Business is showing government it’s time to raise ambition on climate change

A statement by the We Mean Business coalition highlighting that 87 companies with a combined market capitalization of over US$ 2.3 trillion have committed to align their operations with a 1.5°C warming limit and net-zero emissions by 2050. The text asserts that this corporate leadership demonstrates the viability of decarbonization and calls for governments to provide policy clarity, such as carbon pricing, to unlock further investment and economic growth.

• A group of 87 companies, representing 28 sectors and headquartered in 27 countries, have committed to aligning their operations and value chains with a global temperature rise limit of 1.5°C and reaching net-zero emissions by 2050. These companies have a combined market capitalization exceeding US$ 2.3 trillion and direct emissions equivalent to 62 million cars on the road for one year.
• The transition to a low-carbon economy is presented as a significant economic opportunity, with the New Climate Economy reporting a potential $26 trillion growth opportunity and the creation of 65 million new jobs by 2030.
• Technological advancements are making the zero-carbon transition more viable, specifically with unsubsidized wind and solar power becoming cheaper than coal in most countries and electric vehicle sales increasing exponentially.
• Business leaders are calling for decisive political leadership and specific policy mechanisms, such as carbon pricing, to embed climate action into the financial system and provide the clarity needed for investment.

APA

Topping, N. (2019). Business is showing government it’s time to raise ambition on climate change. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/business-is-showing-government-its-time-to-raise-ambition-on-climate-change/

Chicago

Topping, Nigel. Business is showing government it’s time to raise ambition on climate change. We Mean Business Coalition, 2019. https://www.wemeanbusinesscoalition.org/blog/business-is-showing-government-its-time-to-raise-ambition-on-climate-change/.

Wikipedia

{{cite press release |last1=Topping |first1=Nigel |title=Business is showing government it’s time to raise ambition on climate change |publisher=We Mean Business Coalition |date=29 September 2019 |url=https://www.wemeanbusinesscoalition.org/blog/business-is-showing-government-its-time-to-raise-ambition-on-climate-change/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{topping2019business, author = {Topping, Nigel}, title = {{Business is showing government it’s time to raise ambition on climate change}}, publisher = {We Mean Business Coalition}, year = {2019}, month = sep, url = {https://www.wemeanbusinesscoalition.org/blog/business-is-showing-government-its-time-to-raise-ambition-on-climate-change/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }