"Communiqué from International Business Leaders in advance of the United Nations Climate Change Conference 2007" 
as published in the Finacial Times and at www.balicommunique.com on 30 November 2007. The conference is taking place in Bali from 3 to 15 December 2007. (Copyright notice )
This communiqué comes from the business leaders of over 150 global companies. It is being issued in advance of the United Nations Climate Change Conference 2007, taking place from December 3 to 14 in Bali, Indonesia.
The scientific evidence is now overwhelming. Climate change presents very serious global social, environmental and economic risks and it demands an urgent global response.
As business leaders, it is our belief that the benefits of strong, early action on climate change outweigh the costs of not acting:
- The economic and geopolitical costs of unabated climate change could be very severe and globally disruptive. All countries and economies will be affected, but it will be the poorest countries that will suffer earliest and the most
- The costs of action to reduce greenhouse gas emissions in order to avoid the worst impacts of climate change are manageable, especially if guided by a common international vision
- Each year we delay action to control global emissions increases the risk of unavoidable consequences that will likely necessitate even steeper reductions in the future, causing potentially greater economic, environmental and social disruption
- The shift to a low-carbon economy will create significant business opportunities. New markets for low carbon technologies and products, worth billions of dollars, will be created if the world acts on the scale required
In summary, we believe that tackling climate change is the pro-growth strategy. Ignoring it will ultimately undermine economic growth.
It is our view that a sufficiently ambitious, international and comprehensive legally-binding United Nations agreement to reduce greenhouse gas emissions will provide business with the certainty it needs to scale up global investment in low-carbon technologies. We believe that an enhanced and extended carbon market needs to be part of this framework as it offers the necessary flexibility, allows for a cost-effective transition and provides financial support to developing countries.
In order to avoid dangerous climate change, the overall targets for emissions reduction must be guided primarily by science. Even an immediate peaking in global emissions would require a subsequent reduction of at least 50% by 2050, according to the Fourth Assessment Report of the Intergovernmental Panel of Climate Change, and the later the peak in emissions, the greater the required reduction. All countries will need to play their part but we recognise that the greatest effort must be made by those countries that have already industrialised.
At the United Nations Climate Change Conference in December in Bali, Indonesia, countries will have an opportunity to agree a work-plan of comprehensive negotiations to ensure such an agreement can be signed in Copenhagen in 2009, to come into force post 2012.
We urge world leaders to seize this window of opportunity.
In return, we pledge to engage positively with governments to help develop the policies and measures that are needed internationally and nationally for the business sector to contribute effectively to building a low carbon economy.
Copyright:
We reproduced this article for reference reasons only.
- Signed by members of the UK and EU Corporate Leaders Group on Climate Change:
- Ron Teerlink, Member of the Managing Board, ABN AMRO
- Nicholas Walsh, Executive Vice President, AIG
- Clement Booth, Member of the Board of Management, Allianz SE
- Jonson Cox, Chief Executive Officer, AWG
- Peter Hubbard, Chief Executive Officer, Axa Insurance
- Ian Cheshire, Chief Executive Officer, B&Q
- Stephen Nelson, Chief Executive Officer, BAA
- Ben Stimson, Director of Responsibility & Reputation, BSkyB
- Sam Laidlaw, Chief Executive Officer, Centrica
- René Obermann, Chief Executive Officer, Deutsche Telekom AG
- Andrea Valcalda, Chief Coordinator of the Environment and Innovation Project, Enel
- Paul Golby, Chief Executive Officer, E.On
- Alain Grisay, Chief Executive Officer, F&C
- Charlie Mayfield, Chairman, John Lewis
- Neil Carson, Chief Executive Officer, Johnson Matthey
