Last edited 29 Jul 2020

Transform to Net Zero

Contents

[edit] Introduction

Transform to Net Zero is an initiative launched in July 2020 to support and accelerate the move towards a net zero carbon economy through research and guidance for businesses.

Founding members in the initiative include A.P. Moller - Maersk, Danone, Mercedes-Benz AG, Microsoft Corp., Natura & Co, NIKE, Inc., Starbucks, Unilever and Wipr. The Environmental Defense Fund (EDF) is also participating in the programme. BSR (Business for Social Responsibility) is acting as the Secretariat for the Initiative.

[edit] Business transformation

The focus of Transform to Net Zero is to help businesses achieve net zero emissions no later than 2050.

The work will concentrate on nine principles:

  1. Transforming through action, including corporate strategy, governance and accountability, finance and operations, risk management, procurement, innovation and R&D, marketing and public affairs.
  2. Leading through science and best practices to improve the quality and availability of research and deliver the highest return for the climate on investment.
  3. Leveraging existing efforts through open collaboration with existing net zero initiatives.
  4. Providing strong governance and oversight by developing innovative products, services and business models.
  5. Delivering robust reduction and removal across the extended enterprise including impact of products and services and supply chain.
  6. Investing in innovation to accelerate innovation to achieve net zero transformation.
  7. Engaging in policy that enables and accelerates progress towards net zero.
  8. Providing transparency and accountability and sharing information with all stakeholders.
  9. Transitioning in a just and sustainable way that acknowledges the impact of climate change on marginalised groups and low-income communities.

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[edit] External resources

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