More Than 150 Companies Call for Green Coronavirus Recovery
May 19 2020 - 5:49AM
Dow Jones News
By Dieter Holger
A group of corporations said Tuesday that governments world-wide
should address climate change when spending money to alleviate the
economic fallout from the coronavirus crisis.
"To ensure we recover better, we are calling on governments and
policymakers to match our ambitions in their recovery efforts
aligned with reaching net-zero emissions well before 2050," the
companies said.
The coalition of 155 companies with more than $2.4 trillion in
total market value--including Adobe Inc., Unilever PLC, H&M
Hennes & Mauritz AB, Nestle SA and Salesforce.com Inc.--signed
the statement, which was backed by United Nations Secretary General
Antonio Guterres.
"We can beat the virus, address climate change and create new
jobs through actions that move us from the grey to green economy,"
Mr. Guterres said in prepared remarks.
The call comes as major economies, including the U.S. and
European Union, are set to agree to trillions of dollars worth of
stimulus spending in the coming weeks.
All of the companies that signed the statement are part of the
Science Based Targets initiative, which aims to limit the global
temperature rise to 1.5 degrees Celsius.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
May 19, 2020 05:34 ET (09:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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