Nordborg, Denmark – Danfoss CEO Kim Fausing, among CEOs of large multinational companies, all members of the Alliance of CEO Climate Leaders, is committed to reduce emissions by more than 1 Gigaton annually by 2030 and believes that businesses can do more if world leaders reach agreement at COP26 that would put us on a 1.5° pathway.

Together with more than 90 CEOs of large multinational companies, Kim Fausing, CEO of Danfoss, signed an open letter to world leaders. The letter, which is formally published by the Alliance of CEO Climate Leaders, states that businesses can do more to reach a net-zero world if governments agree on climate action at COP26. 

Although governments representing over 60 percent of the world’s greenhouse gas emissions are now committed to net-zero emissions goals, only 12 percent of emissions are addressed by sector-specific policies and regulations.

The Alliance of CEO Climate Leaders employ more than 8 million people worldwide and represent some of the largest companies on the planet. All members have committed to set or have already set Paris-aligned targets across their value chains, which would mitigate over 1 Gigaton of emissions annually by 2030.

Kim Fausing will be participating at the COP26 in Glasgow, UK.