During the UN climate conference COP27, the We Mean Business Coalition participated in the COP27 Climate Hub broadcast, an on-site and digital broadcast hosted by We Don’t Have Time from Sharm El-Sheikh in Egypt. Rasmus Valanko, Managing Director at the We Mean Business Coalition joined the broadcast from Sharm El-Sheikh to talk about the role that business must take, and is taking, in reducing global emissions and pushing for climate-friendly policies.
Rasmus Valanko joined the COP27 Climate Hub on November 17 to talk about how policymakers must recognize the momentum that the business sector has in terms of climate action.
In the Exponential Solutions: Food & Nature broadcast in the COP27 Climate Hub, the We Mean Business Coalition brought a simple message: To be climate leaders, companies must reduce their emissions as much as they can, but they must also invest in nature-based solutions. We Mean Business Coalition’s definition of climate leadership is divided into four key areas: Ambition, Action, Advocacy and Accountability. This means that companies must be guided by science in their climate targets, take action, be consistent in their advocacy toward customers and governments, and disclose their progress on climate plans. Investing more in nature is an integral part of this, as it can represent 30% of the solution but only receives 3% of the funding. But this can not replace emission reductions - companies need to do both.
Watch Rasmus’ full keynote on this subject:
https://youtu.be/8sZctpxYYGI?t=20851
The We Mean Business Coalition also brought the voice of companies to COP27 in the form of several campaigns. On November 14th, the CEO of the We Mean Business Coalition, Maria Mendiluce, joined the COP27 Climate Hub to talk about the Coalition’s call on companies to defend the 1.5°C target.
“1.5° is not a target, it is a limit. We cannot go beyond this and have a liveable planet, and the business community is strongly standing up. We have over 200 businesses, all the big business groups: International Chamber of Commerce, UN Global Compact, the We Mean Business Coalition partners, and many more that have said that enough is enough. 1.5°C is the limit. Let’s not re-open that negotiation.” said Maria during a special segment dedicated to this topic.
Rasmus Valanko also joined the COP27 Climate Hub again on November 17th to support another campaign from businesses calling on world leaders to takeclimate action — the #WeCanDoIt campaign. He reiterated the fact that companies are taking climate action, and seeing very positive results from it. It is time that policymakers act with the same conviction so that we can bring every company to the same level of ambition to ensure we halve emissions by 2030.
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73 w
Great targets you are pushing... Ambition, Action, Advocacy and Accountability... They are very great virtues that each company should consider.
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74 w
This gives hope.
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Very inspiring
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It was great to see the energy that WMB brought to COP27 - the business sector really stepped up and pushed the world leaders for more action, which is sorely needed right now!