WASHINGTON — The White House said early Tuesday morning that 73 new companies, including VF Corp. and Kohl’s Department Stores, have pledged to take expanded steps toward sustainability and mitigating their impact on the environment as part of the Obama administration’s “American Business Act on Climate Pledge.”
The administration began the program in an effort to enlist the help of the business community to reduce its carbon footprint and stave off climate change. Wal-Mart Stores Inc. was one of the original 13 companies that signed on and revealed steps it was taking to reduce greenhouse gas emissions.
The new group brings the number to 154 companies that combined employ nearly 11 million people and represent $4.2 trillion in annual revenue with a collective market capitalization of more than $7 trillion, the White House said.
Other companies that have made commitments as part of the pledge include Levi Strauss & Co., Nike Inc., L’Oréal USA, Target Corp., Procter & Gamble, the Walt Disney Co., Coca-Cola Co., General Motors, Microsoft Corp., Kellogg’s, McDonald’s Corp., UPS and Berkshire Hathaway.
President Obama, who is in Paris this week for the major United Nations climate summit with world leaders, has said his plan, if fully implemented, would cut six billion tons of carbon pollution through 2030, which the White House has said is equivalent to taking all of the cars in the U.S. off the road for more than four years. The talks in Paris over the next two weeks are aimed at forging an accord to reduce global greenhouse gas emissions.
Obama has outlined his goals over the past year.
“The measures taken by the public and private sectors enabled President Obama to set an ambitious but achievable goal of reducing greenhouse gas emissions economy-wide by 26 to 28 percent by 2025 last November,” the White House said. “And in the eleven months since, we’ve seen unprecedented global momentum in the fight against climate change.”