Today, We Mean Business coalition announced that one of the world’s largest pulp and paper companies, Asia Pulp and Paper (APP), has joined the We Mean Business campaign, a global platform for businesses and investors to accelerate the transition to a low-carbon economy. Companies and investors can join the campaign by taking bold climate actions and committing to any of the initiatives that are driving the low-carbon transition.
APP has committed to stop deforestation from its supply chains by 2020, acknowledging the importance of this target to reduce both material business risks and its carbon footprint. APP has taken a bold step towards the creation of sustainable and resilient supply chains, which will drive economic and social benefits across its business and the communities where it operates.
APP announced its sustainable policies in February 2013 to end deforestation across its supply chain and implement a landscape approach to protect forests and local communities. As part of this climate policy, the company set one of the most ambitious targets ever made by a private company: restore and support the conservation of one million hectares of rainforest across Indonesia.
Nigel Topping, CEO of We Mean Business, commented: “We welcome Asia Pulp and Paper on board of our We Mean Business campaign with such a bold commitment. APP’s sustainable policies have made it a leader in the climate challenge and are pushing the low-carbon transition forward in some of the most delicate areas of the world.”
APP joins some of the world’s most influential companies such as Nestlé, H&M, Unilever, Swiss Re, BT, L’Oréal among others, which are taking bold steps to create transformative change needed to drive a clean energy revolution.
To date, 150+ companies with a market cap of more than US 3.5 trillion and 100+ investors with more than 7.5 trillion assets under management have committed to taking bold climate action through the campaign. In September, more announcements and commitments will be made from businesses, investors and policymakers during Climate Week NYC.