There is no doubt: the multiple impacts of climate change are disproportionately more damaging to Africa than any other part of the world. Climate action is integral to solving the continent’s most-pressing issues, and the private sector has a critical role to play.

The Africa Business Leaders Coalition (ABLC) is committed to sustainable development and ambitious climate action by bringing the perspectives of African CEOs and Board Chairs into the global conversation.

Africa Business Leaders’ Climate Statement

We commit to participate in the UN Global Compact and to uphold its Ten Principles in our business practices and with our suppliers and customers.

We commit to develop robust company resilience plans to improve our adaptive capacity and build systemic resilience by explicitly accounting for climate risks in our business and investments and enabling our suppliers to do the same.

We commit to uphold the guiding principles of a just transition as central to all our climate actions and advocacy, starting with developing company-level just transition plans, ensuring no one is left behind.

We commit to set company targets to drastically increase the share of renewables in our energy use that will contribute to the continental ambition of 27% of renewable power generation by 2030.

We call on the international community to fulfil and enhance the 100-billion-dollar goal by 2023 at the latest and ensure that at least 50% is invested in adaptation and resilience.

We call for the creation of an enabling environment that facilitates increased access to finance and ensures that African businesses can leverage global markets to accelerate the transition to a future fit economy.

We call African Governments to translate climate plans, such as their NDCs and NAPs, into pipelines of bankable climate projects.

We call on the international community to promote technology and knowledge exchange to make decarbonization and adaptation technologies and knowledge more accessible to local companies, communities, and Governments.

We commit to elevate the voice of the African private sector and bring the African perspective to global stages – such as COP27 – to advocate for the sustainable prosperity of our people, our businesses, and our continent.

Read the Africa Business Leaders’ Climate Statement

Signatories