We Mean Business Coalition

On behalf of everyone at We Mean Business Coalition we wish you a happy and restful holiday season ✨ Please note the team is taking a break until 6th January 2025.

We Mean Business Coalition welcomes this new target of 61-66% emissions reductions from the US Government by 2035. Our Managing Director of Policy, Andrew Prag adds “This can now be taken as the benchmark for American companies and investors, as well as US states, to aim for and exceed. While political administrations may shift, market forces will continue to drive the clean energy transition. Most of the world’s major economies and largest companies are committed to investing in clean technologies and solutions to ensure stability, resilience and financial success. Businesses operating globally need to remain competitive in a world rapidly shifting towards clean economies, and for that they require clear and consistent policies.”     For a longer statement from our coalition partner, Ceres, Inc., click here: https://lnkd.in/ejEckNap #WMBC #NDC 🏷️ BSR, CDP, Corporate Leaders Groups, Climate Group, The B Team, and WBCSD – World Business Council for Sustainable Development.

Do you want to make your company’s ESG reporting processes cheaper, easier, better, and faster? The answer: Internal Controls. I know, I know—it sounds super boring. But trust me, it’s not. At We Mean Business Coalition, we’ve just launched a new guideline in collaboration with IFAC and in partnership with the Global Accounting Alliance. This guideline helps you make a framework that extends your financial processes and systems to establish a robust internal control environment. The result? Assurance work for ESG reporting becomes smoother, faster, and more efficient—all while improving data quality, both quantitatively and qualitatively. Did you know that both CSRD and ISSB require companies to report on their internal control environment for ESG reporting? This guideline is here to help you meet those requirements with confidence. Want to learn more? Check it out here: https://lnkd.in/dhkFZ-BD #ESG #CSRD #ISSB #InternalControls #BetterDataQuality

📚 Businesses can now access free reports, guides, and updates on the latest trends in the voluntary carbon market through our #VCM Knowledge Vault: https://lnkd.in/evrQzr_A By backing these solutions alongside robust decarbonization, forward-thinking businesses and investors can accelerate the journey toward a net-zero, nature-positive future. 

Delighted to support the #GAEAAwards, powered by the World Economic Forum in collaboration with Kearney, Philanthropy Asia Alliance, Eleven Eleven Foundation and We Mean Business Coalition, which recognize the partnerships that are working across borders, sectors and industries to fundamentally reshape systems and address the climate and nature crises. 🏆 With our planet now at a critical tipping point, these multi-stakeholder partnerships represent an essential way to put our climate back on a 1.5C trajectory before it’s too late. You can already check the 15 finalists online (🔗 https://lnkd.in/ev7SSAMf) with the winners being announced in January in Davos at #WEF25. 🎥 Hear in the below video about the Awards from #GAEA Co-Chair Michelle Yeoh, and visit the GAEA Awards website to learn more: https://lnkd.in/eqnexfmn #ClimateCollaboration #InspiringCollaboration

📢 Discover the positive Signals of Change from 2024! Explore the latest strides toward a more sustainable future in our newest edition of #SignalsOfChange here: https://lnkd.in/e8B5ER_B ⬇️ Swipe through the highlights below to see how businesses and policymakers are driving impactful climate action. #WMBC

🆕 With more and more companies opting to work closely with their suppliers to make inroads on scope 3 emissions, our new blog by Jenny Ahlen and Sonya Bhonsle, CDP looks at the correlation between buyer practices and supplier climate action. It reveals that buyers’ efforts are paying off - with suppliers that receive support from their corporate customers more likely to look at their climate risks, set emissions reduction targets, and reduce annual emissions. Climate action by suppliers is critical to enable corporations to meet their emissions goals and make global supply chains more resilient to climate-related pressures. When suppliers take action, the whole value chain benefits. Companies are using a range of tactics to engage suppliers, including large-scale supplier outreach, capacity-building and training, and incentive programs. While tackling emissions in the supply chain can be challenging, supplier engagement is an effective way to start and makes sense for both the climate and the bottom line. 🔗 Read more about the benefits of supplier engagement - and the tools and approaches to get started: https://lnkd.in/gXXmEHAX #SupplierEngagement

From groundbreaking corporate partnerships in clean energy and supply chain decarbonization, to ambitious new national climate commitments and landmark laws, here are some of the positive signals of change from 2024 towards a more sustainable future. Read our round-up of positive news and subscribe to our Signals of Change newsletter for monthly analysis from the Coalition. #FossilToClean #WMBC #COP29

Our latest podcast with Sustainable Views looks at the role of business at #COP29 and why the private sector needs a seat at the table.      In conversation with host Philippa Nuttall, Ambassador Patricia Espinosa Cantellano, former UNFCCC Executive Secretary and now CEO of onepoint5 consultants, and Eliot Whittington, Chief Systems Change Officer at the Cambridge Institute for Sustainability Leadership (CISL) discuss climate finance, global cooperation and why business is central to delivering on the green transition.     🗣On finance, Patricia Espinosa said:  “The $300 billion finance commitment is not enough, and it is not satisfactory to developing countries, but it still represents a step forward.    “In this process there have been big steps like the introduction of the Paris Agreement. But that came after many smaller steps were taken.”     🗣 On the COP29 impacts, Elliot Whittington said:   “I think there is a both a glass half full and a glass half empty story about COP. I’m not the first person to say this but I think you could look at this process and say it is currently the most effective and successful multilateral governance thing that we’ve got.”    Now is the time to foster enabling environments. Closer dialogue between business and governments is needed, especially now focus intensifies on accelerating implementation. And business must play a more proactive and constructive role in these talks.    🎧 Listen here: https://lnkd.in/ePCXQXar?     #ClimateFinance #FossilToClean #ResponsiblePolicyEngagement    

#COP29 in Baku ended with a mix of urgency and delay, progress and frustration. In her latest piece for Forbes, our CEO, María Mendiluce, highlights the key outcomes and their implications for global climate action.    Starting on a positive note, the $300 billion climate finance pledge, paired with a target of $1.3 trillion by 2035, signalled that the world is beginning to gather the resources needed to support meaningful climate action.     At last, the finance needed for meaningful climate action is starting to catch up with the scale of the crisis itself. For developing nations facing disproportionate risks from the climate crisis, this stands to make a big difference, improving access to finance so far limited by high-risk premiums and undeveloped infrastructure.      But alongside this limited progress came serious failure, including the absence of firm commitments to reduce fossil fuel use. Crucially, this failure to confront the damage caused by fossil fuels risks undermining the very momentum that the $1.3 trillion target seeks to create. Now, the onus now shifts to national governments, as they prepare to transform global commitments into domestic action. Nations leaving Baku must ensure their Nationally Determined Contributions (NDCs) are not just ambitious on paper but backed by policies that de-risk investments, encourage innovation, and deliver tangible results.    As we look toward Brazil and to #COP30, the task is clear. The $1.3 trillion target must be operationalised and fossil fuel phase-out must be brought back to the table and made central to global climate strategy.    Now, the key is how to grow momentum and mobilization of public and private actors behind both.    🔗Read the article: https://lnkd.in/ej5_ukee     #ClimateAction #FossilToClean #WMBC