Major companies join climate fight

Dozens of major companies have signed onto various agreements to mitigate climate change as part of the United Nations’ climate summit.

Through the agreements, private sector corporations have endorsed putting a price on carbon emissions, engaging responsibly in climate policy, reducing deforestation and keeping global warming below 2 degrees Celsius, among other pledges.

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One agreement was organized by the Caring for Climate initiative, organized by the UN.

“The Caring for Climate initiative is fully aligned with our own explicit commitments, which reflect our respect for the society in which we operate, respect for the environment, and respect for future generations” Jose Lopez, executive vice president of Switzerland-based food producer Nestlé, said in a statement.

“Climate change must ultimately be addressed through mutually beneficial collaboration and multi-stakeholder channels to be effective,” he said.

Netherlands-based Unilever signed an agreement to help end forest loss.

“Consumers have sent companies a clear signal that they do not want their purchasing habits to drive deforestation and companies are responding,” Paul Polman, chief executive officer of Unilever, said in a statement.

The World Bank Group organized an agreement signed by more than 1,000 businesses and 73 countries endorsing carbon pricing.

The companies signing on were a diverse mix, including Royal Dutch Shell, PepsiCo Inc., Ernst & Young and Airbus Group.

“An effective system will increase incentives for the aviation industry to accelerate the introduction of low-carbon technology and lock in the great potential to decarbonize air transport,” William Walsh, chief executive officer of British Airways’ parent company, said in a statement.