More than 150 European businesses, investors and business networks are calling on EU leaders to back the ambition set out in the European Green Deal and reduce greenhouse gas emissions by at least 55% by 2030.
In an open letter, companies like Telefónica, Microsoft, IKEA, Deutsche Bank, Unilever, H&M, Google, EDF, Signify and Apple have outlined their determination to work with the EU to tackle impacts of the Coronavirus pandemic while delivering a more climate-resilient and regenerative recovery. The letter indicates the diversity of European business support for increased climate ambition, with companies from sectors including, manufacturing, heavy industry, finance, consumer goods, power generation and technology supporting the 55% target.
Signed by 157 businesses and investors, and 21 business networks, the letter states: "What we urgently need to see next is an ambitious implementation of the recovery package focussed on achieving a green and digital transition, with the European Green Deal at its core and an elevated short-term emissions reduction target in its sights.
Digitization is precisely where Telefónica is putting its focus to help decarbonize the economy. The company, which will reach its goal of net zero emissions in its four main markets by 2030, has launched the Eco Smart seal, which helps companies identify solutions that enable them to reduce their energy or water consumption and CO2 emissions, and boost the circular economy.
Last year, we prevented the release of 3.2 million tonnes of CO2 thanks to our services, in such way that for every ton we sent into the atmosphere, our customers saved 3.3 tonnes. Our goal is to reduce our footprint by 10 by 2025.
Together, ahead of Commission President Ursula von der Leyen State of the Union 2020 speech, and in the run up to Climate Week in New York, the signatories are urging European leaders to avoid the worst effects of climate change and secure a sustainable, competitive economic recovery by:
- Endorsing the ambition set out in the European Green Deal
- Submitting resilient recovery plans which enable the green investments needed to deliver climate neutrality
- Agreeing a clearly defined target to reduce domestic greenhouse gas emissions by at least 55% by 2030 and associated objectives
The initiative is led by the European Corporate Leaders Group (CLG Europe), a cross-sectoral group of European businesses working towards delivering climate neutrality.
It was delivered in partnership with Business Ambition for 1.5C , the We Mean Business coalition which includes BSR, The B Team, CDP, CLG Europe, Ceres, WBCSD, The Climate Group and its RE100 & EV100 networks, as well as with the Institutional Investors Group on Climate Change (IIGCC).