- Ray Baker, Director of Corporate Social Responsibility, Kingfisher
- Truett Tate, Group Executive Director, Wholesale & International Banking, Lloyds TSB
- Garrett Forde, Chief Executive Officer, Philips Lighting, Philips
- Bart Becht, Chief Executive Officer, Reckitt Benckiser Group
- Jean-Pascal Tricoire, Chief Executive Officer, Schneider Electric
- James Smith, Chairman, Shell UK
- Stuart Graham, President and Chief Executive Officer, Skanska AB
- Mervyn Davies, Chairman, Standard Chartered
- Trude Sundseth, Senior Vice President for Environment and Climate, Statoil Hydro
- Kim Jones, MD UK & Ireland, Sun Microsystems
- Lucy Neville-Rolfe, Executive Director, Tesco
- Patrick Cescau, Chief Executive Officer, Unilever
- Simon Lewis, Group Corporate Affairs Director, Vodafone
-
The Bali Communiqué has also been signed by:
- Roderick Munsters, Chief Investment Officer, ABP
- Richard Lawn, Chair of the Green Committee, Access Accounting
- Juan Ramón Silva, General Manager, Acciona
- Frank Henke, Global Director - Group Social & Environmental Affairs, Adidas
- Andre Veneman, Director Corporate Social Responsibility, Akzo Nobel
- Cynthia Carroll, Chief Executive Officer, Anglo American
- Peter Norman, Executive President, AP7
- Terry Hill, Chairman, ARUP
- Mr. A J Devanesan, President, Asia Pacific Resources International Holdings
- Michael O'Sullivan, President, Australian Council of Super Investors
- Rafael Codoñer Seguí, Chief Executive Officer, Bancaja Habitat
- Marcus Agius, Chairman, Barclays PLC
- Frank Chapman, Chief Executive Officer, BG Group
- Silla Maizey, Head of Corporate Social Responsibility, British Airways
- Cassandra Gardiner, Director of Corporate Social Responsibility, Cable and Wireless
- Todd Stitzer, Chief Executive Officer, Cadbury Schweppes
- John Chiang, California State Contoller, California State
- Russel Read, Chief Investment Officer, CalPERS
- Jack Ehnes, Chief Executive Officer, CalSTRS
- Christine Hodgson, UK Finance Director, Capgemini
- Frank Pegan, Chief Executive Officer, Catholic Super
- Manuel de Melgar y Oliver, Corporate and Public Affairs general manager, Cementos Portland Valderrivas
- Neville Isdell, Chairman and Chief Executive Officer, Coca Cola
- Manfred Wennemer, Chief Executive Officer, Continental AG
- John Smith, Director, CP Holdings
- Ivan Mišetic, Chief Executive Officer, Croatia Airlines
- Elliott Mannis, Chief Executive Officer, D1 Oils plc
- Will Peskett, Head of corporate citizenship, Diageo
- Nigel Knowles, Joint Chief Executive Officer, DLA Piper
- Charles Holliday, Chairman and Chief Executive Officer, Dupont
- Nicholas Cox, Managing Director, Earthcare Products Ltd
- Andy Harrison, Chief Executive Officer, EasyJet
- Tod Cohen, Vice-president GR and general Counsel, ebay
- Mark Prior, Regional Managing Director, EC Harris International
- Ignacio Heudet de Vigo, Chief Executive Officer, Elcogas
- Jose Casas Marin, Deputy Vice-President, Endesa
- Fiona Wain, Chief Executive Officer, Environment Business Australia
- Peter Young, Strategy Director, Enviros
- Robin Bidwell, Executive Chairman, ERM
- Arantza Laskurain Artetxe, Director of Foundation, Eroski Foundation
- Niall McCarthy, Director, Eureka Funds Management
- Richard Brown, Chief Executive Officer, Eurostar
- Dr. Peter Schnurrenberger, Head of Corporate Safety, Health and Environmental Protection, F.Hoffmann-La Roche Ltd
- José Mayor Oreja, Chief Executive Officer, FCC Construcción,
- Valentin Alfaya Arias, Quality and Environment Director, Ferrovial
- Mr. Alexander M. Kloosterman, Member of the Group Executive Committee, Fortis
- Dan Henkle, Senior Vice President of Social Responsibility, GAP
- Nani Beccalli-Falco, President & Chief Executive Officer, GE (International)
- Karl E. Watkin, Chairman, Green Antlantic Partners Ltd
- Alex Worrell, Chairman, Helius Energy
- Colin Melvin, Director - Corporate Governance and Responsible Investment, Hermes Investment Management Ltd
- Anne-Marie Corboy, Chief Executive Officer, Hesta
- David Hall, Chief Executive Officer, HFL Ltd
- Stephen Green, Chief Executive Officer, HSBC Bank
- Michael Hawker, Chief Executive Officer, IAG
- Damian Moloney, Chief Executive Officer, Industry Funds Management
- Abdallah Nauphal, Chief Executive Officer, Insight investments
- Daniel T. Hendrix, Chief Executive Officer, Interface Inc.
