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Global Climate Action  

At the twenty-first session of the Conference of the Parties (COP 21) in Paris, it was agreed that mobilizing stronger and more ambitious climate action by all Parties and non-Party stakeholders is urgently required if the goals of the Paris Agreement are to be achieved.

In decision 1/CP.21, the commitments from all actors are recognized, including those launched through the Lima–Paris Action Agenda, as well as the urgent need to scale up the global response to climate change and support greater ambition from governments.

At COP 22 in Marrakech, a High-Level Event on Accelerating Climate Action was held to highlight outcomes from the Action Events throughout the conference and culminated with the launching of the Marrakech Partnership for Global Climate Action; a new framework to catalyse and support climate action.

NAZCA Tracking Climate Action

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8

Nordea Bank

Sweden

COOPERATIVE ACTIONS (3)

Business Leadership Criteria on Carbon Pricing

Set an internal carbon price, publicly advocate and communicate on progress

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Use of carbon price

Private finance

Montréal Carbon Pledge

Measure and publicly disclose the carbon footprint of their investment portfolios on an annual basis

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Private finance

RE100

Procure 100% of electricity from renewable sources

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Renewable energy

INDIVIDUAL ACTIONS (5)

Reduce operational CO2e emissions intensity of Nordic operations by 15% per fulltime employee from 2008 to 2016 through increased energy efficiency

Energy access & efficiency

Emissions reduction

Reduce CO2e emissions intensity of air travel for Nordic operations by 30% per fulltime employee from 2008 to 2016

Emissions reduction

Transport

Reduce CO2e emissions from Nordic operations and upstream activities by 40% from 2008 to 2016 through increased energy efficiency and renewable energy purchases

Energy access & efficiency

Renewable energy

Emissions reduction

Continue to supply 100% of total electricity consumption from renewables in 2016

Renewable energy

Set an internal carbon price by 2017

Use of carbon price