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Climate action is big business

(BRUSSELS)

Some of the world’s biggest businesses have published a report on the key role climate action is playing in their corporate strategies.

The paper, released ahead of next month’s COP23 climate conference in Bonn, from the European Round Table of Industrialists (ERT), reveals what 30 multinationals, including the likes of Volvo, Heineken, Siemens and Nestlé, are doing to advance some of the commitments made in the Paris Agreement.

Siemens reported “50% of [its] German sites and all of [its] UK sites are powered by 100% green energy”, while Volvo said it is striving to “lower energy consumption and reduce emissions from operations”. The actions taken by each of the 30 are outlined in the report.

Svein Richard Brandtzaeg, President and CEO of Norsk Hydro, and Chairman of the ERT Energy and Climate Change Working Group, said: Low-carbon investment and innovation can only thrive with a globally competitive European industry that is able to deliver the solutions for a successful low-carbon transition.”

And cities around the world are also doing their bit to tackle climate action – today – as part of the global Climathon hackathon.

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