Net-Zero 2050

General

Name of initiative Net-Zero 2050
LPAA initiative No
NAZCA Initiative Yes
Website address www.bteam.org/plan-b/net-zero-by-2050
Related initiatives
Starting year 2017
End year
Secretariat The B Team have the Secretariat.

Net-Zero 2050 Team Manager: Emily Hickson (eh@bteam.org)

Organisational structure The Net-Zero 2050 Team is a leadership group of CEOs and their companies, who are working together to accelerate the just transition to net-zero greenhouse gas emissions by 2050.
Geographical coverage
Name of lead organisation
Type of lead organisation
Location/Nationality of lead organisation

Description

Description The Net-Zero 2050 Team is a leadership group of CEOs and their companies, who are working together to accelerate the just transition to net-zero greenhouse gas emissions by 2050.
Objectives They Net-Zero Team have committed to set a science-based target, and further pledge to phase out all greenhouse gas emissions by January 1, 2050. They also pledge to use their influence to advocate for policies that support an economy-wide transition to net-zero greenhouse gas emissions by 2050.
Activities Companies must demonstrate leadership across the following criteria:

•Commit to set a science-based target, and submit this target to the Science Based Targets initiative for verification within two years. •Produce a roadmap demonstrating how they will implement their SBT in line with the level of ambition required to keep global temperature rise below 1.5°C and to reach net-zero emissions (in Scopes 1, 2 and 3) by 2050. •Engage in comprehensive, consistent and transparent annual reporting. •Commit to using their influence and advocating for policy that supports an economy-wide transition to net-zero greenhouse gas emissions by 2050. •Commit to ensuring their transition plans account for the positive and negative impacts on workers and communities, and work in partnership with stakeholders to ensure the transition is just and fair.

One or two success stories achieved

Monitoring and Impacts

Function of initiative Implementation, Political dialogue
Activity of initiative Goal setting (ex-ante), Advocacy
Indicators
Goals They Net-Zero Team have committed to set a science-based target, and further pledge to phase out all greenhouse gas emissions by January 1, 2050.
Comments on indicators and goals
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals Currently five companies have committed to set science-based target, or had their target approved by the Science Based Targets initiative, and have also pledged to take their companies to net-zero. These are: Kering, Unilever, Broad Group, Safaricom, and Natura.

The B Team works with more companies that have also made bold aspirations to take their companies to Net-Zero GHG emissions by 2050, who have not yet set a science-based target, but are encouraged to do so. These include Virgin Group, Econet, Salesforce and Tiffany & Co.

How are you tracking progress of your initiative
Available reporting

Participants

Participants Number Names
Members 9  
Companies 9 With Science Based Targets:

Kering (France),Unilever (United Kingdom),Broad Group (China),Safaricom (Kenya),Natura (Brazil). The B Team works with more companies that have also made bold aspirations to take their companies to Net-Zero GHG emissions by 2050,who have not yet set a science-based target,but are encouraged to do so. These include Virgin Group (United Kingdom),Econet (Denmark),Salesforce (USA),Tiffany & Co. (USA).

Business organisations 0
Research and educational organisations 0
Non-governmental organisations 0
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 0
Financial Institutions 0
Other members 0
Supporting partners 0
Number of members in the years
Have only national states as participators No


Theme

Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
No No No Yes No No No No No No No No No No Yes No No No No No No No
Last update: 30 September 2019 10:54:04

Not only have national states as participators