Annual Report 2021

"We must move from the thousands of companies currently acting on climate, to the millions."

María Mendiluce, CEO

Opening letters

ABOUT WE MEAN BUSINESS COALITION

A single north star drives everything we do. Climate action is needed now, at a scale and pace unlike anything seen before. We are all in for 1.5ºC.

Our vision

is a world economy on track to limit global warming to 1.5ºC in ways that deliver sustainable economic growth and shared prosperity.

Our purpose

is to drive collaborative business leadership to solve the climate crisis.

Our goal

is to halve emissions by 2030 and transition to a net-zero economy by 2050.

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What
we do

We have a clear theory of change that delivers.

We know that well-regulated markets, driven by business and finance, are among the strongest forces for halving emissions by 2030.

What we do

Our partners

Comprised of 7 founding partner non-profits representing the global leaders of corporate climate action, the Coalition also works with more than 50 implementation partners to deliver unparalleled reach, insight and impact.

In these coming years, we aim to expand the Coalition’s network to welcome diverse voices and partners. This development will create new expectations, benchmarks and accountability standards that would shift according to the needs of different regions.

Our partners

Our milestones

View our milestones

The coalition at work

Ambition

in setting science-based targets aligned to the scale of the climate challenge.

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SMEs
Last year alone, 3,000+ SMEs across more than 90 countries joined the SME Climate Hub. We launched the Hub in the UK (2,000+ SMEs) and newly launched in Spain.
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Companies
A record number of companies, 1,169, committed to SBTi with 585 companies setting targets.
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Target Setting tools
We developed sector-specific 1.5ºC target-setting tools and technical guides via SBTi to enable business to set science-informed targets.
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Action

to cut emissions in half by 2030 and reach net-zero by 2050.

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PEOPLE in 100+ countries
In 2021, more than 7,000 people in 100+ countries have used SME Climate Hub tools and resources, with 46% of SMEs surveyed saying the Hub helped them find ideas for their emission reduction plans.
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professionals
3,500 professionals from companies committed to the Climate Pledge attended in person or virtual training events.
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COMPANIES
We worked with Mission Possible Partnership to launch a global effort of over 400 companies set on decarbonizing 7 heavy industry sectors with their customers, suppliers, bankers, shareholders, and regulators.
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BUSINESSES
215 businesses committed to The Climate Pledge by October 2021 and supported 232,000 people in 167 countries, including large companies and SMEs.
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JAPANESE COMPANIES
63 Japanese companies joined RE100, nearly three times the target.
Just Transition Guiding Framework
We developed the Just Transition Guiding Framework and three workshops on Just Transition with first movers in the energy and utility sector.
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Advocacy

to secure wider societal and systems change.

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businesses
Working with our partners and networks, we mobilized 1,000+ businesses and investors in the United States and Japan, successfully advocating for greater emissions reduction before COP26.
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companies
$2.7 TRiLlion
10 million employees
Through a public letter signed by 778 companies (totalling $2.7 trillion and 10 million employees), we mobilized the business community to influence outcomes of the G20 and COP26.
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Events
2,000 Attendees
28,000 livestream viewers

We hosted the business pavillion at COP26 with 50+ partners showcasing climate leadership. There were 94 events and 2,000 attendees (+ 28,000 people on livestream) over 2 weeks.

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and Accountability

to ensure their commitment, action, and transparency as they race to net zero.

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companies
committed to ambitious targets through SBTi and SME Climate Hub
We developed a Reporting Framework for SMEs to clarify the process of progress reporting. Allowing SMEs to report against scope 1, 2 and 3 and enabling the pathway for SMEs to join the Climate Pledge.
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Businesses
worth over 64% of global market capitalization disclose to CDP on climate change
The coalition elevated and highlighted the Task Force on Climate-Related Financial Disclosures (TCFD) by engaging 750+ companies to in a responsible policy sign-in asking: Make climate-related financial disclosure mandatory for corporations, in line with the TCFD recommendations.
Find out more

Learn more

At We Mean Business Coalition, we are always looking for more partners in the journey toward realizing the 1.5°C ambition. There is a role for everyone in climate action, and we hope to build a richer and more inclusive coalition over the coming years. We look forward to brave conversations and bold ideas in 2022 and beyond.

Get in touch with us and stay in the (ambition) loop at www.wemeanbusinesscoaltion.org.

For any inquiries regarding partner and/or grant requests please email [email protected]

Our funders

Download the full report

We Mean Business Coalition: Annual Report 2021

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About the We Mean Business Coalition

We Mean Business Coalition works with the world’s most influential businesses to take action on climate change. The Coalition is a group of seven founding non-profit organizations: BSR, CDP, Ceres, Climate Group, CLG Europe, The B Team and WBCSD. Together, we catalyze business and policy action to halve emissions by 2030 and accelerate an inclusive transition to a net-zero economy. Find out more at wemeanbusinesscoalition.org.

We Mean Business Coalition Inc. is a US tax exempt 501(c)(3) nonprofit organisation that operates globally.

Headquarters
1178 Broadway
3rd Floor, #325
New York, NY 10001

© We Mean Business Coalition 2024