Global Corporations Urge Net-Zero Emissions Recovery from COVID-19

155 companies — with a combined market capitalization of over US$ 2.4 trillion and representing over 5 million employees — have signed a statement urging governments around the world to align their COVID-19 economic aid and recovery efforts with the latest climate science.

As debates on recovery packages around the world ramp up in the coming weeks, the companies, which are all part of the Science Based Targets initiative, are calling for policies that will build resilience against future shocks by supporting efforts to hold global temperature rise to within 1.5°C above pre-industrial levels, in line with reaching net-zero emissions well before 2050.

The signatories span 34 sectors and have headquarters in 33 countries. They include: Abdi Ibrahim Pharmaceuticals, ACCIONA, Accor, Adobe, Agder Energi, Arabesque, Arc’teryx Equipment, AstraZeneca, Auchan Retail Portugal, Bayer, Beiersdorf, BIAL, Bonava, Burberry, Capgemini, Cargotec, Carlsberg Group, Cellnex, CEWE Stiftung & Co. KGaA, City Developments Limited, CMA CGM, Coca-Cola European Partners, Colgate Palmolive Company, Corbion, Cranswick, Dalberg Advisors, Dalmia Cement (Bharat) Limited, Danfoss Group, Diageo, Diam Group, dormakaba, Dutch-Bangla Pack, EcoVadis, EDF Group, EDP Energias de Portugal, Electrolux, En+ Group, Enel, ERM, Europcar Mobility Group, Ferrocarrils de la Generalitat de Catalunya, Firmenich, Gleeds, Glovo, Grundfos Holding, Grupo Red Eléctrica, H. Lundbeck, H&M Group, Henkel, Hewlett Packard Enterprise, Husqvarna Group, HP Inc., Iberdrola, ICA Gruppen, Inditex, Ingka Holding, Inter IKEA Group, Intuit, JLL, Kearney, Kelani Valley Plantations, Kuehne + Nagel Management, LafargeHolcim, Legrand, Lojas Renner, Maeda Corporation, Magyar Telekom, Mars, Marshalls, Marui Group, Media 6, Movida Participações, MP Pension, Natura & Co., Nestlé, Nomad Foods, Novartis, Novo Nordisk, NR Instant Produce Public Company, O. T. Sports Manufacture, Orange, Orbia Advance, Orkla, Ørsted, Pearson, PensionDanmark, Pernod Ricard, PVH Corp., Refinitiv, Ronald Lu & Partners, Royal DSM, RSE (Ross-shire Engineering), Safaricom, Saint-Gobain, Salesforce.com inc., Sanofi, Scania, Scapa Inter, Schneider Electric, Schüco International, SIG Combibloc, Signify, Sky, SkyPower Global, Sofidel, Sonae Sierra, Sopra Steria Group, Stora Enso Oyj, SUEZ, Symrise, Syngenta Group, Takasago International Corporation, Talawakelle Tea Estates, Tate & Lyle, Tech Mahindra, Telefonica, The Co-op, The Lux Collective, TMG Automotive, Unilever, Vattenfall, Vaude Sport, Verbund, Vestas Wind Systems, Vodafone Group, Wipro, Yarra Valley Water, YKK Corporation, and Zurich Insurance Group, amongst others.

The statement comes as governments around the world are preparing trillions of dollars worth of stimulus packages to help economies recover from the impacts of the coronavirus pandemic, and as they prepare to submit enhanced national climate plans under the Paris Agreement. In the coming weeks, several major economies will take key decisions in their recovery efforts, including the European Union Recovery Plan, new stimulus packages from the United States of America and India, and the G7 Heads of State summit in June.

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