Statement of Ambition

Climate Leaders Coalition Statement of Ambition

As signatories to the Climate Leaders Coalition, we are committed to working together to accelerate our transition towards a zero-carbon and climate resilient future where Aotearoa, and all New Zealanders, can thrive.

We honour the principles of Te Tiriti o Waitangi and play our part in supporting Aotearoa’s domestic and international climate commitments by:

• Reducing our own emissions and leading the way on climate adaptation and a just transition;
• Creating momentum that influences all businesses to act on climate change, and providing peer-to-peer support that enables this; and
• Promoting cross-party support for effective policy that provides the certainty that businesses and communities need to invest and transform.

To sign up to the Statement of Ambition, signatories must meet four minimum requirements:

• Measuring emissions and reporting them publicly;
• Adopting short-term gross absolute science aligned targets for scope 1 and 2 emissions to support the delivery of substantial reductions needed to limit future warming to 1.5 degrees Celsius;
• Assessing climate change risks and publicly disclosing them; and
• Proactively enabling employees and suppliers to reduce their emissions.

The remaining requirements must be met within two years of signing up or by September 2025 (whichever is soonest).  The full Statement of Ambition (below) shows all requirements with bold showing the minimum requirements for joining.

• Measuring our emissions, having them independently verified, and reporting them publicly;
• Adopting short-and-long-term gross absolute science aligned targets for scope 1, 2, and 3 emissions to support the delivery of substantial reductions needed to limit future warming to 1.5 degrees Celsius;
• Assessing climate change risks and opportunities (including in the value chain), setting objectives and/or target(s) to reduce these risks and maximise opportunities, and publicly disclosing them;
• Proactively enabling our employees, board members, customers, and suppliers to reduce their emissions and reduce their climate change risks;
• Embedding plans within our businesses to accelerate climate action across mitigation, adaptation, and transition, and incorporate te ao Māori perspectives;
• Preparing for the next frontier of climate action, including considering the assessment of nature-based risks and long-term climate positive targets.