We Mean Business Coalition’s Post

📣 Join We Mean Business Coalition’s project to develop action checklists to support businesses transitioning from #FossilToClean.     This project aims to fill a market gap by providing a simple, actionable checklist of near-term actions for the next two to five years to help businesses phase out fossil fuels and scale up clean solutions. Supported by real-life case studies, this checklist will complement existing decarbonization and sector-specific guidance, translating business climate action into a robust demand signal to policymakers and stakeholders that accelerates the transition to clean energy in the build-up to #COP30 and countries revising their Nationally Determined Contributions (NDCs).    To drive this initiative forward, we need expertise from businesses across various sectors and job positions globally. We have opened a Call for Applications to join the Taskforce to shape the delivery of this guidance. We are especially looking for experts in procurement, energy, and asset management at senior, head, and director levels. 🔗 Learn more and apply here: https://lnkd.in/eSGjDQb5 ⌛ Apply by Thursday 8th August #WMBC 🏷️ Santeri Palomäki Molly Walton Emily Huynh Claire H. Rasmus Valanko (he/him) Kristen King  

📢 Businesses: Register your interest to attend the UN Biodiversity #COP16. We Mean Business Coalition, together with partners, collectively invites businesses and financial institutions to complete this Expression of Interest form to attend the United Nations Biodiversity COP16, either physically or virtually. Individuals who want to observe official negotiations virtually must also be registered. ⏰ Closing date: 1 August 2024 📄 Expression of Interest form to attend: https://lnkd.in/dPeU3U_A 🏷️ Partners include Business for Nature, BSR, The B Team, Capitals Coalition, Cambridge Institute for Sustainability Leadership (CISL), One Planet Business for Biodiversity (OP2B), Science Based Targets Network, Sustainable Markets Initiative, Textile Exchange, the Union for Ethical Biotrade (UEBT), WBCSD – World Business Council for Sustainable Development, and World Economic Forum. #COP16Colombia #Nature

Off the back of record-breaking temperatures around the world, the United Nations Secretary-General António Guterres said of extreme heat: “We know what is driving it: fossil fuel-charged, human-induced climate change. And we know it’s going to get worse. . . But the good news is that there are solutions.” We support today’s call to action from the UN Secretary-General that urges a concerted effort to address extreme heat. This week the world experienced its three hottest days on record – according to EU Copernicus. Increasingly severe heatwaves are becoming public health emergencies, putting people in hospital, closing businesses and keeping children out of school. Extreme heat is killing an estimated nearly half a million people per year. International cooperation and collaboration is needed urgently to create more resilient economies and societies, and to protect workers and the most vulnerable communities that are suffering from the impacts of exposure to extreme heat. Heat stress is set to affect regions previously unaccustomed to extreme heat, according to new data from the International Labour Organization.    To prevent even more dangerous tipping points and extreme weather, we need world leaders to deliver on the historic agreement made at #COP28 to limit temperature rise to 1.5°C by accelerating action to phase out fossil fuels and phase in clean energy solutions this decade.     The wind is at our backs as we approach the end of the fossil fuel era. The world has come together in unprecedented agreement, and it’s time to turn words into action. It’s time to invest and go all in for a just transition from #FossilToClean.    This is the year when governments create their national climate plans for the decade ahead – a decade when we need the best and boldest actions we can muster to address one of the most pressing challenges of our time.      This is the year when we meet the moment to protect our communities, our economies, and our future from the worst impacts of climate change. The world must rise to the challenge of rising temperatures. Read the Secretary-General's call to action here: https://lnkd.in/duJnfmew #FossilToClean #ClimateAction 

📣 This September, VCMI is launching a public consultation on its beta Scope 3 Claim to help businesses go further, faster on #Scope3 emissions.   Once finalized, the Claim will offer a science-based approach for companies to address scope 3 greenhouse gas emissions that they are currently unable to tackle.  🔗 For more information and to contribute your views, visit: https://lnkd.in/e6KgszbC #Scope3 #CarbonCredits 

🆕 To mark the 10th anniversary of We Mean Business Coalition, we have partnered with Financial Times’ Sustainable Views on a series of podcasts bringing together experts from across the worlds of business and climate policy to discuss the biggest challenges and opportunities our community is grappling with.    🎙️ In episode 2, ‘Tackling Scope 3 emissions – reality check on decarbonization’, Editor Philippa Nuttall is joined by Kathleen McLaughlin, CSO of Walmart and Jeremy Oppenheim, Managing Partner at Systemiq Ltd. to discuss collaboration, carbon pricing, how to involve #SME suppliers in projects, and more.    Kathleen shares insights from Walmart’s Project Gigaton initiative, through which the retailer is engaging suppliers across all product categories to reduce or avoid one billion metric tons of greenhouse gases from the global value chain by 2030.    Jeremy explores the primary challenges companies encounter with Scope 3 emissions, and how they can be successfully addressed through innovative campaigns and robust reporting with examples from Systemiq.    🔗 Listen to the podcast here: https://lnkd.in/evPDE8fZ #WMBC 

