The Intergovernmental Panel on Climate Change’s Sixth Assessment Report released this year was unequivocal about the severity of climate change and the UN Climate Change’s (UNFCCC) Nationally Determined Contributions (NDCs) Synthesis Report indicates that global greenhouse gas (GHG) emissions are on course to rise by 16% by 2030, compared to 2010 levels. The world needs urgent climate action, and while global leadership is required from governments, business is already stepping up to drive real economy action.
WBCSD’s Business Manifesto for Climate Recovery (Manifesto), launched at COP26 in the Business Pavilion, is the first time that the world’s most sustainable, ambitious businesses have used their collective voice to outline what is required to accelerate the global climate recovery. The Manifesto sets out of twelve action priorities framed around reducing, removing, and reporting emissions and highlights the public-private collaboration required to drive climate action.
There is currently no mechanism to measure the private sector’s contribution to climate recovery, so, as part of the Manifesto, WBCSD calls for a new Corporate Determined Contributions (CDCs) mechanism to measure the private sector’s contribution to the global climate recovery.