Business steps up ambitious climate action

It is still not too late to act. It will take a far-reaching vision, it will take courage.”
Greta Thunberg
Photo: Peg Hunter
Welcome to the April edition of the We Mean Business coalition newsletter.

Amid fresh waves of protests demanding accelerated climate action, more and more businesses and policy makers are stepping up and delivering the level of systemic change required to meet the goals of the Paris Agreement.   

The path to zero-carbon power has seen significant progress this month. India’s largest private integrated power company Tata Power is helping to lead the country’s transition away from loss-making coal plants towards greater renewable deployment, with its new long-term strategy.

In Australia, three companies have committed to switching to 100% renewable electricity in the last month – Westpac, Atlassian and Bank Australia – through RE100, led by The Climate Group, in partnership with CDP.

And in the US, thanks to commitments from Nevada and Washington, the number of US states committed to 100% renewable electricity by 2050 now stands at five. Ceres’ Dan Bakal explains how the falling price of renewable generation in the US is causing the entire sector to transform towards the zero-carbon future.   

In the built environment, one of India’s leading cement producers, Shree Cement, has committed to setting a science-based target. The commitment, which is matched by India’s Dalmia Cement and Ambuja Cement, sends a powerful signal to the construction industry, building developers and city planners including the five Indian cities that form part of the C40 network

On the road to zero-carbon transport, German auto company Daimler committed to become a carbon neutral company by 2040, with the company’s in-coming CEO Ola Kaellenius set to lead the new direction. Indian power utility BSES Rajdhani Power Limited (BRPL) and Indian smart transportation service company Shuttl have both committed to accelerate the transition to electric vehicles and charging infrastructure with EV100.

Also this month, Landsec and RBS have become the first companies to join all three of The Climate Group’s campaigns RE100, EV100 and EP100. The Climate Group’s Mike Peirce explains why this is the new hallmark of business leadership.
From the We Mean Business blog
Shree Cement steps up ambition on sustainable construction One of India’s leading cement producers, Shree Cement, is stepping up its ambition to tackle climate change by committing to set a science-based target to cut its GHG emissions, laying the foundations for the zero-carbon built environment of the future. 
Time for Germany to seize the opportunities of the EV transitionThe German auto manufacturing industry is at a perilous moment in its long and illustrious history and it needs the help of the country’s policymakers to ensure its long-term success, writes We Mean Business coalition CEO Nigel Topping.