Chiesi Group calls for #ActionOverWords in climate change fight

"It's time to make announcements that mean something," Ugo Di Francesco, Chiesi Group CEO said. "Companies should be held accountable for their commitments and society should not forget promises made. We want to commit to things that are measurable, and dare to share our progress publicly. We invite our peers to join us on this path." "It's time to make announcements that mean something,"  Ugo Di Francesco, Chiesi Group CEO said . "Companies should be held accountable for their...

"It's time to make announcements that mean something,"  Ugo Di Francesco, Chiesi Group CEO said. "Companies should be held accountable for their commitments and society should not forget promises made. We want to commit to things that are measurable, and dare to share our progress publicly. We invite our peers to join us on this path."

Corporate sustainability commitments often focus on words rather than actions, using terms like carbon neutral, net zero and climate neutral interchangeably based on what sounds more impressive. But only a few refer to official standards to measure progress on an individual company level. This only exists for carbon neutrality^[1]. Without action independently verified according to international standards, sustainability commitments are just words.

Many commitments also do not include indirect emissions that occur in a company's value chain and during product use (scope 3 emissions). 

The largest pharmaceutical certified B Corp, Chiesi's commitments are approved by the Science Based Targets Initiative^[2] and aligned with the Paris Agreement's goal to limit global temperature rise to 1.5°C^[3]. They cover scopes 1, 2 & 3, based on full transparency:

Visit www.actionoverwords.org to learn more.

[1] Certified Carbon Neutral Global Standard, "The Carbon Neutral Protocol January 2021" www.carbonneutral.com.
British Standards Institution, "PAS 2060 Carbon Neutrality" www.bsigroup.com   

[2] The Science-based Targets Initiative, "How it works?" www.sciencebasedtargets.org    

[3] United Nations Framework Convention on Climate Change, "The Paris Agreement" www.unfccc.int 

[4] Carbon Disclosure Project, www.cdp.net

[5] British Standards Institution, "PAS 2060 Carbon Neutrality" www.bsigroup.com