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Former city minister Sir Ian Cheshire has been named the first independent chair of the alliance, backed by Amazon and Ikea, with funding plans to help companies reduce carbon emissions.
On Tuesday, Cheshire, a former Barclays UK chairman and former Kingfisher chief executive, a DIY dealer, took over the chairmanship of the We Mean Business Coalition, a non-profit European-US that wants the private sector to take action. pa global warming.
Cheshire, a member of the BT Group, said the agreement seeks to accelerate the number of companies developing plans to reduce their emissions by 2030.
The incoming leader also wants to increase the annual budget by $ 20mn to innovate new technologies that teams can use to reduce their emissions.
Cheshire said one of the ways to move towards higher environmental standards would be to raise funds to attract corporate funds to take advantage of the opportunities identified by the consortium.
He said: “There are a lot of investments in trying to find sustainable housing solutions in a number of areas, in order to make the most of long-term investment. [and] to repay. ”
He added that the agreement already has “more costs” to open “more” for climate change, for example naming projects around carbon dioxide and batteries.
We Mean Business says it has helped more than 5,000 companies, from many countries to SMEs around the world, develop commitments that are committed to tackling climate change.
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Amazon and Ikea are co-founders, with additional funding from The Children’s Investment Fund Foundation, a charity founded by hedge fund investor Sir Chris Hohn and telecoms Verizon Communications.
Cheshire said its aim will be to find solutions to the problems facing all industries. “Like you make cement or metal for building houses? Most of these are mutually exclusive solutions, you don’t find one company that can solve this.”
He also volunteered to work with governments. Cheshire led a UK government agency, which sought to ensure the smooth running of global operations and to prevent deforestation. He also chairs the Food, Agriculture and Rural Development Agency.
“There is a wonderful way to make spaghetti soup….
He said it was important for businesses to continue to strengthen the work done at the COP26 climate summit in Glasgow last year.
The organizers of the conference were severely criticized by some business groups for separating them from major entry barriers. Some are frustrated that national governments are not moving quickly to respond to climate change.
Cheshire notes that COP26 was “neither a victory nor a tragedy. . . It is an important step, but it is not enough to get to the end, that is why we must continue ”.
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