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307 documents from We Mean Business Coalition
Call to action for ambitious and investible NDCs
The We Mean Business Coalition urges governments to align NDCs with a 1.5°C pathway and the Global Stocktake outcomes to provide the policy stability necessary for business investment. The call to action focuses on three pillars: setting ambitious economy-wide and sector-specific targets, developing consistent national and sectoral policy frameworks, and establishing inclusive dialogues with the private sector to co-create implementation solutions.
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Document type: Statement
We Mean Business Coalition Board statement on the EU council’s 2024-2029 strategic agenda
The We Mean Business Coalition calls on the EU Council to prioritize a rapid transition from fossil fuels to clean energy in its 2024-2029 strategic agenda. The Coalition argues that fast decarbonization is essential for economic resilience and competitiveness, especially as the US and China invest heavily in clean energy. They advocate for a robust 2040 climate target of at least 90% emissions reductions and a holistic approach integrating climate, nature, society, and economy to achieve a climate-neutral and socially fair Europe.
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Document type: Statement
Why The US Government’s Voluntary Carbon Market Principles Are a Positive Step Forward For Tackling Climate Change
The We Mean Business Coalition welcomes the U.S. government's principles for high-integrity voluntary carbon markets, arguing that well-designed market mechanisms are essential for directing finance toward underfunded priorities like nature-based solutions. The author notes that nature-based solutions could provide 30% or more of the mitigation needed by 2030 but currently receive less than 10% of international climate finance. The document emphasizes that the U.S. approach aligns with the need for credible credits, public disclosure, and the prioritization of emission reductions within corporate value chains. It also highlights a decline in climate finance through voluntary carbon markets in 2023, which dropped by over $1 billion compared to 2022, urging other governments to follow the lead of the U.S., Colombia, and Singapore.
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Document type: Statement
Fossil to Clean FAQs
The Fossil to Clean campaign, led by the We Mean Business Coalition, seeks to accelerate the transition to a net-zero future by mobilizing businesses to signal demand for fossil fuel phase-out and urging governments to implement supportive policies. The campaign focuses on ensuring the 2025 Nationally Determined Contributions (NDCs) include specific fossil fuel phase-out targets aligned with 1.5°C pathways. In 2023, the campaign mobilized over 200 companies with annual revenues exceeding US$1.5 trillion to advocate for the phase-out of unabated fossil fuels and the tripling of renewable energy capacity.
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Document type: Fact sheet
WMBC RESPONSE TO US GOVERNMENT ANNOUNCEMENT ON THE ROLE OF VCMS
The We Mean Business Coalition welcomes the US Government's new principles for voluntary carbon markets (VCMs), asserting that high-integrity carbon credits are an integral part of a Paris-aligned solution. The Coalition emphasizes that VCMs should complement, not replace, the direct decarbonization of value chains, and should help direct finance toward nature-based solutions and the global south.
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Document type: Statement
We Mean Business Coalition response to G7 energy ministers’ communique
The We Mean Business Coalition welcomes the G7's commitment to include the phase-out of fossil fuels and the scaling up of clean energy in their Nationally Determined Contributions (NDCs). The Coalition argues that these signals provide the regulatory clarity necessary for businesses to invest in low-carbon systems and decarbonise their models. However, it notes that financial flows, including public investments and subsidies, must still be aligned with these goals, urging the G7 Finance Ministers to ensure coherence in their upcoming May meeting.
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Document type: Statement
G7 fossil fuel phase out
The We Mean Business Coalition calls on G7 nations to lead the global energy transition by embedding specific phase-out timelines for unabated fossil fuels into their new Nationally Determined Contributions (NDCs). The statement advocates for the decarbonization of power systems by 2035, the tripling of renewable energy capacity by 2030, and the reform of fossil fuel subsidies by 2025. It emphasizes that early transition will enhance long-term competitiveness, energy security, and public health, while urging G7 countries to provide finance and capacity-building to the Global South for 1.5°C-aligned economic pathways.
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Document type: Statement
We Mean Business Coalition response to SBTi statement on approved use of environmental attribution certificates to address Scope 3 emissions
The We Mean Business Coalition welcomes the Science Based Targets initiative's (SBTi) updated guidance allowing environmental attribute certificates, such as carbon credits, to be used for Scope 3 emissions. The Coalition argues that this reform provides companies with necessary clarity and tools to accelerate value chain decarbonization while increasing funding for climate projects in the Global South.
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Document type: Statement
Accelerating Corporate Climate Finance through Carbon Markets
The report finds that while the VCM is viewed as a strategic tool for achieving net zero and incentivizing internal decarbonization, its growth is stymied by a lack of recognition from climate goal standard-setters and perceived reputational risks. Survey data suggests that if standard-setters like the SBTi recognized carbon credits and regulatory claims codes were adopted, corporate spending and the setting of ambitious emissions targets would increase significantly.