❗ 2023 was the hottest year in human history, with global temperatures hitting 1.5°C above pre-industrial levels – and recent data suggests this alarming trend continues. As we approach the 1.5°C limit set by IPCC climate scientists there is no choice but to be bold.     Together with our founding partners BSR, Ceres, Inc., CDP, Corporate Leaders Groups, Climate Group, The B Team and WBCSD – World Business Council for Sustainable Development and over 80 strategic, implementation and network partners, we are driving collaboration between business, governments and civil society to accelerate the pace and scale of climate action.      Looking back, we are proud to have mobilized 200+ leading businesses urging national governments to phase out fossil fuels and ramp up clean energy. This helped contribute to the historic agreement at COP28 towards a just transition away from #fossilfuels, alongside a tripling of renewable capacity and doubling of energy efficiency - an agreement that must now turn into investment, policies, and laws.  Looking ahead, COP30 in Brazil will be a critical milestone to work towards; countries’ next Nationally Determined Contributions will make or break global climate goals and we must ensure that business helps drive them towards greater ambition. 2024 marks 10 years of the We Mean Business Coalition, and a decade of collaboration, ingenuity and courage. As we look to the next years, we must work together to safeguard our shared future for generations. With bold business and political leadership, we can be an unstoppable force.    🔗 Continue reading in our latest Annual Report: https://lnkd.in/eRKF4zkS Swipe to see our action in numbers 👇 #WMBC

⌛ With less than 100 days until the UN Biodiversity #COP16, today marks an exciting milestone for the Nature and Climate agendas. Our partners Business for Nature coalition have released a new set of recommendations, developed in consultation with We Mean Business Coalition and dozens of other partners, outlining policies needed to secure a #NaturePositive economy for all by 2030. The recommendations are accompanied by a business statement, endorsed by 130 businesses and financial institutions with combined revenues of $1.1 trillion, that calls for renewed policy ambition to implement the #BiodiversityPlan and halt and reverse nature loss this decade. It urges governments to adopt and enforce policies and regulations that: ✅ Make sure business and finance protect nature and restore degraded ecosystems  ✅ Ensure sustainable resource use and management to reduce negative environmental impacts  ✅ Value and embed nature in decision-making and disclosure  ✅ Align all financial flows to transition to a nature-positive, net zero and equitable economy  ✅ Adopt or strengthen ambitious global agreements to address key nature loss challenges It’s time for governments to create an enabling regulatory framework and put nature at the heart of decision making. 🔗 Read the policy recommendations and find out more here: https://lnkd.in/dYcJkbA 🏷️ International Paper Company VE, Danone, Decathlon , Unilever, Nestlé, Mahindra Group, Suzano, Salesforce, L’OCCITANE Group, ofi, Safaricom PLC, Inter IKEA Group, Holcim, H&M Group, dsm-firmenich, Kering, Suzano, Volvo Cars, dentsu, Legal & General, Johnson Matthey, Natura &Co, WSP, Givaudan, Iberdrola, Enel Group, Schroders, Sainsbury's, Arup, Heidelberg Materials, Inditex, Novonesis, Ørsted, Poste Italiane_s.p.a., Reckitt, RWE and Veolia. #NaturePositive #COP16 #BiodiversityPlan 

🆕 This summer’s Olympics promises more than just athletic highs and lows. The organizers of #Paris2024 are aiming to set a new bar for sustainability. A key focus has been buildings – and rightly so, writes our CEO María Mendiluce in Forbes.    Buildings are on the front line of climate risks – and crucial to the transition to a low carbon future that aligns with limiting temperature rises to 1.5C. Globally, buildings accounted for over a third of total energy demand in 2022 and the buildings and construction sector is responsible for over 20% of global greenhouse gas emissions. And as our world warms, energy consumption for space cooling such as air conditioning is set to double by 2050. The 2024 Olympic village, which will house 15,600 athletes and 9,000 para-athletes, is a prototypical eco-friendly neighborhood designed to transition into zero-carbon commercial housing after the Games. Constructed from wood and low-carbon concrete, the buildings use geothermal heating and cooling, and passive design elements such as thick insulation and strategic shading.     The organizers have created a space that protects athletes and future residents from an increasingly warming world, while reducing the use of fossil fuels, the major cause of climate change. It is undoubtedly an ambitious template, but it illustrates what is possible.    🔗 Continue reading ‘Paris 2024: Why This Year’s Olympics Legacy Will Be Its Green Buildings’: https://lnkd.in/eGAr9Wgk

🌍 This month’s #SignalsOfChange brings you stories of business and policy action towards a just transition from fossil fuels to clean solutions including Malaysia’s #LCAW2024 announcement on retiring all coal-fired power plants. Southern California’s new law mandating the electrification of industrial heating processes, and delivery firm Evri’s plans to triple its e-cargo bike capacity and almost double its electric vehicle fleet over the coming year. Plus, developments in land and nature, global supply chains – and a closer look at what elections across Europe and the launch of the EU’s Strategic Agenda mean for corporate climate action.    👇 Swipe the images below to see more of the stories covered in this month's edition or read now: https://lnkd.in/eaCVk4Zq #ClimateNews

📊 The European Union’s recent adoption of the Corporate Sustainability Responsibility Directive (CSRD) is a game-changer. This directive, accompanied by its underlying European Sustainability Reporting Standards (ESRS), will revolutionize the way businesses report their environmental, social, and governance (ESG) practices. And while reporting against these standards won’t begin until the 2024 reporting cycle, starting from early 2025, the winds of change are already blowing.      From the reporting year 2023, we have begun to see early adopters, who have voluntarily chosen to publish fully or partially in accordance with the CSRD. Even companies slated for compliance after 2024 have eagerly embraced the directive, recognizing the value in adhering to these emerging norms and regulations. ❓ But what exactly does this mean for businesses? How are they navigating this uncharted territory, and what lessons can be gleaned from their experiences? 💡 In our latest report, led by Director of Net Zero Finance, Jane Thostrup Jagd, we highlight 75 innovative solutions from 30 early adopter companies. 🔗 Read the report here: https://lnkd.in/eYiwdYBk  #CSRD