CEOs from some of the world’s biggest companies are demanding world leaders to drastically step up their efforts to limit global warming to 1.5°C.
”To move from pledges to impact and accelerate action at scale, governments and businesses need to combine efforts and address obstacles, such as complex and inefficient policy, permitting and reporting frameworks”, they write in an open letter ahead of the upcoming UN Climate Conference COP29 in Baku.
CEOs and Senior Executives from Maersk, Iberdrola, ABB, Carlsberg, Volvo, Deutsche Bank, DHL, H&M, and more than 100 other large international corporations in the Alliance of CEO Climate Leaders have signed the open letter. Between 2019 and 2022, alliance members slashed aggregate emissions by 10% while delivering aggregate revenue growth of 18% in the same period.
Combined, the companies represent $4 trillion in revenues and 12 million employees.
Ahead of COP29, the 115 CEOs, including 48 First Movers Coalition and 27 regional CEO climate group members, are making the following policy asks to regulators and policy-makers to improve the business case for climate action and spur investment:
1. Develop ambitious, credible and investable Nationally Determined Contributions (NDCs)
2. Scale up climate finance from billions to trillions and de-risk private capital flows
3. Remove transition obstacles to deliver on COP28 pledges
4. Support breakthrough technologies to reach commercial scale and complement cost-competitive solutions
”We stand ready to collaborate with governments and peers to build on COP28 momentum at COP29 and beyond. By working together and taking the actions outlined in this letter, we can drive more action on climate and avoid every fraction of a degree of warming”, write the business leaders.
All signatories to date:
1. Vincent Clerc, Chief Executive Officer, A.P. Moller-Maersk
2. Morten Wierod, President and Chief Executive Officer, ABB Ltd
3. Robert Swaak, Chief Executive Officer, ABN AMRO
4. Julie Sweet, Chair and Chief Executive Officer, Accenture
5. José Manuel Entrecanales, Chairman and Chief Executive Officer, Acciona
6. Kjetel Digre, Chief Executive Officer, Aker Solutions AS
7. Tom Erixon, President and Chief Executive Officer, Alfa Laval
8. Jerome Frost, Chair, Arup Group
9. Pascal Soriot, Chief Executive Officer, AstraZeneca
10. Caspar Herzberg, Chief Executive Officer, Aveva
11. Christophe De Vusser, Worldwide Managing Partner and Chief Executive Officer, Bain & Company
12. Daniel W. Fisher, Chairman and Chief Executive Officer, Ball Corporation
13. Ana Botin, Group Executive Chairman, Banco Santander
14. Bill Anderson, Chief Executive Officer, Bayer
15. Carlos Torres Vila, Chair, BBVA
16. Hakan Bulgurlu, Chief Executive Officer, Beko
17. Christoph Schweizer, Chief Executive Officer, Boston Consulting Group
18. Rich Lesser, Global Chair, Boston Consulting Group; Chief Advisor, Alliance of CEO Climate Leaders
19. Aiman Ezzat, Chief Executive Officer, Capgemini
20. Jacob Aarup-Andersen, Chief Executive Officer, Carlsberg Group
21. Fernando A. Gonzalez, Chief Executive Officer, Cemex
22. Zoran Bogdanovic, Chief Executive Officer, Coca-Cola HBC AG
23. Luciano Francisco Alves, Chief Executive Officer, Companhia Brasileira de Aluminio
24. Samer S. Khoury, Chairman, Consolidated Contractors Company (CCC)
25. Feike Sijbesma, Chairman, Royal Philips; Co-Chair, Alliance of CEO Climate Leaders
26. Joe Ucuzoglu, Global Chief Executive Officer, Deloitte
27. Hiroshi Igarashi, Representative Executive Officer, President and Global Chief Executive Officer, dentsu
28. Christian Sewing, Chief Executive Officer, Deutsche Bank AG
29. Tobias Meyer, Chief Executive Officer, DHL Group
30. Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer, DP World
31. Will Gardiner, Group Chief Executive Officer, Drax
32. Dimitri de Vreeze, Chief Executive Officer, dsm-firmenich
33. Christophe Beck, Chairman of the Board and Chief Executive Officer, Ecolab
34. Coen van Oostrom, Founder and Chief Executive Officer, EDGE
35. Miguel Stilwell d'Andrade, Chief Executive Officer, EDP
36. Flavio Cattaneo, Chief Executive Officer, Enel
37. Catherine MacGregor, Chief Executive Officer, ENGIE
38. Juan Guisasola, Chief Executive Officer, EGUI
39. Bernard Delvaux, Chief Executive Officer, Etex NV
40. Janet Truncale, Global Chair and Chief Executive Officer, EY
41. Revathi Advaithi, Chief Executive Officer, Flex
42. David John Haines, Group Chief Executive Officer, Flora Food Group
43. Andrew Forrest, Executive Chairman and Founder, Fortescue Metals Group
44. Stefan Klebert, Chief Executive Officer, GEA Group
45. Jörgen Rosengren, President and Chief Executive Officer, Gränges AB
46. Poul Due Jensen, Group Chief Executive Officer and President, Grundfos
47. Daniel Ervér, Chief Executive Officer, H&M Group
48. Dolf van den Brink, Chief Executive Officer and Chairman of the Executive Board, Heineken NV
49. Carsten Knobel, Chief Executive Officer, Henkel
50. Stanley M. Bergman, Chairman of the Board and Chief Executive Officer, Henry Schein
51. Antonio Neri, President and Chief Executive Officer, Hewlett Packard Enterprise
52. Arun Misra, Chief Executive Officer, Hindustan Zinc
53. Toshiaki Higashihara, Executive Chairman, Hitachi Ltd.
54. Andreas Waage Enger, Chief Executive Officer, Höegh Autoliners
55. Miljan Gutovic, Chief Executive Officer, Holcim
56. Enrique Lores, President and Chief Executive Officer, HP Inc.
57. Ignacio Sánchez Galán, Executive Chairman, Iberdrola
58. Óscar García Maceiras, Chief Executive Officer, Inditex
59. Aloke Lohia, Group Chief Executive Officer, Indorama Ventures
60. Salil Parekh, Chief Executive Officer and Managing Director, Infosys Limited
61. Steven van Rijswijk, Chief Executive Officer, ING
62. Jesper Brodin , Chief Executive Officer, Ingka Group (IKEA); Co-Chair, Alliance of CEO Climate Leaders
63. Christian Ulbrich, Chief Executive Officer and President, JLL
64. George Oliver, Chairman and Chief Executive Officer, Johnson Controls
65. Bob Willen, Managing Partner and Chairman, Kearney
66. Cenk Alper, Chief Executive Officer and Board Member, Sabancı Holding
67. Hak Cheol Shin, Chief Executive Officer, LG Chem
68. HSH Prince Max von und zu Liechtenstein, Chairman, LGT Group
69. Hanneke Faber, Chief Executive Officer, Logitech
70. Dr. Anish Shah, Group Chief Executive Officer and Managing Director, Mahindra Group
71. Ahmed Galal Ismail, Chief Executive Offiver, Majid Al Futtaim Holding
72. Jonas Prising, Chairman and Chief Executive Officer, ManpowerGroup
73. Bob Sternfels, Global Managing Partner, McKinsey & Company
74. Takeshi Hashimoto, President and Chief Executive Officer, Mitsui O.S.K. Lines, Ltd.
75. Laurent Freixe, Chief Executive Officer, Nestlé
76. Tom Palmer, President and Chief Executive Officer, Newmont Corporation
77. David Knibbe, Chief Executive Officer, NN Group
