A new initiative aimed at accelerating the transition to a new zero global economy and backed by nine major companies, including A.P. Moller – Maersk, has been established.
Known as Transform to Net Zero, the initiative intends to develop and deliver research, guidance and implementable roadmaps to enable all business to achieve net zero emissions by 2050 at the latest.
Søren Skou, CEO of A.P. Moller – Maersk, said: “To contribute to the Paris agreement’s goal, we announced our ambition of having net-zero CO2 emissions by 2050 back in 2018. Since then we have taken several concrete actions to decarbonise the industry.
“The overall target of keeping global warming below 1.5°C can only be reached through strong alliances across sectors and businesses.”
In addition to Maersk the initiative is supported by companies such as Danone, Mercedes-Benz AG, Microsoft Corp, Natura & Co, Nike, Starbucks, Unilever, Wipro as well as Environmental Defence Fund (EDF).
Business for Social Responsibility (BSR), a global non-profit organisation, will act as the initiative’s secretariat.
Aron Cramer, president and CEO of BSR, said: “Our window for staying under 1.5°C of warming is closing, and fast.
“We are now in a decisive decade, in which we must urgently decarbonise the economy, if we are to stave off the worst impacts of climate change.”
The initiative will focus on delivering each companies individual commitments, utilising the best practice data and methods available as well as leveraging existing efforts available and investing in innovation.
Transform to Net Zero aims to publicly report and disclose its progress towards its goal to key stakeholders.