Market value exceeded 2.4 trillion, 155 multinational companies signed a petition for revitalization naming a "science-based" zero-carbon economic plan
Governments around the world are planning trillions of dollars in post-COVID-19 economic recovery plans. In the coming weeks, several major economies will make crucial decisions on their recovery plans. And the voices of industry are becoming increasingly clear. At last week's virtual "LEAD Climate 2020" initiative, the Coalition for Environmentally Responsible Economies (CERES), along with over 250 business leaders and investors, called on the US Congress to lay the foundation for a more resilient and sustainable post-COVID-19 economy. Then, on the 20th, industry continued to respond to these calls. 155 multinational corporations, with a combined market capitalization exceeding $2.4 trillion and employing over 5 million people, responded to the call of the "Under2" coalition, composed of 220 national and regional governments, and issued a joint statement urging governments worldwide to base their post-pandemic recovery plans on the latest climate science evidence. Companies that signed the statement include Adobe, Burberry, Carlsberg Group, Coca-Cola European Partners, Colgate-Palmolive, Electrolux, H&M, HP, Mars, Nestlé, Salesforce, Unilever and other well-known companies. They are also members of the Science Based Targets initiative (SBTi) and its Business Ambition for 1.5°C. More and more leaders from all walks of life are calling for the adoption of more forward-looking and cost-effective