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MAERSK JOINS NET ZERO CARBON CONSORTIUM

Friday, July 24, 2020 

The heads of nine major international companies have established a new initiative to accelerate the transition to a net zero global economy, known as Transform to Net Zero, which intends to develop and deliver research, guidance, and implementable roadmaps to enable businesses to achieve net zero emissions.

The Initiative will be led by founding members including A.P. Moller - Maersk, Danone, Mercedes-Benz, Microsoft, Natura, Nike, Starbucks, Unilever and Wipro, as well as Environmental Defense Fund (EDF). The Initiative is supported by BSR, which is serving as the Secretariat for the Initiative.

Transform to Net Zero will focus on enabling the business transformation needed to achieve net zero emissions no later than 2050, in addition to driving broader change with a focus on policy, innovation, and finance. The outputs of the initiative will be widely available to all, though additional companies may join. The Initiative intends to complete the outputs of this work by 2025.

The work will concentrate on the following principles:

  • Focused on transformation
  • Led by science and best practice data and methods
  • Leveraging existing efforts
  • Strong governance and oversight
  • Robust reduction and removal across the extended enterprise
  • Investment in innovation
  • Policy engagement
  • Transparency and accountability.

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