Second, what came out loud and clear is that companies don`t need to be convinced to become more climate-friendly. They see the impact of climate change on their businesses and are ready to respond to it. A recent study by We Mean Business showed that companies get an average IRR of 27 percent for low-carbon investments. What we need is a concise business case about the opportunities that benefit their end result and the right rules to support them. I hope that the Paris Agreement is the signal they were looking for. However, it should be noted that companies with their head office are dominated in high-income countries, with only 6% of companies with validated targets located outside the OECD. Meanwhile, Japan was recently the first government to announce public sector support for companies that set sound science goals. The goal of the world`s largest economy is to achieve 100 targets approved by Japan by 2020. There are currently 52. These companies are committed to working alone and in partnership with governments to mobilize the technology, investment and innovation needed to transition to a sustainable and climate-neutral economy. There are 195 countries that, under the 2015 agreement, committed to reducing their greenhouse gas emissions. Kevin Kennedy, a senior fellow at the World Resources Institute, also stressed the need for companies to influence policy, especially at the federal level. “Getting people in Congress to know that the business community supports rapid action on climate policy will be incredibly important,” he said.

A new report, released this week by ethical online retailer A Good Company, also urges caution. According to a study by the Swedish company, only 6% of the strategic goals published by Fortune 500 companies relate to sustainability or climate change. In fact, 411 of the companies don`t even mention climate in their strategic statements. The report describes the results as evidence of the “same old and same old” and identifies as predominant the terms “customer” (mentioned in 191 strategic priorities), “growth” (137) and “innovation” (102). However, 30 companies, including GM, Alcoa and International Paper, are focusing at least 25% of their strategic priorities in the fight against the climate. The average timeframe for climate targets is 2023 (compared to the average of all 2021 targets). “The fact is, no matter what one of our companies does, we need to look beyond our four walls to really evolve to get to the solutions we need,” said Michelle Patron, director of sustainability at Microsoft. .

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