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Document type: Report
COP29: Women call for gender diversity
The document consists of a comprehensive list of female executives, directors, and experts from business, finance, and environmental organizations who are advocating for gender diversity in the context of COP29.
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Document type: Statement
Business Action Checklists
The 'Business Action Checklists' by the We Mean Business Coalition offers a practical framework for companies to decarbonize core operations within two to five years. It focuses on three primary areas: logistics, fleet management, and business travel, providing step-by-step guidance from initial energy measurement and auditing to the implementation of zero-emission vehicles (ZEVs) and sustainable travel policies. The document emphasizes a 'start now, improve over time' approach, prioritizing the reduction of energy demand and the continuous improvement of data quality to manage transition risks and enhance competitiveness.
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Document type: Guide
BUILDING TRUST IN SUSTAINABILITY REPORTING AND PREPARING FOR ASSURANCE
The document outlines a systematic approach to integrating sustainability reporting into a company's existing financial reporting governance. It advocates for the use of the IIA's Three Lines Model to segregate roles between operational management, risk oversight, and independent audit. The guide details an annual cycle of control activities—including materiality assessments, risk assessments of material misstatement, and the creation of control catalogues and Standard Operating Procedures (SOPs)—to ensure sustainability disclosures meet the rigor of financial statements and align with global standards like ISSB and CSRD.
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Document type: Guide
WE MEAN BUSINESS COALITION’S RESPONSE TO DRAFT GLOBAL STOCKTAKE TEXT AT COP28
The We Mean Business Coalition criticizes the draft Global Stocktake text at COP28, stating that the shift from specific phaseout options to a 'meaningless wishlist of optional actions' fails to provide the clear signal necessary for business transformation and the 1.5ºC goal. The coalition urges countries to reject the draft in favor of science-based actions that mandate the phaseout of fossil fuels to align with the Paris Agreement.
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Document type: Statement
Cities and businesses call for the urgent phase-out of fossil fuels
The document argues that limiting global temperature rise to 1.5°C requires an immediate stop to burning fossil fuels, urging governments to halve global fossil fuel use by 2035 and stop new fossil fuel project investments. It highlights the role of cities and businesses in this transition, noting that solar and wind are already cheaper than new fossil gas electricity in most C40 city locations. Examples of city-level action include fossil gas bans in new buildings in several US cities and renewable energy targets in Los Angeles, Mexico City, and Seoul. Additionally, over 200 companies with nearly US$1.5 trillion in revenue are calling for clear phase-out timelines, 100% decarbonised power, and the reform of fossil fuel subsidies.
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Document type: Statement
Joint statement: Carbon markets must be a transparent, high integrity part of broader corporate climate action
A joint statement by 18 organizations asserting that voluntary carbon markets are a critical but underutilized source of climate finance. It advocates for the adoption of high-integrity standards, specifically highlighting the Voluntary Carbon Market Integrity Initiative (VCMI) and the Integrity Council on Voluntary Carbon Markets (ICVCM), to ensure carbon credits complement rather than replace direct corporate emissions reductions.
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Document type: Statement
Don’t overlook the role of the carbon credits market
The author contends that voluntary carbon markets, particularly those utilizing 'high-integrity' credits, provide a viable pathway for businesses to meet climate commitments and incentivize further investment in supply chain decarbonisation.
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Document type: Statement
Six Outcomes Leading Businesses Want to See from COP28
The We Mean Business Coalition calls for COP28 to establish clear fossil fuel phase-out deadlines, sector-specific targets, and more ambitious Nationally Determined Contributions (NDCs). The coalition emphasizes the need for increased finance for nature-based solutions, support for small and medium-sized enterprises (SMEs), and global financial system reforms to ensure a just transition.
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Document type: Statement
COP28: Businesses urge governments to phase out fossil fuels
A coalition of companies representing over $1.6 trillion in annual revenue calls on governments to phase out unabated fossil fuels, decarbonize power systems by 2035 in advanced economies and 2040 elsewhere, and provide financial and capacity-building support to the Global South for a just transition.
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Document type: Statement
Joint statement on UNFCCC work programme on just transition pathways
A coalition of organizations representing business and financial institutions urges UNFCCC Parties at COP28 to operationalize the work programme on just transition pathways. The signatories argue that systemic inequalities pose a business risk and call for a framework based on social dialogue, labour rights, and 1.5°C-aligned pathways. They specifically recommend enhancing international cooperation and finance for the Global South, supporting SMEs, and utilizing ILO Guidelines as a policymaking reference.
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Document type: Statement
Business urges government: go fossil to clean
The We Mean Business Coalition has convened 131 companies, representing nearly $1 trillion in combined revenue, to call on governments to phase out unabated fossil fuels and triple global renewable electricity capacity. The coalition argues that policy certainty and coherence are essential for businesses to meet science-based targets and develop affordable alternatives to fossil fuels. The group specifically urges governments to set clear phase-out timelines, commit to 100% decarbonized power, reform fossil fuel subsidies, and support a just transition in the Global South.
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Document type: Statement