We Mean Business Coalition: Difference between revisions

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The We Mean Business Coalition (WMBC) is a group of seven nonprofit organizations seeking to "accelerate the inclusive transition to a global net-zero economy" by working with the world's "most influential businesses." Its seven members are:
The We Mean Business Coalition (WMBC) is a group of seven nonprofit organizations seeking to "accelerate the inclusive transition to a global net-zero economy" by working with the world's "most influential businesses."<ref>https://www.reuters.com/business/sustainable-business/comment-carbon-market-scrutiny-must-be-call-action-improve-them-not-abandon-them-2023-02-09/</ref> Its seven members are:


BSR / CDP / [[CERES]] / CLG Europe / [[Climate Group]] / The B Team / and the [[World Business Council for Sustainable Development]]
BSR / CDP / [[CERES]] / CLG Europe / [[Climate Group]] / The B Team / and the [[World Business Council for Sustainable Development]]
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= Verra Scandal =
= Verra Scandal =


In February 2023, the WMBC's Deputy Director of Nature-Based Solutions wrote an article for [[Reuters]]<ref>https://www.reuters.com/business/sustainable-business/comment-carbon-market-scrutiny-must-be-call-action-improve-them-not-abandon-them-2023-02-09/</ref> minimizing the extent of greenwashing uncovered the previous month in the voluntary carbon market, specifically [[Verra]]'s avoided deforestation credits.<ref>https://www.theguardian.com/environment/2023/jan/18/revealed-forest-carbon-offsets-biggest-provider-worthless-verra-aoe</ref>  
In February 2023, the WMBC's Deputy Director of Nature-Based Solutions wrote an article for [[Reuters]]<ref>https://www.reuters.com/business/sustainable-business/comment-carbon-market-scrutiny-must-be-call-action-improve-them-not-abandon-them-2023-02-09/</ref> minimizing the extent of [[greenwashing]] uncovered the previous month in the [[voluntary carbon market]], specifically [[Verra]]'s avoided deforestation credits.<ref>https://www.theguardian.com/environment/2023/jan/18/revealed-forest-carbon-offsets-biggest-provider-worthless-verra-aoe</ref>  


The article failed to disclose that Verra was not only founded by one of the WMBC's members ([[Climate Group]]), it is also a current member of [[The Natural Climate Solutions Alliance]] (NCSA), which is convened by another Verra founder [[World Economic Forum]] along with another WMBC member, the World Business Council for Sustainable Development.
The article failed to disclose that Verra was not only founded by two of the WMBC's members ([[Climate Group]] and [[WBCSD]]), it is also a current member of [[The Natural Climate Solutions Alliance]] (NCSA), convened by the WBCSD and another Verra founder, the [[World Economic Forum]].


Instead, the article promoted as "the good news" the work of another NCSA member - [[Sylvera]] - and the NCSA's upcoming "buyer's guide" as a way of ensuring "due diligence" in carbon credit purchases. Major polluters belonging to the NCSA include [[British Petroleum]], [[Equinor]], [[Nestle]], [[Shell Oil]], and [[Weyerhaeuser]].
Instead, the article promoted as "the good news" the work of another NCSA member - [[Sylvera]] - and the NCSA's upcoming "buyer's guide" as a way of ensuring "due diligence" in carbon credit purchases. Major polluters belonging to the NCSA include [[British Petroleum]], [[Equinor]], [[Nestle]], [[Shell Oil]], and [[Weyerhaeuser]].
Previously, the WMBC funded the September 2022 publication of the NCSA's Voluntary Carbon Market Guide for C-suite Executives <ref>https://www.wbcsd.org/contentwbc/download/14832/210827/1</ref>.
= Source =

Latest revision as of 21:42, 16 March 2023

The We Mean Business Coalition (WMBC) is a group of seven nonprofit organizations seeking to "accelerate the inclusive transition to a global net-zero economy" by working with the world's "most influential businesses."[1] Its seven members are:

BSR / CDP / CERES / CLG Europe / Climate Group / The B Team / and the World Business Council for Sustainable Development

Cop-27 Events

The WMBC hosted 101 events at COP-27.[2] Sponsors included Bayer-Monsanto, Nestle, Facebook, Unilever, and Salesforce. The World Economic Forum and World Wildlife Fund were also two of many notable partners.[3]

Verra Scandal

In February 2023, the WMBC's Deputy Director of Nature-Based Solutions wrote an article for Reuters[4] minimizing the extent of greenwashing uncovered the previous month in the voluntary carbon market, specifically Verra's avoided deforestation credits.[5]

The article failed to disclose that Verra was not only founded by two of the WMBC's members (Climate Group and WBCSD), it is also a current member of The Natural Climate Solutions Alliance (NCSA), convened by the WBCSD and another Verra founder, the World Economic Forum.

Instead, the article promoted as "the good news" the work of another NCSA member - Sylvera - and the NCSA's upcoming "buyer's guide" as a way of ensuring "due diligence" in carbon credit purchases. Major polluters belonging to the NCSA include British Petroleum, Equinor, Nestle, Shell Oil, and Weyerhaeuser.

Previously, the WMBC funded the September 2022 publication of the NCSA's Voluntary Carbon Market Guide for C-suite Executives [6].

Source

  1. ↑ https://www.reuters.com/business/sustainable-business/comment-carbon-market-scrutiny-must-be-call-action-improve-them-not-abandon-them-2023-02-09/
  2. ↑ https://www.wemeanbusinesscoalition.org/cop27-business-pavilion
  3. ↑ https://www.wemeanbusinesscoalition.org/cop27-sponsors-partners/
  4. ↑ https://www.reuters.com/business/sustainable-business/comment-carbon-market-scrutiny-must-be-call-action-improve-them-not-abandon-them-2023-02-09/
  5. ↑ https://www.theguardian.com/environment/2023/jan/18/revealed-forest-carbon-offsets-biggest-provider-worthless-verra-aoe
  6. ↑ https://www.wbcsd.org/contentwbc/download/14832/210827/1
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