CFO Net Zero Statement of Support

The Statement

The next decade is critical. The recent report from the Intergovernmental Panel on Climate Change (IPCC) warned of severe consequences of a failure to prevent global warming exceeding 1.5°C. To limit the increase in global average temperatures to 1.5°C, emissions need to halve by 2030, and drop to net zero by the middle of the century for the best chance of avoiding the worst impacts of climate change.

As Chief Financial Officers (CFOs), we recognize the scale of the transition needed and the challenges climate presents for governments, business and civil society. In our positions, we have an important role to play in supporting the efforts and plans of our organizations to respond to the challenges of climate change, and to share our experiences with others. Our responsibilities include raising and allocating the funds our organizations need for transition and adaptation, embedding greenhouse gas (GHG) reductions within our organization’s decision-making processes, and accurately tracking and reporting our performance against our reduction targets over time.

Several of our organizations have already made ambitious greenhouse gas emissions reduction commitments. These include commitments to achieve net zero emissions by 2030, 2050 or reductions in line with the Science Based Targets initiative. As a group of CFOs, we commit to build on this, and to work collectively to share our experiences and practices with others. We intend to demonstrate this commitment and contribution by doing one or more of the following:

• Aligning our GHG emission reduction targets, across all relevant scopes, with 1.5°C emissions scenarios;
• Setting and validating science-based targets through the Science Based Targets initiative; or
• Publishing our own net zero emissions pathway, outlining our trajectory towards net zero emissions.

Through our individual and collective actions, we aim to provide useful examples to other companies grappling with similar issues. While we see our role in addressing climate change within our companies as critical, we also wish to ensure other companies benefit from our experience. To this end, we hope our actions, strategies and progress can help other businesses as the world moves to a net zero emissions economy.

We are proud to support a smooth transition to a net zero emissions economy. In signing this statement, we are formalizing our increased ambition and signalling our commitment to a net zero emissions future.

The signatories

• Clifford Abrahams, former Chief Financial Officer, ABN AMRO
• Geneviève Brouillette, Chief Financial Officer, Aldo
• Camilla Wirth, Chief Financial Officer, Alecta
• Markus Kobler, Global Chief Financial Officer Finance and Controlling, Allianz Global Investors
• Steve Buck, Chief Financial Officer, Anglian Water
• Debbie Clifford, Chief Financial Officer, Autodesk
• Bhavesh Mistry, Chief Financial Officer, British Land
• Julie Brown, Chief Financial Officer, Burberry
• Maarika Paul, Executive Vice President and Chief Financial Officer, Caisse de dépot et placement du Québec (CDPQ)
• Chris O'Shea, Group Chief Executive, Centrica
• Philippe Blondiaux, Chief Financial Officer, Chanel
• Heather Taylor, Chief Financial Officer and Treasurer, City of Toronto
• Patrice Impey, Chief Financial Officer and General Manager of Finance, Risk and Supply Chain Management, City of Vancouver
• Melanie Kreis, Chief Financial Officer, Deutsche Post DHL
• Tim Harris, former Chief Financial Officer, Direct Line Group
• Graeme Gibson, Finance Director, Edinburgh Airport
• Catherine Vandenborre, Chief Financial Officer, Elia Group
• Pat Bolster, Director of Finance, Environment Agency
• Iain Mackay, Chief Financial Officer, GlaxoSmithKline
• Javier Echave, Chief Financial Officer, Heathrow Airport Holdings
• Harmit Singh, Executive Vice President and Chief Financial Officer, Levi Strauss and Co.
• Philip Witherington, Chief Financial Officer, Manulife Financial Corporation
• Claus Aagaard, Chief Financial Officer, Mars
• June Cheryl Cabal-Revilla, Chief Finace Officer and Chief Sustainability Officer, Metro Pacific Investments Corporation
• Mark Kaye, Chief Financial Officer, Moody's
• Andy Agg, Group Chief Financial Officer, National Grid
• Karsten Knudsen, Executive Vice President and Chief Financial Officer, Novo Nordisk
• Neelamani Muthukumar, Group Chief Financial Officer, Olam International
• Susan Davy, Chief Executive Officer, Pennon Group
• Henry Schirmer, Chief Financial Officer, Randstad
• Geraldine Matchett, Chief Financial Officer, Royal DSM
• Daniel Cazeaux, Group Chief Financial Officer, Royal London
• Kevin O’Byrne, Group Chief Financial Officer, Sainsbury's 
• Mark Hawkins, President and Chief Financial Officer Emeritus, Salesforce.com
• Warren Zaccaro, Executive Vice President and Chief Financial Officer, Securian Financial Group
• Maria Ferraro, Chief Financial Officer, Siemens Energy
• Simon Robson, Group Chief Financial Officer, Sky
• Jason Clark, Chief Financial Officer, Smart DCC
• Ken Bowles, Chief Financial Officer, Smurfit Kappa
• Birgit Conix, Chief Financial Officer, Sonova
• Ewout Steenbergen, Executive Vice President and Chief Financial Officer (CFO), S&P Global
• Gregor Alexander, Finance Director, SSE
• Seppo Parvi, Chief Financial Officer, Stora Enso
• Lars Løddesøl, Executive Vice President and Group Chief Financial Officer, Storebrand
• Michael Jennings, Chief Financial Officer, Sussex Community NHS Foundation Trust
• Alan Stewart, former Chief Financial Officer, Tesco
• Karen Higgins, Executive Vice President, Finance and Chief Financial Officer, The Co-operators Group
• Kate Bowyer, former Chief Financial Officer, The Crown Estate
• Graeme Pitkethly, Chief Financial Officer, Unilever
• Ian Olan, COO, UniServices - University of Auckland
• Anthony Odgers, Chief Financial Officer, University of Cambridge
• Victor Pang, Chief Financial Officer, Vancouver Fraser Port Authority
• Matthew Ellis, Executive Vice President and Chief Financial Officer, Verizon
• Zane Rowe, Executive Vice President and Chief Financial Officer, VMWare
• Julien Gattoni, Managing Director and Chief Financial Officer, World Economic Forum
• John Rogers, Chief Financial Officer, WPP
• Chris Johns, Chief Financial Officer, Yorkshire Water