The first meeting of the European Peer Learning Group on Corporate Climate Strategies was held on the 4th and 5th of Junein Berlin. The meeting was organized by the UN Global Compact Local Networks of Germany, France, Spain, Italy, Switzerland and Denmark. The aim was to promote dialogue among companies from different national contexts and foster sharing corporate experiences on the importance of developing corporate climate strategies – as well as setting ambitious climate targets in line with the Paris Agreement’s objective of limiting global warming to +1.5° C.
4 Italian companies - A2A, Artsana, Ferrovie dello Stato, Snam - already committed to developing a corporate climate strategy attended the meeting. During the event was also explored and discussed the importance for companies of setting Science-Based Targets, aligned with the above-mentioned 1.5 ° C global objective.
The meeting was highly interactive, with sharing of experiences and working groups. All activities started with the identification of the drivers that push each company to develop a climate strategy: top management commitment, brand credibility and company reputation, stakeholders' expectations and transparency, increase of corporate competitiveness and market opportunities.