In Washington, 81 major corporations with operations in the U.S.–including Google, Facebook, Apple, Coca Cola and General Motors–have taken a White House pledge “to demonstrate their support for action on climate change and the conclusion of a climate change agreement in Paris that takes a strong step forward toward a low-carbon, sustainable future.”
Signing the White House’s American Business Act on Climate Change Pledge shows a continuing commitment to action preventing global warming and is intended to set an example for other companies to pursue similar policies, according to a statement released by the White House.
It also shows the signatories’ support for the 2015 United Nations Climate Change Conference, which will be held this November in Paris. “The Pledge…voices support for a strong outcome in the Paris climate negotiations.” The 81 companies “have operations in all 50 states, employ over 9 million people, represent more than $3 trillion in annual revenue, and have a combined market capitalization of over $5 trillion,” the White House said.
“We recognize that delaying action on climate change will be costly in economic and human terms,” the pledge states. The president announced last November that he wants to reduce greenhouse gas emissions economy-wide by 26 to 28 percent by 2025.
To accomplish that goal, Obama held a roundtable with top CEOs this week to discuss ways in which they can help to fight climate change in the U.S. and around the world. He said that the 81 companies that signed the pledge view his long-term plan to reduce carbon emissions by almost 6 million tons through 2030 as a positive step.
The American Business Act on Climate Change promises new low-carbon company investments of at least $140 billion and the use of new renewable energy totaling more than 1,600 megawatts.
Individual companies have added their own goals, such as cutting carbon emissions up to 50 percent, increasing the efficient use of water by up to 15 percent, using 100 percent renewable energy sources, and seeking zero net deforestation in their supply chains.
The companies that have signed the pledge are:
Abengoa Bioenergy US
Bank of America
Berkshire Hathaway Energy
Campos Brothers Farms
DSM North America
EMC, Energy Optimizers
Facebook, Fulcrum Bioenergy
GE, General Mills, General Motors, Goldman Sachs
Google, Hershey’s, Hewlett Packard, Iberdrola USA, IBM
IKEA USA, Ingersoll Rand
Intex Solutions, Inc.
Johnson and Johnson
Keystone Electrical Manufacturing
Kingspan Insulated Panels, Inc.
Lakeshore Learning Materials
Levi Strauss & Co.
National Label Company
Portland General Electric
Procter & Gamble
SONY Corporation of America
The Walt Disney Company