New 1.5°C Business Playbook will help businesses take exponential climate action.
The first Business Playbook for exponential action on climate emergency is being launched at the World Economic Forum in Davos. It supports the worldwide call to action for all companies to set sharp climate targets now and establish a strategy throughout their value chain, business proposition and beyond, which is aligned with the ambition to limit global warming to 1.5°C.
“We hope that all Swedish companies will take climate leadership and set a 1.5°C target in 2020. The Playbook can help them succeed in cutting their emissions in ten years. All companies in the Haga Initiative have agreed to reduce emissions to net zero by 2030, which means that we are in line with the 1.5°C target. The companies are backing this because it is possible to reduce emissions while being profitable. We have interviewed over 200 companies and see that there is consensus that their brand and that employer branding is strengthened by active climate work. The playbook will strengthen companies in their climate achievements,” Nina Ekelund, Executive Director of the business network Haga Initiative .
“The science makes clear that we need a fundamental reshaping of business and finance. Every board and every company must show a credible strategy to align with 1.5°C. This Playbook is an excellent guide for the necessary journey to net zero emissions, to prepare business for the fastest economic transition in history and help them drive it. It’s a guide for preserving a more liveable planet for future generations,” Christiana Figueres, Former head of the United Nations Framework Convention on Climate Change, Convenor of Mission 2020.
“We designed the 1.5°C Business Playbook to make it easy for businesses to set sharp targets and meet them through clear action. In fact, many companies can halve their emissions much faster than every decade,” says Johan Falk, Exponential Roadmap project, Senior Innovation Fellow, Stockholm Resilience Centre.
“This Playbook is aligned with the target to limit global warming to just 1.5°C. The only pathway left is massive emissions reductions across all business sectors in the next decade. We show that this is achievable,” says Johan Rockström, Director of Potsdam Institute for Climate Impact Research (PIK).
The strategy for business:
Reduce own emissions, halve every decade as a bare minimum - aim for much higher speed.
Reduce value chain emissions, halve every decade as a bare minimum - aim for much higher speed.
Integrate climate in business strategy, and shift focus to sustainable solutions and business models.
Influence climate action in society.
Download the 1,5°C Business Playbook here.