Planet initiatives
Carbon Pricing Leadership Coalition (CPLC)
We continue to drive carbon pricing and share our experiences on the topic through the Carbon Pricing Leadership Coalition. The CPLC’s long-term objective is for effective carbon pricing to be applied throughout the global economy. In addition to facilitating leadership dialogues, the CPLC and its partner organizations are also mobilizing business support to put an internal price on carbon. We apply an internal carbon price of €100 per ton of CO2eq.
RE100
Our engagement with RE100, the world’s leading campaign to scale up the corporate sourcing of renewable power, continued throughout 2022. In addition to peer exchange to advance the uptake of renewable electricity in China, we participated in several learning events, conferences and advocacy opportunities in Europe, the US and China.
We Mean Business Coalition
We Mean Business activates hundreds of companies and investors to commit to low-carbon initiatives. In 2022, we worked on several advocacy and communications activities in the context of COP27 that reiterated the private sector’s determination for concrete steps and called on governments to urgently match their ambition and policies to limit global temperature rise to 1.5°C above pre-industrial levels, and demonstrate the private sector’s support for these efforts, along with the enabling solutions developed to date.
Global Center and Commission on Adaptation (GCA)
We continued our partnership with the GCA, particularly by lending our expertise in food security, and helping smallholder farmers manage risks and climate shocks through Africa Improved Foods (AIF), but also by mobilizing the private sector to adopt an integrated strategy to address climate adaptation alongside climate mitigation efforts.
Business for Nature
Business for Nature is a global coalition that brings together business organizations, conservation organizations and companies to demonstrate and amplify a business voice on nature, calling for governments to adopt policies to reverse nature loss in this decade. We supported Business for Nature’s ‘Make it Mandatory’ campaign in the leadup to Biodiversity COP 15, joining more than 330 businesses and financial institutions. We signed the COP 15 Business Statement calling on Heads of State to ‘Make It Mandatory’ and require all large businesses and financial institutions to assess and disclose their impacts and dependencies on nature by 2030.
Science Based Targets Network (SBTN)
We joined the Science Based Targets Network’s Corporate Engagement program in 2020. SBTN builds on the momentum of the Science-Based Targets initiative to develop methods for companies to set science-based targets for nature, addressing all of Earth’s systems, including biodiversity, ocean, land, and freshwater. In 2022, we provided input to their draft guidance for setting science-based targets for water, which is expected to be launched in early 2023.
Taskforce for Nature-Related Financial Disclosures (TNFD)
The TNFD aims to develop and deliver a risk management and disclosure framework for organizations to report and act on evolving nature-related risks with the aim of supporting a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes. As a TNFD Forum member, we joined over 750 organizations to support the mission of the TNFD and to consult on the development of the framework.
Champions 12.3
Ms. Matchett is a member of Champions 12.3, a coalition of executives from governments, businesses, international organizations, research institutions, farmer groups, and civil society dedicated to inspiring ambition, mobilizing action, and accelerating progress toward achieving SDG Target 12.3 by 2030. An important and promising angle addresses climate action through value chain collaboration.
