Multinational corporations join together to accelerate climate action

Major multinational corporations have launched a new ‘1.5°C Supply Chain Leaders’ group. 

The Exponential Roadmap who launched the group aims to bring together technology innovators, scientists, companies and NGOs, the aim is to accelerate climate action through collaboration.

The roadmap already includes leaders from IKEA, BT Group, Ericsson and Unilver.

The leaders have all set targets to halve their absolute greenhouse gas emissions before 2030 and to reach net-zero emissions throughout their supply chain before 2050.

The initiative has highlighted the 36 solutions that can be used to halve greenhouse gas emissions worldwide.

The companies have all made the following commitments:

  1. To reduce greenhouse gas emissions across their value chain
  2. To work with suppliers and business partners to halve emissions before 2040
  3. To recognise the challenges this poses to suppliers and continuing to support them

At the same time, the leaders have also launched a new SME Climate Hub. This is a climate action platform dedicated to small and medium-sized enterprises (SMEs).

The Hub will encourage SMEs to commit to halve their greenhouse gas emissions before 2030 and reach net-zero emissions before 2050.

This commitment, which will be globally recognized by the United Nations Race to Zero campaign, will enable SMEs to take advantage of accessible tools and resources to help them reduce emissions and build resilience.

The platform will use these tailored resources with opportunities for businesses to unlock direct commercial incentives.

Henrik Elm, global supply manager at IKEA said: ‘IKEA is committed to working closely together with our supply chain partners to reduce absolute greenhouse gas emissions from production by 80% by 2030.

‘We are proud to be a 1.5°C Supply Chain Leader and to contribute to facilitating the climate journey for small and
medium-sized enterprises (SMEs).

‘We will not be able to limit climate change by working alone. Only by working together will we show that it is possible.’

Photo Credit – Pixabay

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Pippa Neill

Pippa Neill

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