Climate change is a global challenge which requires coordination and collaboration. Governments, businesses, consumers and many other stakeholders need to join forces if we are to take effective action. Ahead of the UN Climate Conference (#COP29), our CEO Jim Rowan has joined more than 100 other members of the World Economic Forum's #AllianceofCEOClimateLeaders in signing an open letter to world leaders. It calls for accelerated decarbonisation and invites public and private sector leaders to join them and their companies on a journey towards real, meaningful climate action. At Volvo Cars, we aim to reach net zero emissions by 2040. Emission reductions and #climateaction do not have to come at the expense of growth. Between 2019 and 2022, Alliance members achieved 18% revenue growth while reducing emissions by 10%. This demonstrates that what is good for the climate can also be good for business. #Sustainability #VolvoCars
The time for climate action is upon us. But the energy transition will take time. That is why we need to act now to do whatever we can to push forward the agenda. That is why I have signed the World Economic Forum CEO Climate Leaders letter ahead of COP29, together with more than 100 other CEOs. We are calling for increased collaboration between businesses and governments to deliver on the Paris Agreement goals. This is more than a pledge—it's a commitment to real action. By partnering with leaders across industries, we aim to close the emissions gap and drive a more sustainable future. From scaling up renewable energy to improving energy efficiency and supporting breakthrough technologies that reduce emissions. This is our opportunity to lead by example. As the saying goes; the price of leadership is responsibility.