHY ARE BUSINESSES MAKING COMMITMENTS?

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Drive innovation and seize opportunities behind the

low-carbon transition

Anticipate regulatory and market developments,

reduce exposure to uncertain energy costs

Increase competitiveness – reduce waste

and unlock efficiencies

Address stakeholder expectations

and strengthen confidence

Bu

sin

ess c

ase

Earn recognition as

a climate leader

Elena Stecca

Elena.Stecca@cdp.net

Thank you!