- James Flanagan, Head of Communications and Investor Relations, International Power plc
- Christine Poon, Vice Chairman, Johnson & Johnson
- Edward Bonham Carter, Chief Executive Officer, Jupiter Asset Management
- Ioannis Alafouzos, Vice President, Kathimerini
- Greg Batts, UK Country HSE Director & EAMER HSE Operations Manager, Kodak
- John Griffith-Jones, UK Chairman, KPMG
- Ian McCaig, Chief Executive Officer, Lastminute.com
- Greg Clarke, Chief Executive Officer, Lend Lease
- Joana Marfoh, Head of treasury and pension fund management, London Borough of Islington Pension Fund
- Jean-Paul Agon, Chief Executive Officer, L'Oreal
- James A Quille, Chief Executive Officer, Macquarie Global Property Advisors
- Stuart Rose, Chief Executive Officer, Marks and Spencer
- DK Matai, Executive Chairman, mi2g Ltd
- Andrew Honey, Chief Executive Officer, Microgeneration
- Zouhair A. Khaliq, President and Chief Executive Officer, Mobilink Pakistan
- John Stewart, Group Chief Executive Officer, National Australia Bank
- Peter Brabeck, Chairman and Chief Executive Officer, Nestle SA
- Thomas Di Napoli, NY State Comptroller, New York State
- Rachel Webber, Director, Energy Initiatives, News Corporation
- Mark Parker, President & Chief Executive Officer, Nike Inc
- Mr Olli-Pekka Kallasvuo, Chief Executive Officer, Nokia
- Simon Beresford-Wylie, Chief Executive Officer, Nokia Siemens Networks
- Lise Kingo, Executive Vice President and Chief of Staff, Novo Nordisk
- Frans van Houten, Chief Executive Officer, NXP Semiconductors
- Helen Wright, Head of Environment, O2
- Mr. M. Rasheed Jung, Managing Director, Pak-Arab Refinery Ltd.
- Jalees Ahmed Siddiqi, Managing Director & Chief Executive Officer, Pakistan State Oil Company
- Wilem W Frischmann, Chairman, Pell Frischmann Consulting Engineers Ltd
- Steven Kline, Vice President, Corporate Environment and Federal Affairs, PG&E
- Dr. Francesco Gori, Managing Director, Pirelli Tyre
- Roger Saillant, President and Chief Executive Officer, Plug Power Inc.
