Earlier this week, the work of the PRME Working Group on Climate Change and Environment was featured on PRiMEtime. In addition to their work and the resources they have developed, the United Nations Global Compact has produced several resources focused on climate action. Much of this is through the Caring for Climate initiative in partnership with UNEP and the secretariat of the UNFCCC. The initiative helps shape the engagement of businesses with climate change. Here are five current resources from the Global Compact focused on climate action and Sustainable Development Goal 13.
Caring for Climate Initiative: Over 400 companies from 60 countries have signed the Caring for Climate Statement, a formal commitment to take practical actions including setting greenhouse gas emission reduction targets for example. The Caring for Climate Progress Report Series examines trends in participation in the initiative, including emissions performance of companies, as well as progress companies have made against the five commitments endorsed by all signatories in the Caring for Climate Leadership Statement.
Science Based Targets Initiative: The Science Based Targets Initiative champions science-based target setting as a powerful way of boosting companies’ competitive advantage in the transition to the low-carbon economy. It is a collaboration between CDP, the United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature and one of the We Mean Business Coalition commitments. The website includes case studies, events, media to highlight the increased innovation and a range of resources as well as links to a Technical Advisory Group.
Guide for Responsible Corporate Engagement in Climate Policy: This Guide sets baseline expectations for companies to provide proactive and constructive input to Governments to advocate for the creation of effective climate policies. The guide connects the dots between sustainability commitments, such as emissions reductions across their value chains and efficiency improvements, with corporate policy positions. Core elements of responsible corporate engagement in public policy are laid out in three practical action items 1) Engage for Legitimacy and Opportunity 2) Align for Consistency and Accountability 3) Report for Transparency.
UN Global Compact-Accenture CEO Study Special Edition: A Call to Climate Action: The UN Global Compact-Accenture CEO Study report, Special Edition: A Call to Climate Action, is based on a survey of 750 business leaders from UN Global Compact participant companies. The report also reveals that executives see action on climate change as an opportunity for growth and innovation that will be essential to securing competitive advantage in their industries
Executive Guide to Carbon Pricing Leadership: Guides the hundreds of individuals who are now completing due diligence on carbon pricing of behalf of their companies. It has been shaped by input from dozens of such companies, as well as other experts who are implementing carbon pricing programmes within companies and/or advocating for government policies in countries around the world. Experiences and insights from others will help more companies become Carbon Pricing Champions and align with the Business Leadership Criteria on Carbon Pricing set by Caring for Climate and partners.
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