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Commentary: Business will play critical role in 2018 climate actions

Author: Andrew Steer, World Resources Institute & Grant F. Reid, Mars, Eco-Business, Published on: 30 January 2018

"Why 2018 is the year for business to step up climate action", 25 Jan 2018

...New policies and market trends show that a low-carbon transition, as envisioned in the 2015 Paris Agreement, is accelerating around the world – but not fast enough...

...Business has a critical role to play in achieving the scale of decarbonization needed…[S]ome large companies with global supply chains account for greenhouse gas emissions equivalent to those of entire countries: Mars, Incorporated has a carbon footprint similar in scale to Panama’s. With this scale comes responsibility...

…Now is the time for industry to transform its role in creating a more sustainable world. Companies that prioritize clean technology, like renewables, and avoid investing in high-carbon infrastructure are not only being environmentally responsible, they are also future-proofing their growth...

…[B]usinesses are essential partners for governments as they work to achieve their climate targets…The private sector has a unique opportunity to help shape…national climate strategies, and inform a clear policy direction from governments, which will help businesses invest with more confidence in the low-carbon economy… Business leaders can also make their corporate climate goals relevant to countries’ climate goals, as outlined in the Global Action Playbook 2018 developed by the UN Global Compact and World Resources Institute…[also refers to Carlsberg, Fujitsu, GlaxoSmithKline, Hewlett Packard, Nestle, PepsiCo, Pfizer, Walmart & Xerox]

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