Published 2 years ago.
About a 3 minute read.
Image: Adam Kontor/Pexels
Amazon, Disney, Google and Netflix are among the founding companies behind the Business Alliance for Scaling Climate Solutions (BASCS), to increase the scale and impact of business investment in climate solutions.
Today, hot on the heels of last month’s launch of the Climate Solutions
— for which HSBC, WRI and WWF have banded together to unlock
barriers to finance for innovators developing climate solutions — comes another
coalition of organizations pooling their collective power to increase the
scale and impact of business investment in climate solutions.
Led by founding businesses Amazon,
Unilever and Workday; with
partners BSR, Environmental Defense Fund, United Nations
Environment Programme, and World Wildlife Fund
(WWF-US) , BASCS aims to disseminate information and
opportunities for and from peers, practitioners and experts — including best
practices, funding opportunities, and research and insights to scale and improve
Alongside ambitious emissions reductions (with many less ambitious than
from their own carbon footprints, funding from businesses — including carbon
credit purchases, philanthropy, and impact capital — will be critical in scaling
investment in the climate solutions necessary to achieve a just and sustainable,
1.5°C future. The impact in play is enormous. For example, natural climate
solutions have the
for capital flows greater than $100 billion annually, with opportunity across
the world and especially in the Global South.
While significant momentum exists and many organizations are already working
with funding from businesses to deploy climate solutions, BASCS offers an
opportunity to help connect and support these initiatives and the surrounding
community of practice by providing a central, neutral platform for businesses
and experts to meet, learn, discuss and act together.
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“As part of our commitment to The Climate
Amazon is on our way to achieving net-zero carbon emissions by 2040,” says
Kara Hurst, VP of Worldwide Sustainability at Amazon. “We remain focused on
driving decarbonization strategies throughout our business, as well as investing
in additional and quantifiable natural climate solutions to remove carbon and
tackle climate change. We look forward to continuing to work across sectors with
BASCS to accelerate the transition to a low-carbon economy.”
Netflix Sustainability Officer Emma Stewart says: "Netflix has committed to
net-zero emissions by 2022. We will get there by reducing our internal emissions
in line with climate science — and by investing in the power of nature to retain
and reduce emissions from the atmosphere, starting with natural ecosystems like
forests above and below water. Scaling up the highest-quality projects to retain
and reduce emissions is best done collaboratively — which is why we look forward
to this timely, collective effort taking flight."
BASCS seeks to serve and engage all organizations working to scale and improve
climate solutions opportunities for business investment. To learn more and
engage with the Business Alliance to Scale Climate Solutions, please visit
Published Jun 3, 2021 2pm EDT / 11am PDT / 7pm BST / 8pm CEST