An excerpt from the letter states, "To restore the standing of the U.S. as a global leader, we need to address the climate crisis at the pace and scale it demands. Specifically, the U.S. must adopt an emissions reduction target that will place the country on a credible pathway to reach net-zero emissions by 2050. We, therefore, call on you to adopt the ambitious and attainable target of cutting GHG emissions by at least 50 pct below 2005 levels by 2030."
The letter demonstrates the U.S. business and investor communities' strong support for a highly ambitious 2030 emissions reduction target, or Nationally Determined Contribution (NDC) pursuant to the Paris Agreement, in pursuit of reaching net-zero emissions by 2050. Latest climate modeling shows that at least halving emissions by 2030 is achievable, and provides strong economic benefits. The Biden administration is expected to announce its NDC prior to the Leaders Summit on Climate.
Business signatories of the letter collectively represent over $3 trillion in annual revenue and employ nearly 6 million U.S. workers across all 50 states. They range in size from small- and medium-sized enterprises (SMEs) to large multinational corporations, and represent a number of industries. Investor signatories collectively represent more than $1 trillion in assets under management and include CalSTRS, the New York State Comptroller, the New York City Comptroller and the California State Controller's Office, among others.
"The U.S. business community is committed to doing its part to reduce emissions because it is good for the economy and helps us build back better. Companies want to work with the Biden administration toward a better future for all," said Maria Mendiluce, CEO of the We Mean Business coalition. "I applaud businesses and investors for raising their voices in support of at least halving U.S. emissions by 2030. This is what the climate crisis requires, and will strengthen the country's competitiveness and create more good jobs"
"A strong national emissions reduction target is just what we need to catalyze a net-zero emissions future and build back a more equitable and inclusive economy," said Anne Kelly, vice president of government relations at Ceres. "Businesses of all sizes recognize that reducing emissions is vital to keeping the U.S. competitive, and protecting the health and well-being of people and the planet. By setting a strong target, the Biden administration can ensure the U.S. is ready to return to its role as a global climate leader and spur further action from the private sector."
We Mean Business is a global coalition of nonprofit organizations working with the world's most influential businesses to take action on climate change. The coalition brings together seven organizations: BSR, CDP, Ceres, The B Team, The Climate Group, The Prince of Wales's Corporate Leaders Group and the World Business Council for Sustainable Development. Together we catalyze business action to drive policy ambition and accelerate the transition to a zero-carbon economy.
Business signatories to the letter include Apple; Ben & Jerry's Homemade, Inc.; BT Americas; Boston Consulting Group; Burton; Coca-Cola; Danone North America; DSM North America; Edison International; Facebook; GAP Inc.; General Electric; Google; H&M; Hewlett Packard Enterprise; HP Inc.; IKEA Retail U.S.; Johnson & Johnson; Kellogg Company; LafargeHolcim; Levi Strauss & Co.; Lyft, Inc.; MARS; Mastercard; McDonald's Corporation; Microsoft; National Grid; New Belgium Brewing; Nestle; Nike; Novozymes North America; Orsted North America; Ralph Lauren Corp.; Schneider Electric; Siemens; Solvay; Starbucks; Tiffany & Co; Unilever; Verizon; VF Corporation; and Walmart, among others.
(Source: We Mean Business Coalition, PR, Apr., 2021) Contact: We Mean Business Coalition, Maria Mendiluce, CEO, Kristen King, 904-608-1745,
More Low-Carbon Energy News Climate Change,
HPE expects the three-year collaboration to train machine learning models to detect anomalies so that energy efficiency issues can be predicted and prevented.
(Source: HPE, Storage Review, 18 Nov., 2019) Contact: HPE, www.hpe.com; NREL, www.nrel.gov
More Low-Carbon Energy News Hewlett Packard, Energy Efficiency, NREL ,
Participating companies include: Acciona, AstraZeneca, Banka BioLoo, BT, Dalmia Cement Ltd., Eco-Steel Africa Ltd., Enel, Hewlett Packard Enterprise, Iberdrola, KLP, Levi Strauss & Co., Mahindra Group, Natura &Co, Novozymes, Royal DSM, SAP, Signify, Singtel, Telefonica, Telia, Unilever, Vodafone Group PLC and Zurich Insurance, amongst others, collectively representing over one million employees from 17 sectors and more than 16 countries.
(Source: UN Global Compact, PR, COMTEX, 23 July, 2019) Contact: UN Global Compact, (212) 907-1301, www.unglobalcompact.org; Science Based Targets Initiative, +44 (0) 20 3818 3916,
Sarah.Savage@cdp.net, www.sciencebasedtargets.org; We Mean Business Coalition, Kristen King, (904) 608- 1745
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By 2035 all of HP's global operations will be powered by 100 pct renewable electricity and the amount of recycled plastics used in HP personal computers and printers will hit 30 pct by 2025, according to the report.
HP also says its sustainable impact programmes drove almost $1 billion of new revenue in 2018 -- up 35 pct on 2017.
In addition, HP noted that it has an approved Science-Based Target (SBT) in place to cut its direct GHG emissions 25 pct by 2025, against a 2015 baseline, alongside a goal to cut emissions associated with the use of its products by a quarter by 2020.
The company also plans to cut its supply chain emissions by 10 pct by 2025, against a base year of 2015. (Source: HP, BusinessGreen, 15 June, 2019) Dion Weisler, HP's president and CEO www.hpe.com;
Science-Based Targets Initiative, www.sciencebasedtargets.org
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Participating coalition companies commit to activate their supply chains, advocate for strengthened political and regulatory mechanisms, and work together to reduce greenhouse gas (GHG) emissions across every sector of society.
The coalition, which includes Akamai Technologies, Bloomberg, Cisco Systems, Hewlett Packard and 17 others,
was formed in response to a challenge issued in May 2018 by former UNFCCC Exec. Sec. Christiana Figueres urging the technology sector to "step up" its actions on climate change. (Source: Step Up Declaration, Oct., 2018) Contact: Step Up Declaration, www.stepupdeclaration.org
More Low-Carbon Energy News Christiana Figueres, Climate Change, Carbon Emissions,