H&M, Ikea, B&Q, and Walmart have partnered with COP26 High-Level Climate Action Champions to initiate the ‘Race to Zero Breakthroughs: Retail Campaign.’ Supported by the World Business Council for Sustainable Development (WBCSD), this initiative aims to support industry-wide campaigns to promote climate action and encourage other retailers to reduce carbon emissions and keep global warming below 1.5 degrees Celsius. It aims to set science-based goals and commit to achieving net-zero emissions from vehicles by 2050 at the latest, and join the ‘zero-emission race’ initiative.
Peter Bakker, CEO, WBCSD says, the campaign urges retailers to take ambitious climate action to address risks posed by climate change across their supply chains and operations. They need to join the UNFCCC’s Race to Zero and showcase leadership and commitment, like H&M Group, Ingka Group (Ikea), Kingfisher, and Walmart, he adds.
In 2019, Amazon and the climate non-profit organization Global Optimism jointly launched a similar movement known as the Climate Pledge. The members of the climate pledge promise to achieve the Paris Agreement ten years ahead of schedule and achieve carbon neutrality by 2040. Verizon, Siemens, Microsoft, and Best Buy are among 108 signatories to the pledge.