Here under, the letter reproduced (original letter can be found here):
- The Alliance of CEO Climate Leaders shares an open letter for world leaders at COP26.
- The CEOs say they stand ready to work side-by-side with governments in a joint public-private effort to accelerate the race to net-zero.
More than 90 CEOs of large multinational organizations, all members of the Alliance of CEO Climate Leaders, are committed to reduce emissions by more than 1Gt* annually by 2030 and believe that businesses can do more if world leaders reach agreement at COP26 that would put us on a 1.5° pathway.
Although governments representing over 60% of the world’s greenhouse gas emissions are now committed to net-zero emissions goals, only 12%** of emissions are addressed by sector-specific policies and regulations. The group of CEOs calls on world leaders to take the unique opportunity COP26 presents and do more together to create a better world for people today and for generations to come.
Below is the text of an open letter ahead of COP26, published today:
Have you read?
- From UNGA to COP26: What's needed next for climate action
- COP15: What you need to know about the UN's biodiversity summit
We, the Alliance of CEO Climate Leaders, stand ready to work side-by-side with governments in a joint public-private effort to accelerate the race to net-zero.
We believe that after the publication of the recent IPCC report, we should use the COP26 in Glasgow as our best chance to agree the steps that are required to halve greenhouse gas emissions by 2030, reach net-zero emissions by 2050 and build nature-positive economies.
We therefore call on governments to:
- Publish ambitious and 1.5°C-aligned Nationally Determined Contributions that at least halve global emissions by 2030 and commit to global net-zero by 2050, underpinned by robust policy roadmaps and interim targets
- Ensure that developed countries meet and exceed their $100B commitment to support developing countries’ efforts to mitigate and adapt to climate change, and ensure the major development finance institutions also commit to science-based guidelines across their lending portfolios
We have impact and take responsibility: members of our Alliance represent some of the largest organizations on the planet, which employ over 8 million people. All members have committed to set or have already set Paris-aligned targets across their value chains, which would mitigate over 1Gt of emissions annually by 2030.
We will and must do more, but we can’t do it alone. We need bold climate policy agreements at COP26 to keep a chance to limit the global average temperature increase to 1.5°C and achieve a just transition.
In addition to the detailed sector-specific policy recommendations in our open letter from June, we have identified three key points that would help us and other businesses accelerate emission reductions, scale up innovations and achieve a net-zero world by 2050:
- Eliminate fossil fuel subsidies, cut tariffs on climate-friendly goods, develop market-based, meaningful and broadly accepted carbon pricing mechanisms and take adequate measures to ensure a just transition. An escalating carbon price is a critical enabler for greater competitiveness of low-carbon technologies. In parallel, international cooperation on a global, connected carbon market*** should ensure broad market access for these low-carbon technologies, while controlling carbon leakage.
- Support and incentivize first-movers, including to scale existing, proven solutions across value chains (especially in carbon-intensive sectors) and to develop new technologies. Governments can make the difference to help scale up and accelerate the transition, including through effective and harmonized laws and regulations that enable a speedy deployment of key technologies and systematic public procurement of low-carbon products.
- Invest in climate adaptation: create resilient cities, supply chains and infrastructure by scaling natural disaster defenses and risk transfer solutions, and by advancing climate-resilient, sustainable food production and securing water supplies.
The Alliance also encourages all business leaders to set (science-based) targets to halve emissions by 2030 and reach net-zero by 2050 with a clear roadmap on how to get there as well as to provide transparency on emissions and their financial impact, for example in line with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).
We are ready to work side-by-side with governments to scale up public-private efforts this decade in the race to net-zero. Members of the Alliance will be in person in Glasgow and look forward to discussing with world leaders, government officials and representatives of the NGO community the many ways we can tackle this climate crisis together.
Signatories
1. Søren Skou, Chief Executive Officer, A.P. Møller-Maersk
2. Björn Rosengren, Chief Executive Officer, ABB
3. Julie Sweet, Chief Executive Officer, Accenture
4. José Manuel Entrecanales Domecq, Chairman and Chief Executive Officer, Acciona
5. Oliver Bäte, Chief Executive Officer, Allianz
6. Hakan Bulgurlu, Chief Executive Officer, Arcelik
7. Alan Belfield, Group Chair, Arup
8. Werner Baumann, Chief Executive Officer, Bayer
9. Manny Maceda, Chief Executive Officer, Bain & Company
10. Ana Botin, Group Executive Chairman, Banco Santander
11. Carlos Torres Vila, Chairman, BBVA
