Story 20 of 26 - Sep 19, 2024 - US

2040 will: Conserve more nature

Featuring

Nature and Conservation

By The Climate Pledge

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Signatories of the Pledge are investing in nature-based solutions to mitigate climate change. They are protecting forests, promoting sustainable agriculture, and reducing emissions.

Ecosystems such as forests, wetlands, and grasslands capture and store carbon, playing a crucial role in mitigating climate change. The Climate Pledge signatories understand that they must both reduce their own carbon emissions and invest in external climate mitigation efforts including critically preserving and restoring nature. It is difficult to envision a path to stabilizing climate change that does not rely on nature.

Signatories have taken steps to implement nature-based solutions, including building new infrastructure, establishing new funding mechanisms, and fostering  local partnerships around the world.

Signatory highlights:

- Amazon: Created the Right Now Climate Fund, a $100 million fund for nature-based solutions to restore and conserve forests, wetlands, and grasslands around the world.

- Amazon, PwC,  McKinsey & Company, SAP, Landsec, Salesforce, and Unilever: Joined the LEAF Coalition, a public-private project to mobilize over $1 billion to protect forests around the world.

- Impossible Foods: Created Impossible Beef, which requires 91% fewer emissions, 96% less land, and 92% less water than animal beef.

- Mastercard: Committed to fund the restoration of 100 million trees by 2030 through its Priceless Planet Coalition.

- PepsiCo: Doubled its regenerative farming footprint year-over-year from more than 900,000 acres to more than 1.8 million acres globally in 2023.

- Royal Philips: Offset their 2023 operational carbon footprint (418 kilotonnes), through credible, nature-based carbon mitigation solutions, equivalent to the annual carbon uptake of 12.6 million medium-sized oak trees.

- Salesforce: Enabled organizations across various industries to track and report on environmental, social, and governance (ESG) data through its Net Zero Cloud platform.

- Unilever: Initiated new nature-related goals to protect and restore 1 million hectares of natural ecosystems and implement regenerative agriculture practices across 1 million hectares of land by 2030.