We Mean Business Coalition

🆕 "Before reading this blog, try to imagine eight trillion. It’s a number so large that it’s almost beyond our comprehension. But somehow we must grasp it because that’s how much money will need to be invested to meet the climate goals set out in the Paris Agreement - and all that must be done before 2030." - Andrew Prag, Managing Director of Policy at We Mean Business Coalition and Christina Hood, Climate change & Energy Policy, Carbon Markets Lead at Compass Climate. In their latest blog, Andrew and Christina address the immense challenge of meeting global climate targets, particularly the US $8 trillion spending target by 2030. One key insight they explore is how the private sector can learn from the Paris Agreement's framework, especially through Nationally Determined Contributions (NDCs). Under the Paris Agreement, governments commit to #NDCs, setting and revising national climate goals every five years and rigorously measuring progress through standardized reporting. Andrew and Christina also emphasize the importance of direct international comparisons and year-by-year progress tracking, as seen in the Paris Agreement. For companies, adopting common reporting formats and capturing not just Scope 1 but also Scope 2 and 3 emissions could drive higher standards and hold laggards accountable, ultimately leading to more meaningful climate action. However, creating the basis for comparison could be challenging. The blog captures some of the key findings of a new white paper published today by We Mean Business Coalition, Scaling up private sector action on climate change. Developing corporate greenhouse gas (GHG) accounting guidance that aligns with the Paris Agreement    ❓ Interested in how the private sector can draw from the #ParisAgreement to enhance its climate finance efforts and scale investments? 🔗 Read the full blog here: https://lnkd.in/efZ78eda #WMBC

📢 In her latest op-ed in our 10 year anniversary series with Reuters, our CEO María Mendiluce reflects on the past decade of corporate climate advocacy. She highlights the role companies like Alphabet, Apple, Amazon, IKEA, Unilever, Nestlé, Danone, BT Group, HSBC, National Grid and Natura &Co have played in influencing significant policies such as the adoption of renewable energy standards across various U.S. states, an ambitious and practical European Green Deal, the UK’s net zero legislation, and Brazil’s National Policy on Climate Change. Yet despite progress, there is a notable gap between corporate climate ambition and the actual practice of engaging in coherent policy advocacy. Meanwhile, the growing importance of corporate advocacy in shaping climate policy has led to increased scrutiny of companies' climate goals against their political activities. 🔗 Read the full op-ed in Reuters: https://lnkd.in/eayxAfBz #ClimateAction 

🎧 New Episode: Is the Industry Taking the Wrong Approach to Scope 3 Emissions Reporting? How can we rethink Scope 3 to drive faster progress? Scope 1, 2, and 3 emissions reporting was designed to help businesses grasp their broader climate impact and take responsibility in the journey to #NetZero. However, as companies dive into Scope 3, many struggle with challenges around accounting and with developing strategies. So, how can the industry simplify this process? In the latest episode of the Interchange Recharged Podcast, Jenny Ahlen, Managing Director of Net Zero at the We Mean Business Coalition, joins host David Banmiller to discuss Scope 3. Jenny shares insights on the #SupplierCascade, a practical approach to accelerate supply chain decarbonization: “It simplifies the ask, so your procurement teams don’t suddenly need to be experts on enteric methane emissions or hydrogen as a replacement fuel. They can just ask their suppliers if they have a target or not.” The Supplier Cascade was created in partnership with BSR, CDP, Ceres, Inc., Environmental Defense Fund, Exponential Roadmap Initiative, SME Climate Hub and in collaboration with the Science Based Targets initiative. It is a strategy aimed at simplifying and scaling these efforts by requiring companies to ask their tier 1 suppliers to make a 1.5-aligned climate commitment and ask their own suppliers to do the same”. 🔗 Sign up to be an early adopter: https://lnkd.in/gBvU3TgT This approach is both inclusive and scalable: “The Supplier Cascade is something you can ask of all your suppliers, big and small, ensuring we don’t leave behind medium and small-sized companies that often aren’t included in these initiatives.” Jenny also explains why alternative reporting metrics are crucial for accelerating the #EnergyTransition. How can we create an ecosystem that incentivizes meaningful progress on a global scale? 🎙️ Listen to the full episode to find out: https://lnkd.in/g4zSh2KC #ClimateAction #Scope3Emissions 

🆕 We are excited to partner with the Trellis Group for #VERGE24! Join us and connect with over 6,000 leaders who are scaling climate tech solutions globally. VERGE 24 is the hub for professionals driving the deployment of climate technologies. Together, we will dive into the latest trends, explore cutting-edge innovations, and accelerate impactful solutions. Climate tech is evolving, with new technologies, financing models, and policies paving the way for a low-carbon future. How can your organization leverage these advancements? Join us at VERGE 24 to collaborate with industry leaders, share insights, and amplify your impact. 📍 San Jose, CA 📅 October 19-31, 2024 🔗 Learn more and register with code V24BASCS for an additional 20% off: buff.ly/46kuW50 #ClimateTech