- Kieran Poynter, Chairman, PricewaterhouseCoopers
- Antonio Calvo Roy, Corporate Responsibility and Industrial Relations Manager, Red Electrica de Espana
- Antonio Brufau, Chief Executive Officer, Repsol YPF
- Charles Blundel, Director of Public Affairs, Rolls Royce
- Bridget McIntyre, UK Chief Executive Officer, Royal & Sun Alliance
- Barbara Kux, Member Group Management Committee and Chair of the Sustainability Board, Royal Philips Electronics
- Du Yingzhuo, Managing Director, Ryle Technology
- Julius Brinkworth, Head of Energy and Environment, Sainsburys
- Alan Brown, Chief Investment Officer, Schroders Investment Management
- Jose Luis Del Valle Doblado, Chief Executive Officer, Scottish Power
- Christopher Kirk, Chief Executive Officer, SGS
- Fan Xiaohong, Senior General Manager, Sewind Co Ltd, Shanghai Electiric
- Paul Dougas, Chief Executive Officer, Sinclair Knight Merz
- Ioannis Alafouzos, Chairman, SKAI
- Sebastian Escarrer Jaume, Chief Executive Officer, Sol Melia
- Jeremy Leggett, Chief Executive Officer, Solarcentury
- Mr Hideki Komiyama, President, Sony Ericsson Mobile Communications
- Gerard Mestrallet, Chairman and Chief Executive Officer, Suez
- Brian Robins, Chief Marketing Officer, Sungard
- Dr. Zhengrong Shi, Chairman and Chief Executive Officer, Suntech Power Holdings
- Jonathan Maxwell, Founding Partner & Chief Executive Officer, Sustainable Development Capital LLP
- Leo Johnson, Co-Founder, Sustainable Finance
- Ivo Menzinger, Managing Director, Sustainability & Emerging Risk Management, Swiss Re
- Cecily Joseph, Head of CSR, Symantec
- Robert Berendes, Head Business Development, Syngenta International
- Claus du Rietz, Vice President Environment, Tetra Pak
- Peter Saunders, Chief Executive Officer, The Body Shop
- Ian Morrice, Chief Executive Officer, The Warehouse, NZ
- Simon Fineman, Chief Executive Officer, Timbmet
- Joan Bavaria, President and Chief Executive Officer, Trillium Asset management
- Thomas Leysen, Chief Executive Officer, Umicore
- George David, Chief Executive Officer, United Technologies
- John Barnes, Environment and Sustainability Director, United Utilities plc
- Peter Moon, Chief Investment Officer, Universities Superannuation Scheme
- Sir Richard Branson, Chief Executive Officer, Virgin
- Jurgen Leohold, Head of Group Research, Volkswagen
- Colin Byrne, Chief Executive, UK & Ireland, Weber Shandwick
- David Raymond Morgan, Chief Executive Officer, Westpac
- Chris Cole, Chief Executive Officer, WSP Group
- Haiyan Liu, Managing Director, Wuxi Ryle Zhufeng Technology Ltd,China
-
The Corporate Leaders Group on Climate Change gratefully acknowledges the support of the following leaders and organisations:
- The World Business Council for Sustainable Development,
- Mike Mason, Chief Executive Officer, Climate Care
- Sebastian Gallehr, Chief Executive Officer, European Business Council in Sustainable Energy
- Nigel Hughes, Chief Executive Officer, Green Light Trust
- Tom Flood, Chief Executive Officer, BTCV
- Daniel M. Kammen, Founding Director, Renewable & Appropriate Energy Laboratory, Berkeley University
Information provided by the Corporate Leaders Group on Climate Change
Cambridge Programme for Industry, 3 December 2007
CATHOLIC
centrica
The Coca Cola Company
CP Holdings Limited
CROATIA AIRLINES
D1 Oils plc
Deutsche Telekom
DIAGEO
DUPONT
e-on UK
easyJet
ebay
Endesa
Enel
ENVIROS
ERM
Eureka FUNDS MANAGEMENT
EUROSTAT???
F&C Investments
FCC
ferrovial
Gap Inc.
GE
GPX
HSBC
HESTA SUPERFUND
IAG Insurance Australia Group
Industry Funds Management
Insight INVESTMENT
International Power
John Lewis Partnership
Johnson & Johnson
Johnson Matthey
JUPITER
KINGfiSHER
Kodak
KMPG
Land Lease
Lloyds TSB
L'OREAL
M&S
MGPA
MAACAMERE????
Nestlé
News Corporation
Nike
NOKIA
Nokia Siemens Networks
novo nordisk
NXP
O2
Pakistan Petroleum Limited
PARCO
PF
PG&E
PHILIPS
PIRELLI
PRICEWATERHOUSECOOPERS
RED ELÉ DE ESPAÑA
RECKITT BENCKISER
RED?????
