Twelve leading multinational companies recently signed a declaration calling for all necessary action to be taken to limit the global average temperature increase to a maximum of 2ºC compared to pre-industrial levels. In addition they voiced their support of the outcome of last December’s Bali climate change talks and the conclusion that global emissions of greenhouse gases (GHGs) need to peak in the next 10-15 years and be reduced to very low levels by the middle of the 21st century. The Tokyo Declaration includes a voluntary pledge to ‘widen the scope of emission reduction activities in partnering with our business partners’, to ‘improve consumer habits’ and ‘enhance the transparency of our carbon footprint and related reduction activities’.

It is the latest in a series of corporate commitments related to climate change – in December 2007 nearly 350 global firms urged world leaders at the Bali climate change talks to agree a post-2012 deal to replace the Kyoto Protocol.

The 12 signatories to the Tokyo Declaration are Allianz Group, Catalyst, The Collins Companies, Hewlett-Packard Company, Nike Inc., Nokia Corporation, Novo Nordisk, Sagawa Express, Sony Corporation, Spitsbergen Travel, Tetra Pak and Xanterra Parks & Resorts. The commitment is voluntary and not dependant on an international post-2012 agreement.