At WEF leaders must face climate risks and harness bold action

The We Mean Business coalition calls for an 'ambition loop' where government policy and private sector leadership reinforce each other to tackle climate change. It highlights that over 1,140 companies, representing US$20.1 trillion in market cap, have joined coalition initiatives, while 17 countries have already established net-zero 2050 targets. The text emphasizes the need for governments to set policies aligned with a 1.5°C trajectory to provide businesses the confidence to invest in the transition.

• Over 1,140 leading companies have joined the We Mean Business coalition's partner initiatives, representing US$20.1 trillion in market cap, which is approximately one quarter of global GDP and equivalent to the annual emissions of India.
• Among the coalition's members, more than 770 companies are committing to science-based targets, with over 170 specifically aligning with a 1.5ºC warming limit and net-zero emissions by 2050.
• Financial actors are integrating climate risk into investment; investors in the UN-convened Net Zero Asset Owner Alliance manage nearly US$4 trillion in assets committed to net-zero by 2050, and BlackRock plans to divest $500m from companies deriving 25% or more of revenue from thermal coal.
• Governmental action toward net-zero 2050 targets is increasing, with 17 countries having such targets in law or policy, alongside the European Council's goal for a climate neutral EU by 2050 and Canada's commitment via the Ambition Alliance.
• 114 nations have indicated they intend to submit enhanced climate action plans during 2020.

APA

Knight, R. (2020). At WEF leaders must face climate risks and harness bold action. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/at-wef-leaders-must-face-climate-risks-and-harness-climate-action/

Chicago

Knight, Robin. At WEF leaders must face climate risks and harness bold action. We Mean Business Coalition, 2020. https://www.wemeanbusinesscoalition.org/blog/at-wef-leaders-must-face-climate-risks-and-harness-climate-action/.

Wikipedia

{{cite press release |last1=Knight |first1=Robin |title=At WEF leaders must face climate risks and harness bold action |publisher=We Mean Business Coalition |date=16 January 2020 |url=https://www.wemeanbusinesscoalition.org/blog/at-wef-leaders-must-face-climate-risks-and-harness-climate-action/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{knight2020wef, author = {Knight, Robin}, title = {{At WEF leaders must face climate risks and harness bold action}}, publisher = {We Mean Business Coalition}, year = {2020}, month = jan, url = {https://www.wemeanbusinesscoalition.org/blog/at-wef-leaders-must-face-climate-risks-and-harness-climate-action/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }