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• New learning program aims to mainstream science-based targets so more companies can deliver ambitious climate action for a net-zero future

Global Compact Network Sri Lanka launched the Climate Ambition Accelerator, a six-month learning program running from 15 July to 15 December, aimed to equip 20 Global Compact Network Sri Lanka signatory and participant level members with the knowledge and skills to help set meaningful climate commitments in line with science based targets.

“This is a make or break year to confront the climate emergency. Meaningful actions taken by businesses collectively now have the power to limit global warming to 1.5 degrees C. Our new Climate Ambition Accelerator enables more companies in our Local Networks to join the transition to a net-zero future and get started in setting ambitious, credible science-based targets,” said UN Global Compact CEO and Executive Director Sanda Ojiambo.

“Business leaders must be courageous to take climate action now to be ready for a zero-carbon future or the growing stakeholder pressure will put companies falling behind at risk from access to key markets. When it comes to the Climate Emergency there is no more time to waste.  The UN Global Compact Network Sri Lanka hopes that participating local companies in this Climate Ambition Accelerator will be motivated towards creating net zero strategies in line with science based targets,” said UN Global Compact Network Sri Lanka Executive Director Rathika de Silva.

Led by the UN Global Compact through Global Compact Local Networks around the world, the Climate Ambition Accelerator Network Sri Lanka Track aims to scale-up credible climate action across companies of all sizes, sectors, and regions. The participating companies include  A. Baur & Co. Ltd, Aitken Spence PLC, Arinma Holdings Ltd, Brandix Lanka Ltd., Commercial Bank of Ceylon PLC, Dialog Axiata PLC, Diesel & Motor Engineering PLC, Dilmah Ceylon Tea Company PLC, EFL (Expolanka Freight), Growrite Substrates Ltd., Hayleys Fabric PLC, International Water Management Institute (IWMI), Jetwing Hotels Ltd., John Keells Holdings PLC, Kelani Valley Plantations PLC, LOLC Holdings PLC, MAS Holdings Ltd., Talawakelle Tea Estates PLC, Tropicoir Lanka Ltd. and Virtusa Corporation.

The new program builds on the UN Global Compact’s work to develop and promote the Science Based Targets initiative and the Business Ambition for 1.5°C campaign. It also complements the UN Global Compact’s existing environmental sustainability efforts such as the Action Platform on Climate Ambition, the Sustainable Ocean Business Action Platform, and the Water Resilience Coalition, which in turn contribute to the Race to Zero and Race to Resilience campaigns in the lead up to COP26.

Through the Climate Ambition Accelerator Network Sri Lanka participating companies will gain access to best practices, peer-to-peer learning opportunities, capacity building sessions and on-demand training.

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