In the framework of the World Economic Forum held in Davos, the private sector has created a new working group comprising the CEOs of world-leading companies to drive the fight against climate change with a view to the next United Nations Climate Change Conference, COP21, in Paris.
The group’s objective is to join forces and enhance cooperation between those companies that are committed to the fight against climate change. It seeks to crystallise private initiative in promoting the institutional and political agenda of COP21.
CEO Climate Leadership Group has made a commitment to adopt specific measures to avoid global warming and to promote a low-carbon economy. Its priorities are:
- To raise awareness among political institutions on the need for initiatives to reduce greenhouse gas emissions, and to encourage them to take action in this connection.
- To accelerate the dissemination of technologies which can drive the transition to a low-carbon economy.
- To promote technological innovation throughout the value chain in order to reduce emissions.
- To collaborate on the development of new financial instruments which incentivise a reduction in emissions.
The CEO Climate Leadership Group, supported by the World Economic Forum and the United Nations, comprises leading corporate executives from all sectors of the economy, including José Manuel Entrecanales, Chairman and CEO of ACCIONA; Brian T Moynihan, Chairman and CEO of Bank of America; Olof Persson, Chairman and CEO of Volvo; Gérard Mestrallet, Chairman and CEO of GDF Suez; Ben Van Beurden, CEO of Shell; Christian Rynning-Tønnesen, Chairman and CEO of Statkraft; and Hans E. Vestberg, Chairman and CEO of Ericsson, among others.