12. Michel Vounatsos, Chief Executive Officer, Biogen
13. Peter Grauer, Chairman, Bloomberg
14. Rich Lesser, Global Chair, Boston Consulting Group; Chief Advisor, Alliance of CEO Climate Leaders
15. Christoph Schweizer, Chief Executive Officer, Boston Consulting Goup
16. Aiman Ezzat, Chief Executive Officer, Capgemini
17. Ion Yadigaroglu, Managing Partner, Capricorn Investment Group
18. Cees 't Hart, Chief Executive Officer, Carlsberg Group
19. Mahendra Singhi, Managing Director and Chief Executive Officer, Dalmia Cement (Bharat)
20. Kim Fausing, President and Chief Executive Officer, Danfoss
21. Michael Dell, Chairman and Chief Executive Officer, Dell Technologies
22. Punit Renjen, Deloitte Global CEO
23. Wendy Clark, Global Chief Executive Officer, Dentsu International
24. Christian Sewing, Chief Executive Officer, Deutsche Bank
25. Frank Appel, Chief Executive Officer, Deutsche Post DHL
26. Francesco Starace, Chief Executive Officer and General Manager, Enel
27. Carmine Di Sibio, Global Chairman and Chief Executive Officer, EY
28. Revathi Advaithi, Chief Executive Officer, Flex
29. Stefan Klebert, Chief Executive Officer, GEA Group
30. Poul Due Jensen, Group President and Chief Executive Officer, Grundfos
31. Helena Helmersson, Chief Executive Officer, H&M Group
32. Dolf van den Brink, Chairman of the Executive Board and Chief Executive Officer, Heineken
33. Stanley M. Bergman, Chairman of the Board and Chief Executive Officer, Henry Schein
34. Antonio Neri, President and Chief Executive Officer, Hewlett Packard Enterprise
35. Enrique Lores, President and Chief Executive Officer, HP
36. Noel Quinn, Group Chief Executive, HSBC
37. Ignacio S. Galán, Chairman and Chief Executive Officer, Iberdrola
38. Pablo Isla, Executive Chairman, Inditex
39. Aloke Lohia, Group Chief Executive Officer, Indorama Ventures
40. Steven van Rijswijk, Chief Executive Officer, ING
41. Jesper Brodin, Chief Executive Officer, Ingka Group I IKEA; Co-Chair, Alliance of CEO Climate Leaders
42. Steve Demetriou, Chair and Chief Executive Officer, Jacobs
43. Christian Ulbrich, Chief Executive Officer, JLL
44. George R. Oliver, Chairman and Chief Executive Officer, Johnson Controls International
45. Alex Liu, Managing Partner and Chairman of the Board, Kearney
45. Bill Thomas, Global Chairman and Chief Executive Officer, KPMG
47. Tex Gunning, Chief Executive Officer, LeasePlan
48. Hak Cheol Shin, Chief Executive Officer, LG Chem
49. H.S.H. Prince Max von und zu Liechtenstein, Chairman, LGT
50. Anish Shah, Managing Director and Chief Executive Officer, Mahindra & Mahindra
51. Alain Bejjani, Chief Executive Officer, Majid Al Futtaim
52. Jonas Prising, Chairman and Chief Executive Officer, ManpowerGroup
53. Brad Smith, President and Vice Chair, Microsoft
54. Mike Haigh, Executive Chair, Mott MacDonald
55. Mark Schneider, Chief Executive Officer, Nestlé
56. Tom Palmer, President and Chief Executive Officer, Newmont
57. David Knibbe, Chief Executive Officer, NN Group
58. Vas Narasimhan, Chief Executive Officer, Novartis
59. Lars Fruergaard Jørgensen, President and Chief Executive Officer, Novo Nordisk
60. Ester Baiget, President and Chief Executive Officer, Novozymes
61. Philippe Knoche, Chief Executive Officer, Orano Group
62. Mads Nipper, Chief Executive Officer, Ørsted
63. Nikesh Arora, Chief Executive Officer and Chairman, Palo Alto Networks
64. Torben Möger Pedersen, Chief Executive Officer, PensionDanmark
65. Ramon Laguarta, Chairman and Chief Executive Officer, PepsiCo
66. Robert E. Moritz, Global Chairman, PwC
67. Dimitri de Vreeze, Co-Chief Executive Officer and Managing Board Member, Royal DSM
68. Feike Sybesma, Honorary Chairman, Royal DSM; Founder and Co-Chair, Alliance of CEO Climate Leaders
69. Frans van Houten, Chief Executive Officer, Royal Philips
70. Mark Benioff, Chair and Chief Executive Officer, Salesforce
71. Christian Klein, Chief Executive Officer and Member of the Executive Board, SAP
72. Christian Levin, President and Chief Executive Officer, Scania
73. Jean-Pascal Tricoire, Chairman and Chief Executive Officer, Schneider Electric
74. Roland Busch, Chief Executive Officer, Siemens
75. Eric Rondolat, Chief Executive Officer, Signify
76. Ilham Kadri, Chief Executive Officer, Solvay
77. Takeshi Niinami, Chief Executive Officer, Suntory Holdings
78. Christian Mumenthaler, Group Chief Executive Officer, Swiss Re; Co-Chair, Alliance of CEO Climate Leaders
79. Christophe Weber, President and Chief Executive Officer, Takeda Pharmaceutical Company
80. Thachat Viswanath Narendran, Chief Executive Officer & Managing Director, Tata Steel
81. Börje Ekholm, President and Chief Executive Officer, Ericsson
82. Adolfo Orive, President and Chief Executive Officer, Tetra Pak
83. David S. Regnery, Chief Executive Officer, Trane Technologies
84. Donnie King, President and Chief Executive Officer, Tyson Foods
85. Alan Jope, Chief Executive Officer, Unilever
86. Henrik Andersen, President and Chief Executive Officer, Vestas Wind Systems
87. Thierry Delaporte, Chief Executive Officer and Managing Director, Wipro
88. Chano Fernandez, Co-Chief Executive Officer, Workday
89. Svein Tore Holsether, Chief Executive Officer and President, Yara
90. Wolf-Henning Scheider, Chairman of the Board of Management and Chief Executive Officer, ZF Group
91. Mario Greco, Group Chief Executive Officer, Zurich Insurance Group
