Net-Zero 2050

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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	Related: Science Based Targets initiative
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
Faith based organisations	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