"UNITED NATIONS - Almost 90 big companies in sectors from food to cement to telecommunications are pledging to slash their greenhouse gas emissions in a new campaign to steer multi-nationals towards a low-carbon future, organizers said on Sunday.
We Mean Business, a coalition of advocacy groups, said dozens of companies had joined the initiative in the two months leading up to a United Nations summit taking place on Monday, which aims to spur faster action on climate change.
“Now we need many more companies to join the movement, sending a clear signal that markets are shifting,” U.N. Secretary-General Antonio Guterres said in a statement.
The coalition was launched in June with a call to action by the United Nations, business and civil society leaders. The first 28 companies to join announced the following month. We Mean Business said 87 companies are now involved, with total market capitalization of more than $2.3 trillion."
Matthew Green reports for Reuters September 22, 2019.
SEE ALSO:
"Banks Worth $47 Trillion Adopt New U.N.-Backed Climate Principles" (Reuters)
"Germany Unveils $60 Billion Climate Package" (New York Times)
"Climate Protesters and World Leaders: Same Planet, Different Worlds" (New York Times)
"Global Aviation Leaders Gather Amid Climate Protests, MAX Safety Talks" (Reuters)
"Britain To Create 1 Billion Pound Fund For Clean Energy Technology" (Reuters)
"Who’s Speaking at the U.N. Climate Summit? Several Champions of Coal" (New York Times)
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