Sixty businesses, making up nearly 50% of New Zealand’s emissions, have joined forces to tackle climate change. Together they have formed a Climate Leaders Coalition and signed a CEO Climate Change Statement. The statement pledges to measure and publicly report on greenhouse gas emissions, work to reduce emissions consistent within 2°C of warming and to support the introduction of a climate commission and carbon budgets enshrined in law.
The coalition represents a variety of businesses from different industries and includes some of New Zealand’s biggest companies, such as Air New Zealand, New Zealand Post and Ngai Tahu Holdings. The fact that companies accounting for nearly 50% of New Zealand’s emissions have agreed to commit to the Paris Agreement further demonstrates the key role the corporate sector has to play in decarbonising the global economy.
Will this pledge encourage further companies to join the coalition? Will we see similar coalitions form in other countries?