Business chiefs from 153 global companies have called on governments to establish market mechanisms to tackle climate change, while committing to take practical steps to improve their own energy efficiency and cut the carbon intensity of their products.
The statement, 'Caring for climate: the business leadership platform', was signed at a 6 July Geneva summit of the UN Global Compact, where business, governments, civil society, trade unions and NGOs meet to advance 10 goals in the areas of human rights, labour, environment and corruption. Firms including Unilever, Coca-Cola, Airbus, South Korea's national rail operator Korail, Anglo American and major Spanish cement producer Cementos Portland Valderrivas, put their names to the agreement. Of the signatories, 30 come from the Fortune Global 100 ranking of the world's largest companies.
Georg Kell, executive director of the UN Global Compact, called the statement "a unique and significant business initiative, as it is both a call to governments and a commitment to action by business itself".
The statement, commits the companies to "practical actions to increase the efficiency of energy usage and to reduce the carbon burden or products, services and processes, to set voluntary targets for doing so and to report publicly on the achievement of those targets annually".
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