As signatories to the Climate Leaders Coalition, we are committed to working together to build enduring momentum towards a low-emissions, climate-resilient future, contributing to Aotearoa New Zealand’s net zero 2050 target.

The below sets out the refreshed Statement of Ambition for the Climate Leaders Coalition, establishing the commitments made by signatories.

Signatory Commitments:

As CEOs, we acknowledge:

• the impacts of climate change on the enduring viability of our businesses;
• the benefits of investing in climate action and the cost of inaction;
• the imperative for decarbonisation in line with scientific realities;
• and the need for businesses, communities, local and central government to work together to support this transition and adaptation.

To drive momentum, we commit to the following individual actions:

• Continue to build our own climate knowledge and capability;
• Actively support our management and teams to deliver climate action across our businesses;
• Actively engage with board members on climate governance;
• Actively work with other CLC Signatory and non-signatory CEOs to co-create and champion collaboration initiatives that aim to help address climate challenges; and
• Advocate, both publicly and via direct engagement with Government Ministers and other political leaders, for policies and initiatives that support CLC’s vision for a low-emissions, climate-resilient future.

Actions on behalf of our business:

Implementation and Reporting

• Embed climate considerations such as nature, inclusive transition, adaptation, and te ao Māori perspectives into business strategy;
• Publicly report backward-looking progress on emissions and climate action, and prepare forward-looking transition plans, climate action plans or similar;
• Influence and encourage our value chains to reduce their emissions, manage climate change risk and leverage the opportunities of the transition;
• Collaborate with stakeholders and others in our sectors to identify and work to address our most material climate issues;
• Agree relevant outputs of the CLC collaborations will be shared with the wider business community to help lift ambition or drive action across Aotearoa New Zealand.

Contribution to transition

• Commit to supporting Aotearoa New Zealand to achieve its 2050 net zero target and emissions budgets, as set out in the Climate Change Response Act 2002;
• Adopt targets or goals which include either:

1. credible near-term (2-10 years) emissions reduction targets for scopes 1, 2 and, where viable scope 3 ; and/or
2. other measurable climate-related goals or targets, that demonstrate a contribution to New Zealand’s 2050 target.