To limit global warming close to 1.5°C, the transition away from fossil fuels is an imperative. This imperative is also recognized in the recommendations of the UN secretary general’s High-Level Expert Group for net zero commitments, HLEG.

Given the urgent need to phase out fossil fuels, companies have a crucial role to play in producing transition plans focused on rapidly phasing out fossil fuels. Net zero business initiatives are mobilising their members to phase out fossil fuels.

This session discusses the role that companies can play in the transition away from fossil fuels - in terms of immediate action starting in own operations and value chains, in terms of developing best practice that can be scaled, and in terms of beginning to send demand signals that will put pressure on governments and investors. It also announces a work programme by Exponential Roadmap Initiative for companies - with IKEA in the lead - to start mapping and eliminating fossil fuels.

Moderator: Andrea Lindblom, Exponential Roadmap Initiative 

Panelists: 

• Christina Niemelä Ström, Global Head of Sustainability Supply and Strategic Sustainability Assignments, IKEA
• Johan Falk, CEO, Exponential Roadmap Initiative
• Tzeporah Berman, Chair Fossil Fuel Non-Proliferation Treaty Initiative
• Axelle Bodwell, Youth Climate Delegate, Seychelles
• Andrew Prag, Managing Director Policy, We Mean Business Coalition
• David Ekelund, CEO, Icebug