Rolls-Royce
ROCHE
ROYAL & SUNALLIANCE
RT Ryle Technology
Sainsbury's
Schneider Electric
Schroders
Scottish Power
Scottish & Southern Energy
SGS
SHANGHAI ELECTRIC
SHELL
Sjunde AP-fonden
SKANSKA
SKM SINCLAIR KNIGHT MERZ
ΣKAI
Sky
Sol Melia
solarcentury
Sony Ericsson
Standard Chartered
State Controller California
State Comptroller New York
STATOIL HYDRO
suez
Sun microsystems
SUNGARD
SUNTECH
SwissRe
syngenta
TESCO
Tetra Pak
thewarehouse
TIMBMET
TRILLIUM
umicore
Unilever
United Technologies
USS UNIVERSITIES SUPERANNUATION SCHEME LIMITED
Virgin
vodofone
VOLKSWAGEN
WEBER SHANDWICK
Westpac
WSP
zaannnan??????
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HRH speaks about climate change during a day of engagements in Wales
7th November 2007
The Prince of Wales told business leaders that climate change is the biggest challenge facing society during a visit to Wales today.
Speaking at the All Nations Centre in Cardiff, The Prince said urgent changes had to be made, or Earth would become uninhabitable.
He said: "I don't think there is a more urgent issue for any of us to be addressing at work, at home, and indeed in every facet of our lives, than climate change."
The Prince told delegates at The Prince of Wales's Business Summit on Climate Change that their companies play a key role in dealing with the issue.
His Royal Highness described the evidence on climate change as "frightening" and "alarming".
He added: "It must surely be clear by now that the longer we leave it before taking effective action, the more dire the situation will become and the more desperate the measures that will be needed."
The Prince described why the summit was so important, saying: "In the face of the evidence, doing nothing is simply not an option - it can't be any more, because of the urgency of the situation.
"What on earth is the point of waiting until we test the world to destruction, because we believe really rigidly in empirical, evidence-based science, before taking decisive action?
"On this occasion it will quite simply be too late."
The Prince urged everyone - businesses and members of the public alike – to help protect the environment.
His Royal Highness said: "I would just like each of us to spend a little time thinking about the costs of not getting this right - asking ourselves what our children and grandchildren will say when they look back and assess what we did about climate change, when we actually knew the evidence, and in the light of what we knew.
"At the current levels of progress it seems likely that their assessments of our generation will be rather harsh.
"This really is the most important issue facing us as a society and as a species.
"Because, let's be clear, our planet will survive a high degree of climate change. Planets do survive. But only one planet, as far as we know, currently has the very precise conditions our species needs to survive. This is the problem.
"Make no mistake about it, we are well on the way to destroying those conditions, and making our planet uninhabitable."
The Prince joked: "I know - I've been talking to the plants and trees for years now and you'd be amazed at what you can pick up."
His Royal Highness concluded by saying: "This is not about saving the planet. Actually, it's about saving us. That is where each and every one of us has a responsibility to do what we can."
The Prince urged companies to work together to reduce the impact of climate change, and to reduce their carbon footprints.
His Royal Highness described changing the habits of the general public with regard to tackling climate change as "a real challenge" and asked retailers to engage with customers on the issue.
The Prince said he was "indebted" to members of the business community for attending the summit and said it was not too late to make a real difference.
First Minister Rhodri Morgan addressed the conference, transmitted via video link to simultaneous summits in Edinburgh and St Asaph, North Wales, this morning.
Delegates included Science Museum director Professor Chris Rapley, South Wales Police Chief Constable Barbara Wilding, Corus director Richard Leonard, Ann Beynon, BT Director Wales, and Jane Davidson, Minister for the Environment in the Welsh Assembly.
Earlier in the day, The Prince planted a cross in a Field of Remembrance dedicated to those who died in battle.
At a sombre service in the Alexander Gardens of Cathays Park, Cardiff, His Royal Highness said it was "humbling" to see the sheer number of crosses in the ground with each one marking a life lost in battle.
