COP23 - We Mean Business Coalition

The We Mean Business coalition calls for stronger alignment between government policies and corporate climate action to meet Paris Agreement goals. The coalition highlights significant corporate commitments to emissions reductions and advocates for the Marrakech Partnership and the 2018 Facilitative Dialogue to be used as platforms for enhancing NDCs and building climate resilience.

• Over 600 companies have made more than 1,000 commitments to climate action via the Take Action campaign, with some leading firms setting specific value chain targets. For instance, Mars Inc. pledged US$1 billion for its Sustainable in a Generation Plan to reduce value chain GHG emissions by 27% below 2015 levels by 2025 and 67% by 2050. BT aims to reduce scopes 1 and 2 emissions per unit of gross value added by 87% below 2016/2017 levels by 2030, and upstream scope 3 emissions by 29% in the same period. Additionally, Walmart's Project Gigaton targets the elimination of 1 billion tons of emissions by 2030, while Hewlett Packard Enterprise targets 100 million tons by 2025.
• The coalition supports the Marrakech Partnership for Global Climate Action but argues that its Technical Examination Processes (TEPs) have been insufficient in addressing domestic policies that hinder ambition or proposing high-impact policy levers. They urge Parties to return to the original strategic intent of the Partnership by focusing on pre-2020 action and using TEPs for structured policy discussions in partnership with the private sector.
• The coalition advocates for the 2018 Facilitative Dialogue to be a continuous process rather than a single event, focusing on assessing collective action to enhance ambition rather than being punitive. They call for a firm link between the Marrakech Partnership and this Dialogue to provide an inclusive model for enhancing 2020 NDCs and taking stock of progress toward the Article 4 goal of net zero emissions in the second half of the century.
• Climate change is identified as a source of material risk for global business, including physical risks like sea level rise and extreme weather, and transition risks such as strengthened regulation and disruptive technologies. The coalition commits to the Article 7 global goal of climate resilience, noting that national adaptation policies and contingency planning for loss and damage are necessary for business investment stability.

APA

We Mean Business Coalition (2017). COP23 - We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/cop23/

Chicago

We Mean Business Coalition. COP23 - We Mean Business Coalition. 2017. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/cop23/.

Wikipedia

{{cite press release |author=We Mean Business Coalition |title=COP23 - We Mean Business Coalition |date=9 November 2017 |url=https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/cop23/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{wemeanbusinesscoalition2017cop23, author = {{We Mean Business Coalition}}, title = {{COP23 - We Mean Business Coalition}}, publisher = {We Mean Business Coalition}, year = {2017}, month = nov, url = {https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/cop23/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }