26 November 2010
The statement – known as The Cancun Communique – is an initiative of the Prince of Wales’s Corporate Leaders Group on Climate Change – a cross-sectoral group of major international businesses working with the University of Cambridge to call for more ambitious action to tackle climate change.
It argues that scientific evidence for action is overwhelming and an international framework is vital to deliver such action at the required scale. However it also argues that governments should not wait for success in the negotiations before taking action on their own.
The companies that have signed the Communiqué believe that: "The risk of inaction on climate change is far greater than the cost of investing today" and that an ambitious, robust and equitable deal is the right way to both respond to climate change and stimulate economic recovery.
Some of the well known companies that are signatories to the communiqué include: Adidas; Air France; British Airways; BSkyB; Coca-Cola; eBay; Johnson & Johnson; Kodak; Lloyds Banking Group; Nestle; Philips; Reuters; Royal Dutch Shell; Unilever; the Virgin Group and Vodaphone.
The Communiqué was presented to decision makers around the world in the lead-up to the meeting of world leaders at COP16 – The United Nations Climate Change Conference which is currently underway in Cancun, Mexico.
Visit the Oxfam website for regular updates on the Cancun conference.