Dozens of corporations call for climate change considerations in coronavirus recovery effort

Getty Images

More than 150 companies representing over 5 million employees signed onto a statement this week calling on leaders around the world to “align” their economic aid and recovery efforts with climate efforts amid the ongoing coronavirus pandemic.

“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 Science Based Targets initiative, the United Nations Global Compact and the We Mean Business coalition said in a Tuesday release.

The 155 companies include 34 sectors and have headquarters in 33 different countries, according to the release. Some notable companies signed on include Adobe Inc., Unilever PLC, H&M Hennes & Mauritz AB, Nestle SA and Inc., among others. 

In the statement, the businesses call for leaders to “demonstrate that the best decisions and actions are grounded in science,” “invest in recovery and resilience for a systemic socio-economic transformation” and “work with Government and scale up the movement.”

“If we work together, these efforts will help reduce vulnerability to future shocks and disasters, and build community resilience. A systemic shift to a zero-carbon and resilient economy is within our reach — our only future depends on making this vision a reality,” the statement said.

U.N. Secretary-General António Guterres said in the Tuesday release that “Saving lives and livelihoods, and building a prosperous, inclusive and sustainable future, are at the heart of our efforts to recover from COVID-19.”

“We can beat the virus, address climate change and create new jobs through actions that move us from the grey to green economy. Many companies are showing us that it is indeed possible and profitable, to adopt sustainable, emission-reducing plans even during difficult times like this. I warmly welcome the ambitious, science-based actions we are seeing from leading companies who are demonstrating to policy-makers that green growth remains the best growth strategy,” he continued.

All of the companies that signed onto the statement are part of the Science Based Targets Initiative, according to the Wall Street Journal.

The organization’s goal is to limit the global temperature rise to 1.5 degrees Celsius.

Tags Climate change Coronavirus economy United Nations
See all Hill.TV See all Video