30 November 2007
The Coca-Cola Company Joins The Move To A Low-Carbon Economy
150 global business leaders call for legally binding UN framework to tackle climate change.
The time to act on climate change is now, for all of us: governments, companies, citizens and all of society.
As world leaders gather in Bali to discuss climate change, we want them to know that we support an effective and inclusive framework to move to a low-carbon economy. We support negotiations for an ambitious, international agreement within the UN framework, based on science and aimed at cost-effective reductions in greenhouse gas emissions.
We are committed to doing our part. In the last five years we have reduced our worldwide energy use ratio by 16%, more than compensating for the growth of our business, and we are investing in further operational improvements to ensure that we will continue to grow our business, not the carbon. We have pledged to improve the energy efficiency of our cooling equipment by 40 to 50% by 2010 and to move out of HFC-based refrigeration. We are making investments in renewable energy and reforestation.
But the challenges of climate protection are bigger than what any one company can achieve. We need world leaders to seize this window of opportunity to establish the global policy framework that will provide the certainty and direction to protect the climate.
Notes to Editors:
On 30th November 2007, the business leaders of 150 global companies published a communiqué to world leaders calling for a comprehensive, legally binding United Nations framework to tackle climate change.
The initiative represents an unprecedented coming together of the international business community and includes some of the biggest companies and brands from around the world, including the United States, Europe, Australia and China.
It has been led by The Prince of Wales's UK and EU Corporate Leaders Groups on Climate Change, which are developed and run by the University of Cambridge Programme for Industry.
It is hoped that The Bali Communiqué will have a significant impact on the UN climate negotiations starting on December 3rd 2007 in Bali, Indonesia.
The Bali Communiqué calls for:
The Bali Communiqué and a full list of signatories is available at: www.balicommunique.com.
The time to act on climate change is now, for all of us: governments, companies, citizens and all of society.
As world leaders gather in Bali to discuss climate change, we want them to know that we support an effective and inclusive framework to move to a low-carbon economy. We support negotiations for an ambitious, international agreement within the UN framework, based on science and aimed at cost-effective reductions in greenhouse gas emissions.
We are committed to doing our part. In the last five years we have reduced our worldwide energy use ratio by 16%, more than compensating for the growth of our business, and we are investing in further operational improvements to ensure that we will continue to grow our business, not the carbon. We have pledged to improve the energy efficiency of our cooling equipment by 40 to 50% by 2010 and to move out of HFC-based refrigeration. We are making investments in renewable energy and reforestation.
But the challenges of climate protection are bigger than what any one company can achieve. We need world leaders to seize this window of opportunity to establish the global policy framework that will provide the certainty and direction to protect the climate.
Notes to Editors:
On 30th November 2007, the business leaders of 150 global companies published a communiqué to world leaders calling for a comprehensive, legally binding United Nations framework to tackle climate change.
The initiative represents an unprecedented coming together of the international business community and includes some of the biggest companies and brands from around the world, including the United States, Europe, Australia and China.
It has been led by The Prince of Wales's UK and EU Corporate Leaders Groups on Climate Change, which are developed and run by the University of Cambridge Programme for Industry.
It is hoped that The Bali Communiqué will have a significant impact on the UN climate negotiations starting on December 3rd 2007 in Bali, Indonesia.
The Bali Communiqué calls for:
- A comprehensive, legally binding United Nations framework to tackle climate change
- Emission reduction targets to be guided primarily by science
- Those countries that have already industrialised to make the greatest effort
- World leaders to seize the window of opportunity and agree a work plan of negotiations to ensure an agreement can come into force post 2012 (when the existing Kyoto Protocol expires)
The Bali Communiqué and a full list of signatories is available at: www.balicommunique.com.
