Businesses are a key player in the global effort to reduce short-lived climate pollutants, as demonstrated by a report released today by BSR and the Climate and Clean Air Coalition (CCAC).
The report shows that reductions of short-lived climate pollutants are an opportunity for businesses to seize while also hedging against risks associated with the new political and economic landscape opened up by the Paris Agreement.
As governments continue to create a path to a low-emissions future and cleaner air, and as investor pressure increases, this report highlights that businesses are responding through investments and operations across the value chain, and sets out why and how business can starting taking action to reduce short-lived climate pollutants (SLCPs).
Key findings in the report are:
Four key sectors are highlighted in the report where businesses can implement mitigation measures at the heart of their operations and supply chains: agriculture, oil and gas, transport, and waste management. All sectors emitting hydrofluorocarbons from air conditioning, or other manufacturing processes are also part of a movement towards global reductions of short-lived climate pollutants.
Many businesses take climate action incrementally by working at different points of a value chain. Within a portfolio of business actions reducing short-lived climate pollutants is an opportunity to improve a company’s performance on minimizing contributions to climate change in ways that are pragmatic and achievable.
Business leaders are already starting to take action to reduce short-lived climate pollutants, including through the We Mean Business coalition with a pledge for businesses to reduce short-lived climate pollutants promoted in the lead up to last year’s Paris climate conference COP21.
The Climate and Clean Air Coalition is leading the global effort to reduce short-lived climate pollutants, and welcomes all interested businesses to contact its Secretariat. Options for businesses to take next steps are also set out in the report.