Ahead of the UN Climate Action Summit in September, Natura &Co is stepping up its commitment to set a new level of climate ambition as part of “Business Ambition for 1.5°C: Our Only Future” campaign.
As part of this commitment, Natura &Co, together with 21 other companies with a total market capitalization of over $1.7 trillion, will pledge to limit its contribution to global temperature rise to 1.5°C above pre-industrial levels and reaching net-zero emissions by no later than 2050.
This commitment supports the most recent report by the Intergovernmental Panel on Climate Change (IPCC), which warned of catastrophic consequences should global warming exceed 1.5°C.
“The UN Secretary-General has called on leaders to come to the Climate Action Summit in September with clear plans for major cuts to emissions on the pathway to a zero-net emissions economy by 2050,” said Ambassador Luis Alfonso de Alba, the UN Secretary-General’s Special Envoy for the Climate Action Summit. “It is very encouraging to see these climate leaders in the global business community taking action, both to help tackle the climate emergency and because taking climate action presents huge opportunities for early movers. By sending strong market signals, these companies are showing governments that they need to urgently ramp up their national plans in line with the latest climate science.”
Roberto Marques, executive chairman of Natura &Co said, “For the sake of the next generation, we cannot ignore the climate emergency we face today. Business, governments, civil society and individuals must act together, and we must be more ambitious. Because when it comes down to it, we cannot run businesses on a dead planet. This campaign is a great start and I would encourage every business to get involved.”
This is the first major commitment made by Natura &Co since its formation following the union of Natura, Aesop and The Body Shop to form a purpose-driven cosmetics group.