Business eyes are on governments for signals on climate action

The We Mean Business Coalition asserts that while many companies are pursuing science-based targets and investing in renewables and electric fleets, voluntary action is insufficient to meet the goal of halving global emissions by 2030. The coalition calls for governments to implement mandatory climate-related financial disclosures, end coal financing and fossil fuel subsidies, and invest in EV infrastructure and smart grids to create the economic certainty required for businesses to accelerate their transition.

• To limit global warming to 1.5C, the world must collectively reduce global emissions by half by 2030, a goal that requires public policies and fiscal frameworks to advance more rapidly.
• Businesses are adopting 'all in' strategies by embedding climate plans into company incentives, working with supply chains, and pursuing science-based targets aligned with a 1.5C limit.
• Specific corporate examples of climate action include Levi Strauss & Co. sourcing 76% renewable electricity for owned facilities, Siemens aiming for a 100% electrified global vehicle fleet by 2030, and Unilever investing in hydrogen innovation and a deforestation-free supply chain by 2030.
• Essential government actions for the power and transport sectors include ending coal financing, phasing out fossil fuel subsidies, investing in smart grid infrastructure, and committing to 100% sales of zero emission vehicles (ZEVs) for new light-duty vehicles by 2035.
• Governments are urged to implement mandatory climate-related financial disclosure, following the G7's June endorsement, and to incentivize innovation in hard-to-decarbonize sectors such as heavy industry, food, and agriculture.

APA

Mendiluce, M. (2021). Business eyes are on governments for signals on climate action. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/business-calls-for-climate-action/

Chicago

Mendiluce, María. Business eyes are on governments for signals on climate action. We Mean Business Coalition, 2021. https://www.wemeanbusinesscoalition.org/blog/business-calls-for-climate-action/.

Wikipedia

{{cite press release |last1=Mendiluce |first1=María |title=Business eyes are on governments for signals on climate action |publisher=We Mean Business Coalition |date=20 September 2021 |url=https://www.wemeanbusinesscoalition.org/blog/business-calls-for-climate-action/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{mendiluce2021business, author = {Mendiluce, María}, title = {{Business eyes are on governments for signals on climate action}}, publisher = {We Mean Business Coalition}, year = {2021}, month = sep, url = {https://www.wemeanbusinesscoalition.org/blog/business-calls-for-climate-action/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }