19.05.2020 —En+ Group (LSE: ENPL; MOEX: ENPL for GDRs and ENPG for ordinary shares), a leading international vertically integrated aluminium and power producer, has signed the CEO statement on “Uniting business and Governments to recover better”, a joint call from major multinationals calling on governments around the world to align their COVID-19 economic aid and recovery efforts with the latest climate science.
En+ Group Executive Chairman, Lord Barker, has signed the statement alongside CEOs of 154 of the world’s leading companies with a combined market capitalization of over USd 2.4 trln and representing over 5 million employees. It is the largest ever UN-backed CEO-led climate advocacy effort, in which major corporates reaffirm their own science-based commitments to achieving zero carbon economy and urge governments to match their ambition.
While the global pandemic is devastating people and their livelihoods, the world continues to face a global climate emergency with irreversible impacts for people and all the natural systems. As countries work on economic aid and recovery packages in response to COVID-19, the signatories are calling on governments “to prioritize a faster and fairer transition from a grey to a green economy by aligning policies and recovery plans with the latest climate science.”
To recover better from COVID-19, the signatories reaffirmed their commitment to:
- Demonstrate that the best decisions and actions are grounded in science. By implementing ambitious science-based targets, the companies aim to set the world on a 1.5°C trajectory leading to healthier and safer people, and a healthier and safer planet.
- Invest in recovery and resilience for a systemic socio-economic transformation. By divesting from fossil fuels and innovating in low-carbon, resilient solutions, the companies are prioritizing green jobs and sustainable growth, protecting nature and people, and delivering on the 2030 Agenda and the Paris Agreement.
- Work with Governments and scale up the movement. By advocating for enabling policies aligned with a 1.5°C trajectory and zero carbon economy, we look to policymakers to give businesses the confidence and clarity they need to take ambitious climate action.
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.
Lord Barker, Executive Chairman of En+ Group, said:
“Renewable energy and recyclable materials should be at the heart of the green economy of the future. Transparency via mandatory carbon reporting should be the first step we take to ensure this happens to allow ethical purchasing decisions right the way through to the consumer.”
Tim is an original member and founder of World Of Renewables. Since 2005, he has steered WoR to an industry leader within the field of renewable energy news reporting. Tim is now Vice-Chairman of WOREA and played a major role in the merger with WREA.