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Smart Phases with 155 companies to push for a sustainable Net-Zero COVID-19 economic recovery effort
Jun. 4, 2020
Courtesy ofSmart Phases Inc. (DBA Novacab)
- Smart Phases (dba Novacab), IKEA Group, JLL, Carlsberg Group, EDF, Iberdrola, Electrolux, Nestlé, Enel, Saint-Gobain, ENEL, Colgate Palmolive Company, Schneider Electric, Zurich Insurance Group, among companies urging governments to align socio-economic recovery with climate science
- In largest-ever UN-backed CEO-led climate advocacy effort, major multinationals with SMEs such as Smart Phases Inc. reaffirm their own science-based commitments to achieving zero-carbon economy and call on governments to match their ambition
155 companies, including Smart Phases Inc., have signed a statement urging governments around the world to align their COVID-19 economic aid and recovery efforts with the latest climate science. The signatories span 34 sectors and have headquarters in 33 countries.
As debates on recovery packages around the world ramp up in the coming weeks, the companies, which are all part of the Science Based Targets initiative, are calling for policies that will build resilience against future shocks by supporting efforts to hold global temperature rise to within 1.5°C above pre-industrial levels, in line with reaching net-zero emissions well before 2050.he statement comes as governments around the world are preparing trillions of dollars worth of stimulus packages to help economies recover from the impacts of the coronavirus pandemic, and as they prepare to submit enhanced national climate plans under the Paris Agreement. In the coming weeks, several major economies will take key decisions in their recovery efforts, including the European Union Recovery Plan, new stimulus packages from the United States of America and India, and the G7 Heads of State summit in June.
Smart Phases, along with the other collaborating companies, has already committed to set, science-based emissions reduction targets.
The business voices are convened by the Science Based Targets initiative (SBTi) and its Business Ambition for 1.5°C campaign partners, the UN Global Compact and the We Mean Business coalition. The SBTi, which is a collaboration between CDP, the UN Global Compact, World Resources Institute and WWF, independently assesses and validates corporate climate targets against the latest climate science. Smart Phases is already part of this since last year.