78. John Vergopoulos, Chief Executive Officer, Norge Mining PLC
79. Ester Baiget, President and Chief Executive Officer, Novonesis; Co-Chair, Alliance of CEO Climate Leaders
80. Mads Nipper, Chief Executive Officer, Ørsted
81. Nikesh Arora, Chief Executive Officer and Chairman, Palo Alto Networks
82. Peter Stensgaard Mørch, Chief Executive Officer, PensionDanmark
83. Ramon Laguarta, Chairman of the Board of Directors and Chief Executive Officer, PepsiCo
84. Mohamed Kande, Global Chairman, PwC
85. Sumant Sinha, Chairman and Chief Executive Officer, ReNew; Co-Chair, Alliance of CEO Climate Leaders
86. Blake Moret, Chairman and Chief Executive Officer, Rockwell Automation
87. Stefan Georg Schaible, Global Managing Partner, Roland Berger
88. Roy Jakobs, Chief Executive Officer, Royal Philips
89. Marc Benioff, Chair and Chief Executive Officer, Salesforce
90. Christian Klein, Chief Executive Officer, SAP SE
91. Peter Herweck, Chief Executive Officer, Schneider Electric
92. Dr. Roland Busch, President and Chief Executive Officer, Siemens AG
93. Kenichiro Yoshida, Chairman and Chief Executive Officer, Sony Group Corporation
94. Martin Lindqvist, President and Chief Executive Officer, SSAB AB
95. Bill Winters, Group Chief Executive, Standard Chartered Bank
96. Takeshi Niinami, President and Chief Executive Officer, Suntory Holdings
97. Andreas Berger, Group Chief Executive Officer, Swiss Re
98. Dr. Ilham Kadri, Chief Executive Officer, Syensqo
99. Christophe Weber, Representative Director, President and Chief Executive Officer, Takeda Pharmaceutical Company
100. T V Narendran, Chief Executive Officer and Managing Director, Tata Steel
101. Jonathan Price, President and Chief Executive Officer, Teck Resources Limited
102. Sigve Brekke, President and Chief Executive Officer, Telenor Group
103. Roeland Baan, President and Chief Executive Officer, Topsoe
104. Dave Regnery, Chair and Chief Executive Officer, Trane Technologies
105. Bart Sap, Chief Executive Officer, Umicore
106. Hein Schumacher, Chief Executive Officer, Unilever
107. Anna Borg, President and Chief Executive Officer, Vattenfall
108. Lars Petersson, Chief Executive Officer, VELUX
109. Henrik Andersen, President and Chief Executive Officer, Vestas Wind Systems
110. Martin Lundstedt, President and Chief Executive Officer, Volvo AB
111. Jim Rowan, President and Chief Executive Officer, Volvo Cars
112. Lasse Kristoffersen, President and Chief Executive Officer, Wallenius Wilhelmsen Group
113. Srinivas Pallia, Chief Executive Officer and Managing Director, Wipro Limited
114. Svein Tore Holsether, Chief Executive Officer and President, Yara International
115. Mario Greco, Group Chief Executive Officer, Zurich Insurance Group
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We all need to come together as nations and decide to deal with climate change as a whole and I believe we'll make it out.
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To tackle the climate crisis effectively, breaking down silos and fostering partnerships will be crucial for implementing impactful policies
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A great advocacy from these great economy leaders that must be adhered to by all the world leaders around the globe.
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This kind of collaboration is very encouraging.
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The executives have taken a bold move in addressing their concerns which should be well articulated at the upcoming COP 29.
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The merging of the ceos is really going to be impactful,,,,,as they will be taking different policy implementation towards climate action
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Let’s hope this momentum translates into concrete actions that make a real impact!..
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Businesses can be powerful allies in the fight against climate change. It’s time for governments to meet them halfway!
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This is very encouraging. Their support adds significant weight to the urgency of addressing climate change. It is essential for world leaders to heed this call and prioritize sustainable policies for the benefit of our planet and future generations.
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Its quite evident that many nations, institutions and organizations are doing too little or nothing to reduce emissions. These 100 leaders understand the need for robust actions to avert a tragedy.
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This level of support puts greater pressure on governments to enact stronger policies and solutions at a critical juncture for our planet.
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It is encouraging to see over 100 CEOs advocating for stronger climate action, emphasizing the need for collaboration between governments and businesses to achieve meaningful progress.💚👏👏