500+ B Corps Commit to Net Zero by 2030, 20 Years Ahead of Paris Agreement

MADRID, 11 December 2019: As the UN Climate Change Conference, COP25, is underway in Madrid, Carbon Credit Capital together with over 500 fellow B Corporations are publicly committing today to accelerate the reduction of their greenhouse gas emissions to reach a 1.5 degree trajectory leading to net zero by the year 2030—20 years ahead of the 2050 targets set in the Paris Agreement.

These companies, including well-known brands like Patagonia, The Body Shop, Allbirds, Davines, The Guardian, Aguas Danone Spain, Intrepid Travel, Ecoalf, and many others, are part of the global community of Certified B Corporations, businesses that meet the highest verified standards of social and environmental performance, transparency, and legal accountability. There are over 3,000 B Corps in the world, hailing from more than 70 countries and 150 industries, harnessing the power of business to solve major social and environmental challenges facing the world today, including the climate crisis.

This commitment to significant carbon reduction leading to a net-zero future by 2030 is part of the most accelerated climate action effort by as large a constituency of businesses in the world. It demonstrates true leadership in a time of severe environmental and economic unrest and uncertainty.

“We are facing a global emergency that threatens our only home and all our children. It’s time for leaders to lead. As the source and cause of the vast majority of the planet’s greenhouse gases, the business sector is uniquely culpable for the climate crisis—and therefore responsible for demonstrating leadership in eliminating emissions and drawing down carbon as rapidly as possible,” says Kim Coupounas. As B Lab Global Ambassador, co-chair of B Corp Global Climate Task Force and co-leader of B Corp Climate Collective, Kim points out “As evidenced by the NZ2030 commitments made at COP25 this week, B Corps recognize their agency as individual businesses, and as a collective force, to act. Together, these businesses can positively impact vulnerable communities both today and for generations to come, and in so doing literally change the course of history.”

Olivia Fussell, Carbon Credit Capital’s Managing Director, thinks highly of the B Corp movement. “Carbon Credit Capital has been active in the field of carbon emission reduction for more than a decade. We will support this movement with our expertise and knowledge,” says Olivia.

For the list of the companies that commit to Net-Zero emission by 2030, please see here.