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Press Release -- April 21st, 2021
Source: Ericsson

Ericsson and partners to urge climate action acceleration at Earth Day summit

Ericsson’s Chief Financial Officer, Carl Mellander, will be among the speakers to address a major live social network conference on the need to accelerate the global drive to achieve net zero emissions. The event is being staged to mark Earth Day 2021, Thursday April 22.

Artist's future projection graphic of a city center streets benefitting from emissioon reductions

The 4.5-hour Financing the Race to Zero’ live Twitter broadcast will be staged by the Stockholm-based We Don’t Have Time initiative – the world’s largest social network for climate action – in partnership with the Exponential Roadmap Initiative and Grantham Institute, part of Imperial College London’s climate change and the environment focus.

It is part of the second annual We Don’t Have Time Exponential Climate Action Summit, which is being sponsored by Ericsson. Ericsson is also a member of the Exponential Roadmap Initiative, an official partner of the United Nations’ Race to Zero campaign and TED Countdown.

UN emission targets

The Race to Zero campaign is led by the UN Framework Convention on Climate Change’s Climate Champions. The Earth Day event is also part of the countdown to the twenty-sixth UN Climate Change Conference of the Parties (COP26) to be held in Glasgow, Scotland, from 1-12 November, 2021.

The Exponential Roadmap Initiative is a consortium of scientists, companies, innovators and NGOs which are taking action in line with the 1.5°C ambition. Its mission is to halve emissions before 2030 through exponential climate action and solutions.

Ericsson is set to halve emissions before 2030. In addition to Carl Mellander, Ericsson’s Head of Sustainability, Mats Pellbäck Scharp, will also address the Summit.

This decade is decisive

Other experts from academia, industry, business, politics and the media will take part, including keynote speaker and leading global economist, Lord Nicholas Stern, Chairman of the Grantham Research Institute on Climate Change and the Environment.

Lord Stern will outline how global financial flows and investments are now tipping away from the old, polluting and unsustainable economy of the last century towards the climate-friendly economy of this century.

He will also highlight how increasing numbers of banks, asset managers and owners, finance ministers and investors have ramped up ambitions to halve emissions by 2030 and reach net zero by 2050.

“This decade is decisive. We have to move very fast,” he is expected to say.

Ericsson stands for climate action

Carl Mellander, Chief Financial Officer, Ericsson, says. “Meeting  the 1.5 C target is not just an ambition for Ericsson, it is essential to our ethos and what we stand for as a twenty-first century company. We’re already on track on our own climate targets and know that digitalization technologies can enable up to 15 percent reduction in global greenhouse gas emissions in other sectors by 2030. We’re always looking at ways to accelerate this transformation further. We are proud to sponsor and join this initiative to explain why accelerating the move to zero emissions is not just good for climate change, but also good for business.”

Impressive speaker list

Other participants include:

  • Johan Rockström, Director, Potsdam Institute for Climate Impact Research
  • Johan Falk, Co-founder and Head of the Exponential Roadmap Initiative
  • Sharan Burrow, General Secretary of the International Trade Union Confederation
  • Nick Robins, Professor in Practice for Sustainable Finance, Grantham Research Institute
  • Nigel Topping, UK Government’s High-Level Climate Action Champion for COP26
  • Tariq Fancy, former Chief Investment Officer for Sustainable Investing, BlackRock
  • Staffan Hansén CEO of pension savings group, SPP
  • Tomas Haglund-Flemström, Head of Impact and Innovation, Formica Capital
  • Alejandro Litovsky, Founder and CEO, Earth Security
  • Joseph Nkandu, Executive Director, National Union of Coffee agribusinesses and farm Enterprises
  • Sean Kidney, CEO, Climate Bonds Initiative
  • Helen Mountford, Vice President for Climate and Economics, World Resources
  • Sandrine Dixson-Declève, Co-President, Club of Rome
  • Johan Rockström, Director, Potsdam Institute for Climate Impact Research
  • Annette Detken, Head of InsuResilience Solutions Fund
  • Alice Ross, Deputy News Editor, Financial Times

Ingmar Rentzhog, CEO and Founder, We Don’t Have Time, says: “We need to halve emissions by 2030 to stand a running chance of meeting the net zero goal. Is the world of finance up to the task? Tune in on 22 April to find out.”

Details on how to join the live broadcast are available via this YouTube link.

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