🖥️ Our website is a go-to source for guidance, insights, and forward-thinking policy recommendations that drive real impact. We are committed to enhancing our website's usability, information quality, and accessibility – and we need your input to make it happen. Your experience navigating our site is invaluable, and we would appreciate your feedback. By taking just a few minutes to fill out our user experience survey, you can help us better understand your needs and improve our website's design, content, and functionality. 🔗 Complete the survey: https://lnkd.in/exkygwmG 🗓️ Deadline: 9 September 2024 #WMBC #ClimatePolicy

🌍 Join Us for the Launch of the Business Associations Climate Action Guide! Climate Action for Associations is proud to have contributed to the Business Associations Climate Action Guide, developed in collaboration with leading organisations. This essential guide highlights the crucial role associations play in shaping policy and advancing climate efforts. 📈🌱 The upcoming launch event is tailored for business leaders, sustainability professionals, and board members who are committed to refining their organisations' climate strategies. Key takeaways include: - Practical strategies to align your association with climate goals - Solutions to common questions and challenges related to climate action - Insights into the role of business associations in shaping environmental agendas. - Where: Online Webinar - Date: 3rd September 2024 - Time: 16:00 - 17:00pm (BST) Register Here - https://lnkd.in/gTizHVJD We look forward to seeing you there! Exponential Roadmap Initiative, High-Level Climate Champions, WBCSD – World Business Council for Sustainable Development, UN Global Compact Network UK, We Mean Business Coalition #ClimateAction #Sustainability #NetZero #BusinessAssociations #ClimateActionforAssociations #RacetoZero #TradeAssociations #BusinessAssociationsClimateActionGuide

📈 The EU's new Corporate Sustainability Responsibility Directive (#CSRD) and European Sustainability Reporting Standards (ESRS) will significantly change how businesses report on ESG practices. With mandatory reporting beginning in 2025 based on 2024 data, some companies are already ahead of the curve, voluntarily aligning with these standards from the 2023 reporting year. Jane Thostrup Jagd, Director of Net Zero Finance at We Mean Business Coalition, recently spearheaded a report showcasing 75 innovative solutions from 30 early adopters. Don't miss out on Jane’s insights! Listen as she discusses the report's aims, selection criteria, and what businesses should be doing now with Daniel Lösch, Founder of AtlasZero. 🎧 Click the link in the comments to watch for free ⬇️ #WMBC

As we gear up for a busy few months, we are working hard to make sure our communications channels are well set up for the journey ahead. This extends to our website, ensuring that we have gathered the correct feedback and insights from our website's users, so that we can better understand your needs, preferences, and expectations, and can use this information to improve our website's design, content, and functionality. 💻 As we complete this work, we would be grateful to you for taking the taking the time to complete our user experience survey – which should take only a few minutes of your time 👉 https://lnkd.in/exkygwmG   Our website is a go-to source for guidance, insights, and forward-thinking policy recommendations that drive real impact. We are committed to making it even better, delivering more value to our community by continually enhancing our content and user experience. #ClimateAction

Thanks to our founding partner, the IKEA Foundation, for supporting our business mobilization efforts over the last 10 years. We are so proud to continue this work with you and scale the impact of the #FossilToClean campaign 👇

🔔 Deadline extension: Business leaders can submit an application by the 13th of August to join We Mean Business Coalition’s taskforce to develop action checklists that will support businesses transitioning from #FossilToClean.     Why join? This project aims to fill a market gap by providing businesses with a simple, actionable checklist of near-term actions for the next two to five years to phase out fossil fuels and scale up clean solutions.     Supported by real-life case studies, this checklist will complement existing decarbonization and sector-specific guidance. It will translate business climate action into a robust demand signal to policymakers and stakeholders, accelerating the transition to clean energy in the build-up to #COP30 and countries revising their Nationally Determined Contributions (NDCs).    📢 Call for Expertise  We have opened a Call for Applications for the Taskforce to shape the delivery of this guidance. We are especially looking for experts in procurement, #energy, and asset management at senior, head, and director levels.    🔗 Learn more and apply here: https://lnkd.in/eUwJk2bc     #WMBC #ClimateAction #ApplyNow    🏷 María Mendiluce Rasmus Valanko (he/him)️ Santeri Palomäki Molly Walton Emily Huynh Claire H. Kristen King