Companies with combined market valuations of $11.5 trillion participate in LEAD on Climate 2020—the largest business-led lawmaker education and advocacy day on climate action
On May 13, CEOs and representatives from more than 330 businesses, including Adobe, Capital One, CommonSpirit Health, DSM North America, Dow, Eileen Fisher, General Mills, Mars, Inc., Microsoft, NIKE, Salesforce and VISA will call on a bipartisan group of federal lawmakers to build back a better economy by infusing resilient, long-term climate solutions into future economic recovery plans. Amid the backdrop of COVID-19 and the full recognition that the safety, health and well-being of all citizens is the most immediate priority, tomorrow’s LEAD on Climate 2020 will be the largest ever call to action from the business community to the U.S. Congress on the ongoing climate crisis.
The participating businesses include more than a dozen Fortune 500 firms as well as trade associations, medium and small businesses from all 50 states, collectively representing combined annual revenues of more than $1 trillion in revenue, a combined market valuation of nearly $11.5 trillion, and more than 3 million U.S. employees. The companies and investors calling for climate action as part of economic recovery efforts span across the American economy, including retailers, manufacturers, healthcare services, food and beverage companies, outdoors industries, technology companies and energy providers. The high level of participation is notable given the disruption most of the companies and investors are experiencing due to the economic collapse, as well as the current social distancing constraints on in-person advocacy.
Click here for a full list of participating businesses.
“The coronavirus pandemic has devastated communities and economies around the world. We all must do our part to solve the immediate threat posed by COVID-19, while also looking ahead to build a resilient, clean economy that is better able to withstand future shocks like the impending climate crisis,” said Hugh Welsh, President of DSM North America. “In recent months, DSM has stepped up our efforts to keep food on store shelves and medical equipment in hospitals. At the same time, we continue to work toward our goal to run on 100% renewable energy—and now we are calling on Congress to do the same and ensure climate action is part of the COVID-19 recovery.”
“Today we have a health crisis, an economic crisis and a climate crisis all happening at once. The best solutions will tackle all three together. We have a distinct opportunity at this unique moment in history to define what we want our future to look like,” said Patrick Flynn, Vice President, Sustainability, Salesforce. “It will take bold action and so we need the business voice to be unified and clear. We at Salesforce are inspired to see so many companies calling for plans that build back better, focused on equitable, resilient solutions that put the U.S. on a 1.5 degree pathway.”
“As the U.S. embarks on the path to recovery from the coronavirus pandemic, responding to immediate health and economic needs of the country is critical. At the same time, we must keep up the momentum on our progress to tackle the long-term global risks posed by climate change,” said Cynthia Curtis, senior vice president of sustainability at JLL. “JLL is committed to doing our part by working toward our ambitious climate goals. We will not waiver from our commitment to shaping the future of real estate for a better world. However, we also need smart policies from Congress that pair economic recovery with meaningful climate solutions.”
“At Nestlé, our ambition to achieve zero net greenhouse gas emissions by 2050 is at the heart of our strategy to build a resilient business,” said Meg Villarreal, Government Affairs Manager at Nestlé. “We are proud to stand with industry partners today to call for a climate-smart recovery plan to build back a more resilient economy.”
“Climate-positive technologies are uniquely positioned to help in the economic recovery as America looks to build back better with sustainable and resilient infrastructure,” said Hannon Armstrong Chairman & CEO Jeffrey Eckel. “We urge Congress to enact policies that leverage private sector investment and innovation, such as a carbon dividend. This is how we turn the tide on the climate crisis and propel our country toward a thriving economy that is good for people and the planet.”
Building off last year’s LEAD on Carbon Pricing in-person event, where Ceres and its partners brought together 75 companies, this year’s virtual advocacy day features four times as many companies and investors and has greatly strengthened the call for strong and urgent climate action from Congress, beyond the call for a national price on carbon. Participating companies and investors will urge the U.S. House and Senate lawmakers on both sides of the aisle to support a climate-smart economic recovery from COVID-19 as they consider how future rounds of stimulus spending should be allocated. Collectively, they will demonstrate the continued importance of investment in resilient infrastructure and the need to put Americans back to work with durable, clean energy jobs. They will also urge Congress to consider longer-term sustainable solutions to strengthen the economy, such as a goal of reaching net-zero emissions by 2050, as well as other market-wide mechanisms, like a carbon price.