The heads of nine companies announced the establishment of a new initiative, known as “Transform to Net Zero”, to develop and deliver research, guidance, and implementable roadmaps to enable all businesses to achieve net zero emissions.
The Initiative will be led by A.P. Moller-Maersk, Danone, Mercedes-Benz AG, Microsoft Corp., Natura &Co, NIKE, Inc., Starbucks, Unilever, Wipro and Environmental Defense Fund (EDF).
Brad Smith, President, Microsoft, said, “No one company can address the climate crisis alone. That’s why leading companies are developing and sharing best practices, research, and learnings to help everyone move forward. Whether a company is just getting started or is well on its path, Transform to Net Zero can help us all turn carbon commitments into real progress toward a net zero future”.
The initiative will focus on enabling the business transformation needed to achieve net zero emissions before 2050, and drive broader change with a focus on policy, innovation, and finance. The Initiative expected to complete the outputs of this work by 2025.
The work will be focused on following principles:
- Focused on transformation
- Led by science and best practice data and methods
- Leveraging existing efforts
- Strong governance and oversight
- Robust reduction and removal across the extended enterprise
- Investment in innovation
- Policy engagement
- Transparency and accountability
- Just and sustainable transition
Søren Skou, CEO of A.P. Moller – Maersk, said, “The overall target of keeping global warming below 1.5 degrees can only be reached through strong alliances across sectors and businesses. We are therefore happy to join Microsoft and other global companies in the Transform to Net Zero initiative”.
Aron Cramer, President and CEO of BSR, said, “More than just setting a high bar for inspiration, Transform to Net Zero will provide companies with an actionable roadmap enabling them to transform their businesses to thrive in and shape a net zero economy”.
Emmanuel Faber, Chairman and CEO of Danone, said, “I truly believe in the collective power of Transform to Net Zero. Let’s share best practices and build new systems to create the evidence-based solutions that will help us drive the change and keep global warming under 1.5°C”.
Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG, said, “If there is one lesson we can learn from dealing with the COVID-19-pandemic it is how much we can achieve if we act together.. That’s why we are joining ‘Transform to Net Zero.’ Our mission at Mercedes-Benz is CO2-neutral mobility”.
You can read more details here.