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Alliance of CEO Climate Leaders Summary of Alliance activities

Introduction

The Alliance of CEO Climate Leaders seeks to maintain private sector momentum for ambitious climate action, foster cross-sector and public-private collaboration that can help scale up climate solutions, and help shape support for the delivery of the Paris Agreement and the sustainable development goals. The group represents business leaders from diverse industry sectors and regions who use their position and influence to drive change.

About the Alliance

At the World Economic Forum Annual Meeting 2015, 51 CEOs provided a strong business voice when, ahead of meetings between governments to negotiate the Paris Agreement in 2015, they publicly called upon governments to "take bold action at the Paris climate conference (COP 21) in December 2015 to secure a more prosperous world for all of us. We are already taking action, and we stand ready to work together with the international community to help deliver practical climate solutions."

27 CEOs urged G20 nations to formally accept and act on the recommendations of the Task Force on Climate-related Financial Disclosure, chaired by Michael Bloomberg. Alliance members argued that companies should disclose the material financial risks they face from climate change in an open message to the G20:

"Timely implementation of the recommendations is an important step towards delivering the commitments of the Paris Agreement and keeping global warming to well below 2°C. Enhanced disclosure will also enable better assessment of financial stability implications and help support an orderly transition to a low-carbon economy."

CEOs released an open letter ahead of the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) by the World Economic Forum (the Forum) on behalf of the Alliance of CEO Climate Leaders. By 2018, the Alliance has collectively reduced emissions by 9%  and is committed to reducing these further.

We are committed to climate action. We stand ready to fast-track solutions to help you deliver on an enhanced and more ambitious action plan to tackle climate change and meet the goals set out at the 2015 Paris Climate Agreement. We know this is possible.

Two Degrees of Transformation

Business has a vital role to play in curbing its effects on climate change by limiting carbon emissions, but success isn’t just about action from individual companies. Business, sectors, states and regions need to create enough change to halt the crisis. CEOs released a report in collaboration with the Forum – Two Degrees of Transformation that highlights the climate action and innovation that is already happening. It brings together examples from companies around the world that are finding smart ways of working, new thinking and innovation. It highlights examples that others can follow, and that will make transformation happen faster than ever before.

2020

Since then, the Alliance has grown to about 80 chief executive officers who see the business benefits of bold and proactive action to ensure a smooth transition to a low-carbon and climate-resilient economy.

Climate commitments

All members of the Alliance:

  • Publicly disclose their carbon emissions
  • Set a target to reduce emissions – e.g. a science-based target or a goal for being carbon neutral or achieving net-zero emissions by or before 2050
  • Publicly report on progress against emissions reductions targets

In addition, the Alliance implements the Task Force recommendations on climate-related financial disclosures and follows guidance for effective Climate Governance on Corporate Boards. Companies in the Alliance also take action through a range of projects and commitments that they either lead or contribute to, including:

During the World Economic Forum’s Annual Meeting in January 2020, the group will set out the key priorities for 2020 with specific deliverables for the UN Climate Change Conference – COP26 – hosted by the UK in November 2020.

By working together, the Alliance can accelerate this transition and realize the future that humanity wants and needs.