Retailers and manufacturers to halt deforestation practices and phase out climate-damaging refrigerants
PARIS, 29th November 2010 – On the first day of the Cancun Climate Summit, the Consumer Goods Forum announced two major initiatives on climate change: to work toward ending deforestation, and to phase out the use of refrigerant gases with high global warming potential.
The Forum, formed in 2009, is a CEO-level organization of 400 global consumer goods manufacturers and retailers with combined revenue in excess of $2.8 trillion USD (2,1 trillion Euros). The initiatives were announced by the Board of Directors, comprised of 50 CEOs and co-chaired by Muhtar Kent of The Coca-Cola Company and Lars Olofsson of Carrefour.
“On behalf of my co-chair Lars Olofsson and the Board of Directors of The Consumer Goods Forum, we are in Cancun to lend our support to this monumental but essential task of creating solutions that lead to a low-carbon world,” said Muhtar Kent. “The initiatives that our industry announced today are good examples of the kind of bold and positive action that will be needed to move the needle in combating climate change.”