Business Maverick: UN’s Race to Zero Draws Climate Pledges From a Fifth of FTSE 100

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Almost a fifth of FTSE 100 companies have signed up to a United Nations pledge to eliminate their carbon emissions by 2050, as U.K. Prime Minister Boris Johnson strives to inject momentum into domestic efforts to fight climate change.

Nineteen members of the U.K.’s benchmark stock index, with a market capitalization of about 715 billion pounds , have committed to the UN’s Race to Zero campaign, Andrew Griffith, the premier’s climate envoy to business, said in an interview. They include AstraZeneca Plc, Vodafone Group Plc and Rolls Royce Holdings Plc, he said.

“The prime minister was very keen that we create a real sense of domestic momentum so that COP 26 is not just about world leaders flying in and having their photos taken in front of flags; it’s about real climate action” Griffith, a Conservative Party lawmaker and former chief operating officer at Sky Plc, said in an interview.

Griffith was named the U.K.’s “Net Zero Business Champion” in November, with a mission to push businesses toward adopting targets for carbon neutrality.“My ultimate goal is the whole of the U.K. business community from the largest to the smallest,” Griffith said.

 

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