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ogether the voice of progressive business and support an ambitious outcome to the Paris climate negotiations. The Paris Agreement was our first victory. Annual Report 2021 "We must move from the thousands of companies currently acting on climate, to the millions." María Mendiluce, CEO Opening letters ABOUT WE MEAN BUSINESS COALITION A single north star drives everything we do. Climate action is needed now, at a scale and pace unlike anything seen before. We are all in for 1.5ºC. Our vision is a world economy on track to limit global warming to 1.5ºC in ways that deliver sustainable economic growth and shared prosperity. Our purpose is to drive collaborative business leadership to solve the climate crisis. Our goal is to halve emissions by 2030 and transition to a net-zero economy by 2050. Previous Next What we do We have a clear theory of change that delivers. We know that well-regulated markets, driven by business and finance, are among the strongest forces for halving emissions by 2030. What we do Our partners Comprised of 7 founding partner non-profits representing the global leaders of corporate climate action, the Coalition also works with more than 50 implementation partners to deliver unparalleled reach, insight and impact. In these coming years, we aim to expand the Coalition’s network to welcome diverse voices and partners. This development will create new expectations, benchmarks and accountability standards that would shift according to the needs of different regions. Our partners Our milestones View our milestones The coalition at work Ambition in setting science-based targets aligned to the scale of the climate challenge. + 0 SMEs Last year alone, 3,000+ SMEs across more than 90 countries joined the SME Climate Hub. We launched the Hub in the UK (2,000+ SMEs) and newly launched in Spain. 0 Companies A record number of companies, 1,169, committed to SBTi with 585 companies setting targets. 0 °C Target Setting tools We developed sector-specific 1.5ºC target-setting tools and technical guides via SBTi to enable business to set science-informed targets. Find out more Action to cut emissions in half by 2030 and reach net-zero by 2050. 0 PEOPLE in 100+ countries In 2021, more than 7,000 people in 100+ countries have used SME Climate Hub tools and resources, with 46% of SMEs surveyed saying the Hub helped them find ideas for their emission reduction plans. 0 professionals 3,500 professionals from companies committed to the Climate Pledge attended in person or virtual training events. 0 COMPANIES We worked with Mission Possible Partnership to launch a global effort of over 400 companies set on decarbonizing 7 heavy industry sectors with their customers, suppliers, bankers, shareholders, and regulators. 0 BUSINESSES 215 businesses committed to The Climate Pledge by October 2021 and supported 232,000 people in 167 countries, including large companies and SMEs. 0 JAPANESE COMPANIES 63 Japanese companies joined RE100, nearly three times the target. Just Transition Guiding Framework We developed the Just Transition Guiding Framework and three workshops on Just Transition with first movers in the energy and utility sector. Find out more Advocacy to secure wider societal and systems change. 0 + businesses Working with our partners and networks, we mobilized 1,000+ businesses and investors in the United States and Japan, successfully advocating for greater emissions reduction before COP26. 0 companies $2.7 TRiLlion 10 million employees Through a public letter signed by 778 companies (totalling $2.7 trillion and 10 million employees), we mobilized the business community to influence outcomes of the G20 and COP26. 0 Events 2,000 Attendees 28,000 livestream viewers We hosted the business pavillion at COP26 with 50+ partners showcasing climate leadership. There were 94 events and 2,000 attendees (+ 28,000 people on livestream) over 2 weeks. Find out more and Accountability to ensure their commitment, action, and transparency as they race to net zero. 0 + companies committed to ambitious targets through SBTi and SME Climate Hub We developed a Reporting Framework for SMEs to clarify the process of progress reporting. Allowing SMEs to report against scope 1, 2 and 3 and enabling the pathway for SMEs to join the Climate Pledge. 0 + Businesses worth over 64% of global market capitalization disclose to CDP on climate change The coalition elevated and highlighted the Task Force on Climate-Related Financial Disclosures (TCFD) by engaging 750+ companies to in a responsible policy sign-in asking: Make climate-related financial disclosure mandatory for corporations, in line with the TCFD recommendations. Find out more Learn more At We Mean Business Coalition, we are always looking for more partners in the journey toward realizing the 1.5°C ambition. There is a role for everyone in climate action, and we hope to build a richer and more inclusive coalition over the coming years. We look forward to brave conversations and bold ideas in 2022 and beyond. Get in touch with us and stay in the (ambition) loop at www.wemeanbusinesscoaltion.org . For any inquiries regarding partner and/or grant requests please email [email protected] Our funders Download the full report We Mean Business Coalition: Annual Report 2021 Download About the We Mean Business Coalition We Mean Business Coalition works with the world’s most influential businesses to take action on climate change. The Coalition is a group of seven founding non-profit organizations: BSR, CDP, Ceres, Climate Group, CLG Europe, The B Team and WBCSD. Together, we catalyze business and policy action to halve emissions by 2030 and accelerate an inclusive transition to a net-zero economy. Find out more at wemeanbusinesscoalition.org. We Mean Business Coalition Inc. is a US tax exempt 501(c)(3) nonprofit organisation that operates globally. Headquarters 1178 Broadway 3rd Floor, #325 New York, NY 10001 © We Mean Business Coalition 2024 WMBC Annual Report Opening letters What we do Our partners Our milestones The Coalition at work Menu WMBC Annual Report Opening letters What we do Our partners Our milestones The Coalition at...

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