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The report identifies clinker production as the primary source of emissions in the cement sector, accounting for 88% of total emissions. It evaluates three main decarbonization levers: substituting clinker with materials like fly ash and calcined clay, replacing coal and gas with biomass, waste, or green hydrogen, and deploying CCUS. While some progress is noted in developed markets, the report warns that absolute emissions will rise as production grows in emerging markets like India and Africa unless green processes are scaled. Key barriers include supply constraints for substitutes, high upfront costs for CCUS, and a lack of carbon transport infrastructure in high-growth regions.

The global steel sector faces significant challenges in decarbonization, with emissions intensity growing by 0.5% annually since 2010. While hydrogen-based Direct Reduced Iron (H-DRI) and Electric Arc Furnaces (EAF) offer paths to near-zero emissions, their deployment is hindered by high costs, limited green hydrogen supply, and a shortage of high-grade iron ore. The report highlights a geographic divide: the EU and US are shifting toward low-emission tech supported by subsidies and carbon pricing, while high-growth regions like India continue to expand high-emission Blast Furnace-Basic Oxygen Furnace (BF-BOF) capacity. Carbon Capture and Storage (CCS) is viewed as a necessary but expensive tool for abating existing capacity, though commercial-scale projects remain limited.

The report finds that companies purchasing voluntary carbon credits are generally climate leaders who outperform non-buyers in emissions transparency, target ambition, and direct decarbonization investments, suggesting credits are used as a supplement to, rather than a replacement for, internal emissions reductions.

The report analyzes the global transition of road transport to electric vehicles, noting that while passenger EV adoption is on an exponential growth trajectory, freight and emerging markets face significant hurdles. Key barriers include insufficient charging infrastructure, power grid limitations, and high total cost of ownership (TCO) for heavy-duty trucks. The document emphasizes the need for a shift from demand-side subsidies to supply-side policies, such as prioritized permitting for battery production and direct funding for charging networks, to sustain the transition toward net-zero emissions.

The We Mean Business Coalition has launched the 'Fossil to Clean' campaign to accelerate the global transition from fossil fuels to clean energy. The campaign introduces 'Fossil to Clean principles' that call for explicit end dates for fossil fuel use to provide market certainty and prevent unwise economic risks in new oil and gas projects. While over 13,000 businesses are committed to science-based emission reductions, the coalition emphasizes that government regulation is the most critical accelerator to overcome barriers such as permitting delays and lack of infrastructure. The campaign aims to mobilize business voices leading up to COP28 to push governments to include fossil fuel phase-out targets in their Nationally Determined Contributions (NDCs).

The We Mean Business Coalition outlines a framework for a just transition to clean energy, requiring the phase-out of unabated thermal coal, oil, and gas by 2040 at the latest. The principles demand that corporate energy consumers and producers publish Climate Transition Action Plans (CTAPs) with interim targets, while financial institutions must immediately end funding for coal value chains and new oil and gas exploration. Governments are urged to reach 100% decarbonized power systems by 2035 in advanced economies and 2040 elsewhere, with wealthier nations acting as first movers and supporting the Global South through finance and capacity-building.

The We Mean Business Coalition's 'Fossil to Clean' campaign provides a framework for phasing out fossil fuels by 2040. It outlines specific requirements for demand-side companies to end unabated fossil fuel use, for producers to cease new exploration and reach near-zero methane emissions by 2030, for financial institutions to halt new fossil fuel funding, and for governments to decarbonize power systems by 2035-2040.

Iberdrola is implementing a just transition strategy focused on decarbonizing the economy while supporting affected workers and communities. The company has closed all its coal plants and is investing heavily in renewables, with planned expenditures of €47 billion from 2023-2025 and €65-75 billion between 2026 and 2030. Key initiatives include the Exiom-Iberdrola Alliance in Spain to manufacture photovoltaic modules, the School of Electricians for Women in Brazil, and collaborations with UNICEF to promote green employment in Spain, Brazil, and Somalia. Iberdrola also advocates for a just transition through international pledges and was the first company to share its Climate Transition Plan for net zero emissions before 2040 with the UN.

The document urges companies to incorporate nature into their climate plans by reducing the 35% of global emissions linked to forestry, farming, and land use, while investing in the protection and restoration of ecosystems. It advocates for the use of the 4 A's of Climate Leadership framework to set 1.5°C-aligned science-based targets, specifically calling for the elimination of deforestation from supply chains by 2025. The guide highlights a significant funding gap, noting that nature-based solutions receive only 3% of climate finance despite representing 30% of the climate solution, with $350 billion needed annually by 2030 to end nature loss.

