Sector News

Major European companies call for COVID-19 recovery efforts to be combined with climate action

May 20, 2020
Chemical Value Chain

Bayer, Henkel, DSM, and Symrise are among 155 major global companies from across 34 sectors that have signed a joint statement to world leaders, calling on governments and policy-makers to align their efforts to recover from the coronavirus disease 2019 (COVID-19) pandemic with an ambition to reach net-zero emissions well before 2050.

“As countries work on economic aid and recovery packages in response to COVID-19, and as they prepare to submit enhanced national climate plans under the Paris Agreement, we are calling on governments to reimagine a better future grounded in bold climate action,” the companies say in the statement.

All the companies are members of the Science Based Targets initiative, a global partnership with the vision that by 2020 “science-based target setting will become standard business practice and corporations will play a major role in driving down global greenhouse gas emissions.”

They say that to realize their ambitions, they will continue to implement ambitious science-based targets to set the world on a 1.5°C trajectory, invest in recovery and resilience for a systemic socio-economic transformation, and advocate for enabling policies aligned with a 1.5°C trajectory and zero-carbon economy.

“If we work together, these efforts will help reduce vulnerability to future shocks and disasters, and build community resilience. A systemic shift to a zero-carbon and resilient economy is within our reach—our only future depends on making this vision a reality,” the companies say.

By: Sotirios Frantzanas

Source: Chemical Week

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