Corporates, investors urge support of clean energy transition - Smart Energy Decisions

Commercial, Energy Efficiency, GHG Emissions, Industrial, Regulation, Commercial, Industrial, Sourcing Renewables  -  January 12, 2017

Corporates urge Trump support of low carbon policies

More than 530 companies and 100 investors on Jan. 10 called on the incoming Trump administration and the new Congress to support policies to accelerate a low-carbon future.

"We want the U.S. economy to be energy efficient and powered by low-carbon energy," the businesses wrote in a joint statement addressed to president-elect Donald Trump and members of Congress. "Cost-effective and innovative solutions can help us achieve these objectives. Failure to build a low-carbon economy puts American prosperity at risk. But the right action now will create jobs and boost U.S. competitiveness." 

Nonprofit sustainability advocacy organization Ceres, which helped coordinate the companies and investors, said the statement underscores that support for a low-carbon economy is stronger than ever: Nearly half of Fortune 500 companies have targets to reduce greenhouse gas emissions, buy renewable energy and/or increase energy efficiency, the group said. Backers of the statement  Fortune 500 firms to small family-owned businesses

The company signatories collectively take in nearly $1.15 trillion in annual revenue, employ about 1.8 million people and range from Fortune 500 firms to small, family-owned businesses including DuPont, Gap Inc., General Mills Inc., Hewlett Packard Enterprise, Hilton Hotels and Resorts, HP Inc., IKEA, Johnson & Johnson, The Kellogg Company, Levi Strauss & Co., L'Oreal USA, Nike Inc., Mars Inc., Pacific Gas and Electric Co. Schneider Electric, Sealed Air Corp., Starbucks Corp., VF Corp. and Unilever.  

The investor signatories, which collectively manage more than $2 trillion in assets, include leading institutional investors such as the New York State Common Retirement Fund, the California State Teachers Retirement System (CalSTRS), Westpath Benefits and Investments, and Trillium Asset Management.

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