Almost all climate action implemented by municipalities requires the private sector to play an active role.

According to WeMeanBusiness, almost 1,700 companies globally now recognise that the transition to a zero-carbon economy is the only way to secure sustainable economic growth and prosperity for all. At the same time, research from C40 has shown that collaboration with the private sector is one of the biggest barriers to implementing climate action for cities. This is why the Global Green New Deal advocates for coalition-building with all stakeholders, including the business community.

The private sector has a key role to play in supporting and scaling the implementation of climate action plans and reducing the hidden carbon footprint of urban consumption. City-business collaboration can boost the growth of green jobs, develop skills, and accelerate the transition to a low-carbon economy, while generating municipal revenue.

10,000+ businesses engaged to support C40 cities
12 city climate challenges supported through the City Solutions Platform
$5.5 trillion estimated global market for low carbon goods & services1

C40’s business and innovation programmes provide technical assistance to city governments to engage the private sector in climate action. These programmes set joint climate goals between the public and private sectors at the city level, aligned to local priority areas. They help create momentum, enabling collective action, scaling and advocacy through building effective coalitions at the local, regional and global level.

This model for collaboration is working. There is currently a pipeline of more than 40 tangible, sustainable community developments across C40 cities involving city-business collaboration.

Partners include the World Business Council for Sustainable Development (WBCSD), CDP, P4G, the UN and regional delivery partners. More than 10,000 businesses have been involved to date.

Contacts for more information

Programmes & Initiatives

Sources
  1. CDP, “Climate change.”