The Prince also visited a memorial to the men and women who died serving the UK during the Falklands War 25 years ago.
Flanked by the Welsh Assembly First Minister Rhodri Morgan and Captain Norman Lloyd-Edwards, the Lord-Lieutenant of South Glamorgan, The Prince bowed his head during prayers for the fallen.
The open-air service, led by the Rev Stuart Lisk and attended by veterans from an assortment of regiments, also included prayers for peace in modern times.
A bugler played the Last Post before two minutes' silence was held.
After planting a cross in the park's Field of Remembrance, The Prince gave a short speech: "It is extremely humbling to look around this garden of remembrance and to see such an array of crosses.
"Each cross representing a life lost in the service of this country.
"It is a particularly poignant reminder that the significance of the poppy is as relevant today as it ever was.
"Our armed forces continue to be engaged in operations overseas where, sadly on a daily basis, young men and women are being injured or lose their lives in the service of this country."
He added: "I therefore hope that it gives some comfort to those grieving families of all generations that we do and will remember them."
Earlier in the day, The Prince visited the National Museum of Wales where he attended a reception and met members of the Royal British Legion.
His Royal Highness also spent time at the Falklands war memorial in Cathays Park which has a five tonne Quartzite rock from the battlefield of Mount Harriet as its centrepiece.
Andy Jones, Secretary of the South Atlantic Medal Association (SAMA), was responsible for organising the memorial. The Prince of Wales is Patron of SAMA.
He said: "It means a heck of a lot to all the veterans for The Prince to come here."
Before leaving for his next function, The Prince spoke to journalism post-graduate students who had gathered outside the park to greet him.
Catherine Bolsover, 22, said: "He said he hoped we were learning about the ethical side of journalism. He was lovely."
Richard Porter, also 22, said: "We came out during shorthand class to see him. He asked about shorthand and whether it was difficult and very useful."
He added: "He was lovely though."
For his final engagement of the day, The Prince of Wales presented champion fighter Joe Calzaghe with a Lonsdale belt from the Welsh Sports Hall of Fame in recognition of a lifetime of achievement in the sport of boxing.
The latest accolade for the 35-year-old boxer from Newbridge, south Wales, comes days after he became the undisputed super-middleweight champion of the world by defeating Denmark's Mikkel Kessler in front of 50,000 fans at the Millennium Stadium in Cardiff.
The function was held in the banqueting hall of Cardiff Castle and was attended by Joe Calzaghe's parents Enzo and Jackie, and his partner Jo-Emma Lavin.
During the introductions, Joe’s promoter, Frank Warren, told The Prince his fighter was a great example to youngsters all over Britain.
Before the presentation of the belt, The Prince talked to Joe Calzaghe about the rigours of having to lose weight ahead of his fights and related it to his own experience while playing polo.
"Fighting is easy," Joe told The Prince, "making the weight is the hardest part.
"My natural weight is 14 stone and I've put a stone and a half on after the fight."
The Prince also asked the fighter if everyone was cheering for him on Saturday and Joe replied: "Yes, but there was quite a lot of Danish there."
His Royal Highness also spent time talking to Calzaghe's stable mate and WBA light-welterweight champion Gavin Rees, who also hails from the Newbridge area of south Wales.
After The Prince left the castle, Joe said: "It's been a fantastic week. It is great to be here and I'm enjoying every minute of it.
"So much hard work was put into training and winning on Saturday night. This is a great honour."
The Lonsdale belt presented to Joe Calzaghe will not join his collection, which includes the WBC, WBA and WBO, as it will be retained by the Welsh Sports Hall of Fame.
Since his victory, Joe Calzaghe admitted he had not slept much and had viewed his fight six times.
"It is fantastic," he said. "I've been buzzing ever since.
"Meeting Prince Charles and to be presented with this beautiful belt for my achievements is fantastic."
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Gallery for this article
7th November 2007
HRH carries out engagements in Wales
Diary entry for this article
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