Sims Limited, a global leader in sustainability and an enabler of the circular economy, and joint venture partner LMS Energy, one of Australia’s largest emissions reducers and most experienced landfill biogas companies, announced that they are the latest signatories of the Action Declaration on Climate Policy Engagement.
The declaration, a joint initiative of Corporate Knights and the Global 100 Council, was announced recently at COP27, the 2022 United Nations Climate Change Conference in Sharm el-Sheikh, Egypt.
This action garnered the support of more than 50 global companies that are committed to ensuring their climate policy engagement, and that of their industry associations, helps to address climate change, not stall it. It brings together corporate leaders who are committed to improving public–private policy engagement to move the world toward the clean economy needed to address climate change.
The Action Declaration on Climate Policy Engagement outlines how organizations in the movement will decarbonise the economy by supporting ambitious actions to close the say-do gap on countries’ emission reductions by:
- Supporting climate action aligned with the Paris Agreement when engaging with policy-makers
- Working with their major industry/trade associations to advance alignment with the Paris Agreement
- Monitoring and disclosing climate policy alignment for their companies and their major industry/trade associations.
The signatory companies that signed the declaration represent major industries from mining and finance to healthcare and technology. Their almost US$900 billion in combined annual revenues account for one percent of the global gross domestic product.
“This year, Sims Limited assessed the climate policy positions of our industry associations as part of our shareholder-endorsed climate action plan and disclosed the results,” said Alistair Field, chief executive officer and managing director at Sims Limited. “Signing this agreement and committing ourselves to meeting the goals of the Paris Agreement is a very important step in our multi-year sustainability strategy. It signals our continued transparency in climate advocacy to address the shared global challenge of climate change.”
Sims Limited joins more than four dozen global companies that are also committed to ensuring their climate policy engagement supports governments in addressing climate change. The company’s sustainability strategy is based on three pillars: operate responsibly, close the loop, and partner for change. Supported by this declaration, these sustainability pillars will enable Sims Limited and its portfolio businesses to have a major impact in supporting the global circular economy and decarbonization.
John Falzon, Chairman of LMS Energy, said that being a signatory to the declaration underscores LMS Energy’s commitment to climate action as a world-leading bioenergy company.
“LMS Energy exists to reduce the climate impact of waste; destroying methane produced by landfills is at the heart of what we do,” Mr. Falzon stated. “Our projects prevent greenhouse gases from entering the atmosphere while supplying secure, affordable, clean energy. We want to ensure that what we do best supports the transition to a net zero, circular economy making more sustainable use of the resources we have in order to conserve our environment for generations to come.”
