Johnson Controls Supports Major Expansion of First Movers Coalition
05/25/2022 - 05:15 AM
More than 50 companies have now joined the First Movers Coalition, launched by President Biden of the US and the World Economic Forum at COP26 Coalition calls for urgent progress on clean technology innovation to achieve net-zero emissions globally by 2050 Johnson Controls, founding member of the Coalition, has committed to purchase 10 percent near net zero steel by 2030 CORK, Ireland May 25, 2022 Johnson Controls , the global leader for smart, healthy and sustainable buildings, is proud to support the expansion of the First Movers Coalition, which Johnson Controls joined as a founding member in November 2021 . The First Movers Coalition, a flagship public-private partnership to clean up the most carbon-intensive industry sectors, from heavy industry to long-distance transport, announced today a major expansion to more than 50 corporate members worth about $8.5 trillion 40% of global GDP.
Global companies must work together to create new markets for a net-zero future
US Special Presidential Envoy for Climate John Kerry made the announcement alongside Bill Gates , founder of Breakthrough Energy, at a press briefing hosted by the World Economic Forum.
"Global companies must work together to create new markets for a net-zero future. As a founding member of the First Movers Coalition Johnson Controls made a commitment to purchase 10 percent near net-zero carbon steel by 2030, and today welcomes new members, including Microsoft, Alphabet and Salesforce, to the Coalition, creating an unprecedented demand signal for cleantech," said George Oliver , chairman and CEO Johnson Controls . "Only through joint collaboration we are creating unprecedented market demand for the near-zero or zero-carbon technologies needed for net-zero by 2050."
Led by the World Economic Forum and the US government, the First Movers Coalition targets sectors including aluminium, aviation, chemicals, concrete, shipping, steel, and trucking responsible for 30% of global emissions – a proportion expected to rise to over 50% by mid-century without urgent progress on clean technology innovation.
The companies – whose market cap represents about $8.5 trillion
Reducing emissions to net-zero by 2050 is possible if the right technologies are brought to commercial scale within the next decade.
"On behalf of the whole team at Johnson Controls, it is our great honor and pleasure to be counted among the founding partners of the First Movers Coalition. Let us salute Secretary John Kerry and the leadership of the World Economic Forum for launching this innovative partnership, and historic expansion today," said Katie McGinty , vice president and chief sustainability and external relations officer at Johnson Controls. "This is exactly the kind of "working together"—business and government, together—that the world so needs and that we know is an unbeatable combination. The toughest problems—like decarbonizing hard to decarbonize sectors—wither in the face of formidable partnerships, and we believe, transform them into opportunities."
Among the earliest industrial companies to report carbon emissions and pledge emission reductions, Johnson Controls continues to make tremendous progress – committing to achieving net zero Scope 1 and 2 carbon emissions by 2040 – ten years ahead of the Paris Climate Agreement goal. By 2030, the company aims to cut its Scope 1 and 2 emissions by 55 percent and Scope 3 emissions by 16 percent. These ambitious 2030 emissions reduction targets have been approved by the Science Based Targets initiative.
Additional information on the First Movers Coalition can be found here https://www.johnsoncontrols.com/corporate-sustainability/environment
About Johnson Controls
At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.
Building on a proud history of more than 135 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering. Today, with a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry. Visit www.johnsoncontrols.com for more information and follow @Johnson Controls on social platforms.
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SOURCE Johnson Controls International plc
