CEO Statement from Danish Businesses

af Global Compact Network Denmark

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Danish Companies Call on Governments to Take Tangible Action to Accelerate the Green Transition

In response to Secretary-General António Guterres’ call for concrete plans to ‘rescue the SDGs’, 27 leading Danish companies, all participants of UN Global Compact Network Denmark, are joining forces to call for collective action for a green and just transition towards a net-zero future.

Danish companies acknowledge their complex role as proponents of sustainability and recognize that broad cooperation between businesses and governments is essential to bridge the gap between challenges and transformative solutions. Furthermore, they call on governments globally to create an enabling environment for a green and just transformation. Recommendations include accelerating investments in sustainable solutions, solid regulatory frameworks, assisting small and medium-sized enterprises, and ensuring access to green finance.

Unified Action Guided by UN Global Compact Principles and Science-Based Targets

Recognizing the immense challenges posed by climate change and interconnected global crises, the companies state that only through a unified and principle-based approach can we effectively tackle the complex problems that stand in the way of achieving the Sustainable Development Goals (SDGs) by 2030.

Central to their commitment is adopting transparent, measurable net-zero targets with an outset in their commitment to the Science Based Targets initiative (SBTi). These targets align with the Paris Agreement's goal of limiting global temperature rise to 1.5 degrees Celsius and require a comprehensive transformation of business operations and supply chains.

To meet these targets, the Danish companies commit to:

• Public renewable energy plans with measurable targets for phasing out fossil fuels.
• Annual greenhouse gas data disclosure to increase transparency.
• Responsible use of carbon credits.
• Advocacy for ambitious climate action.
• Mobilization of sustainable investments.
• A just transition addressing social consequences.

With their eyes firmly set on the ambitious 2030 SDG deadline, Danish companies are sending a clear message: we must act collectively. Now is the time to reaffirm commitment and take measurable steps to increase momentum.

Read the CEO Statement here.