The We Mean Business Coalition's framework for Responsible Policy Engagement (RPE) addresses the 'advocacy gap' where corporate climate commitments are not matched by their political influence. It defines RPE as engagement that supports policy interventions to reduce emissions in line with net zero by 2050. The report identifies drivers for RPE, including investor pressure via the Global Standard on Responsible Climate Lobbying and increased scrutiny from civil society and regulators. It outlines a business case for RPE based on risk reduction, regulatory certainty, and reputation. The core of the document is a resource library categorized into five action areas: committing to speak up, establishing governance, direct engagement, aligning trade associations, and allocating advocacy spending. It emphasizes the 'ambition loop,' where corporate advocacy spurs ambitious government policy, which in turn enables companies to meet their own climate targets.

The We Mean Business Coalition welcomes the G7's backing of fossil fuel phase-out aligned with 1.5ºC trajectories and the Clean Energy and Economy Action Plan. However, it warns that the G7's reference to the 'important role' of increased LNG deliveries creates inconsistency with previous ministerial statements and risks delaying the clean energy transition.

The author asserts that while climate change threatens to reduce global GDP by 14% by 2050, investments in clean energy could boost global GDP by 4% by 2030. The text emphasizes the need for a nine-fold increase in clean energy investment relative to fossil fuels by 2030 to achieve net-zero emissions by 2050. It highlights the role of Temasek in funding technology-based and nature-based solutions and closing financing gaps for sustainable infrastructure in Asia through Pentagreen Capital. The author calls for visionary government policies to provide the clarity needed for private sector investment in renewables, electrification, and energy efficiency.

The document outlines an eight-step process for finance leaders to align GHG emissions reporting with financial accounting. It emphasizes the need for cross-functional collaboration between finance and sustainability teams, the application of risk and materiality assessments, and the extension of Enterprise Resource Planning (ERP) systems and internal controls to ensure GHG data is reliable, verifiable, and decision-useful for capital markets.

The document outlines the application of the GHG Protocol's three scopes of emissions—direct (Scope 1), indirect energy (Scope 2), and value chain (Scope 3)—within a corporate accounting context. It emphasizes using financial reporting boundaries and existing ERP systems to automate data collection from invoices, thereby improving data quality and auditability. The guide details three methods for Scope 3 upstream emissions: spend-based, activity-based, and supplier-specific, while noting the challenges of downstream calculations. It also introduces the International Sustainability Standards Board (ISSB) standards IFRS S1 and S2, which require climate-related disclosures and GHG emissions reporting to be aligned with financial statements.

The We Mean Business Coalition calls on G7 leaders to eliminate fossil fuel subsidies by 2025 or sooner, redirecting the over $80 billion spent in 2021 toward renewables and energy efficiency to accelerate the clean energy transition and avoid significant global GDP losses.

The We Mean Business Coalition calls on G7 Ministers to accelerate the transition to clean energy to mitigate climate risks and economic loss. The coalition argues that while business is ready to deploy clean energy solutions, it requires supportive policies and the repurposing of $1 trillion in fossil fuel subsidies. Key recommendations include decarbonizing power systems by 2035, phasing out domestic coal by 2030, and ensuring 100% sales of zero emissions vehicles for new light-duty vehicles by 2035.

The We Mean Business Coalition calls on G7 leaders to accelerate the transition to clean energy through specific policy targets, including the phase-out of coal by 2030 and the elimination of fossil fuel subsidies by 2025. The document argues that such policies provide the necessary clarity for the private sector to invest in renewables, electrification, and energy efficiency, while noting that clean energy investments could boost global GDP by 4% by 2030.

The We Mean Business Coalition asserts that current climate plans are insufficient to meet Paris Agreement goals and that staying within the 1.5°C limit requires a total phase-out of fossil fuels. The statement urges G7 governments to lead by redirecting subsidies, pricing carbon, and accelerating the uptake of clean energy technologies. It calls on businesses to develop science-aligned transition plans and invest in decarbonized solutions to ensure a secure and equitable global energy transition.

The document serves as a procurement guide for businesses integrating Natural Climate Solutions (NCS) voluntary carbon credits into their climate strategies, focusing on credits that deliver simultaneous benefits for climate change mitigation, biodiversity, and human well-being.

The We Mean Business Coalition calls for a massive increase in climate finance, specifically $3 trillion per year, to achieve net zero and address nature loss. The text references 'The Breakthrough Effect' report, which identifies electric vehicles, green ammonia, and plant-based diets as positive tipping points for emissions reduction. It emphasizes the role of the Giving to Amplify Earth Action (GAEA) initiative in leveraging philanthropy to unlock public and private funding. Additionally, it notes that 92% of organizations surveyed in the 'Corporate Minds of Climate' report prioritize long-term decarbonization, and highlights the impact of the Science-Based Targets Initiative (SBTi), SME Climate Hub, and RE100 in driving corporate climate commitments.