Since business leaders from around the world first came together to launch Caring for Climate in 2007, the magnitude and urgency of the climate challenge has become more apparent. Climate change is a momentous threat to development, to peace and security, and to market stability. While the pace of action by governments, businesses and society at large has increased, our efforts, individually and collectively, must be accelerated further if the threat of catastrophic climate change is to be removed effectively.
Caring for Climate was an initiative of the UN Global Compact, the UN Environment Programme and the Secretariat of the UN Framework Convention on Climate Change to advance the role of business in addressing climate change.
Business Leaders committed to taking action to improve efficiency of energy use and set emission reduction targets, build capacity within their organizations to understand implications of climate change, engage actively with governments to support ambitious climate policies, work with peers and along value chains on adaptation and resilience and champion climate action in the broader public.
Caring for Climate has published a series of reports on carbon pricing, responsible policy engagement and adaptation and resilience, to guide companies in their efforts to tackle climate change.
Over the last years, corporate climate commitments have evolved to cover additional initiatives such as Science-Based Targets that focus - in addition to ambition - on validation of a company’s commitment. Caring for Climate is thus no longer accepting new commitments, and its legacy lives on in a yearly flagship event at the UN Climate Change conference, providing a collaborative space - with a focus on private sector engagement - to inform and articulate the role business and investors can play to ratchet ambitious climate action in the spirit of the Paris Agreement.