As President Obama prepares to attend the UN’s Climate Change Conference in Paris, businesses are coming together to bolster the president’s efforts. 81 companies have signed the American Business Act on Climate Pledge and were announced at the White House Summit on Climate on October 19th.
These companies see global warming as a business issue are committing to making significant changes in their operations. Companies’ efforts will include:
- up to 50 percent reduction in greenhouse gas emissions,
- 80 percent reduction in water usage,
- 100 percent renewable energy purchases,
- zero waste to landfill, and
- supply chains pursuing zero net deforestation.
These 81 companies represent more than $3 trillion in annual revenue, have a combined market capitalization of over $5 trillion, and employ over 9 million people.
President Obama is planning to release another round of pledges mobilizing many more companies in efforts to reduce climate change.
Here is the Pledge:
THE AMERICAN BUSINESS ACT ON CLIMATE PLEDGE
We applaud the growing number of countries that have already set ambitious targets for climate action. In this context, we support the conclusion of a climate change agreement in Paris that takes a strong step forward toward a low-carbon, sustainable future.
We recognize that delaying action on climate change will be costly in economic and human terms, while accelerating the transition to a low-carbon economy will produce multiple benefits with regard to sustainable economic growth, public health, resilience to natural disasters, and the health of the global environment.
For more information about the companies that have signed the Pledge and learn more about their commitments to climate change, see The White House fact sheet here.