Climate Action: Net Zero 2030

2020-12-22T12:34:09+00:00 December 22nd, 2020|Uncategorized|

On December 11, 2019, at the UN Climate Change Conference, COP25, in Madrid, over 500 B Corps took the stage and publicly committed to accelerate the reduction of their greenhouse gas emissions to reach a 1.5 degree trajectory leading to net zero by the year 2030—20 years ahead of the 2050 targets set in the Paris Agreement. In the weeks that followed, hundreds more have joined their ranks, with additional companies signing up daily. 

All B Corps make a legal commitment to conduct business with consideration for the environment and all stakeholders. Out of the 852 companies that committed to significant carbon reduction leading to a net zero future by 2030, 750 are fellow B Corps. It signals the largest constituency of businesses leading on climate action.

 

B Corp Community Statement

As business leaders, the B Corp Community recognizes climate crises as threats to healthy markets and healthy businesses. As human beings, we recognize these crises as threats to our quality of life and the quality of life of our children and their children. 

We believe, therefore, that it is imperative for all businesses to demonstrate leadership in eliminating emissions, drawing down carbon, and ensuring a just transition for displaced workers and communities to a net zero emissions economy. In addition, we believe it is imperative to use the power of our collective voice to advocate for policy changes necessary to remove impediments and align incentives that will drive meaningful climate action.

 

Net Zero 2030: A Commitment to Climate Action

The B Corp movement is taking the following urgent actions:

1. Climate Action: Many B Corps around the world are leaders in responding to the climate emergency including following the steps outlined below; we urge the entire global B Corp community to:

  • Declare a Climate Emergency. Use the Climate Emergency Playbook for Business as a roadmap to engage their board and team with the science-based facts and the implications for their business and for society, especially for those most vulnerable.
  • Accelerate Carbon Reduction. Calculate their baseline Scope 1-3 emissions aligned to an independent internationally recognized standard and commit to accelerate their current emissions reduction trajectory using the Climate Action module of the SDG Action Manager to meet the global goals of a 1.5°C average temperature increase. 
  • Develop a Net Zero Plan. Offset the remaining carbon emissions to achieve net zero emissions between 2025-2050.
  • Join the B Corp Climate Collective. Become part of a global community of learning and practice regarding climate action, climate justice and climate advocacy.

2. Climate Advocacy: Recognizing that voluntary action by individual businesses is insufficient to address the scale of the climate emergency, we commit to use the power of our collective voice to advocate for policy changes necessary to remove impediments and align incentives to achieve a rapid and just transition to a net zero carbon economy. We will share publicly in 2020 a policy and advocacy strategy for the global B Corp community to support meaningful climate action.

3. Update Our Standards: Recognizing that the performance requirements for B Corp Certification are designed to differentiate leaders, and are also used as a free roadmap and toolkit for action by tens of thousands of other businesses around the world, B Lab will immediately begin to re-evaluate these requirements in the context of the climate emergency and other pressing issues the world faces today. Proposed recommendations based on a public multi-stakeholder engagement process will be made to the independent B Lab Standards Advisory Council.

 

We at Win & Winnow have signed the commitment ourselves and are currently deploying a comprehensive plan in line with this so necessary action.

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