Business Alliance to Scale Climate Solutions
BASCS seeks to serve and engage all organizations working to scale and improve climate solutions opportunities for business investment. Join us!
Our Mission Join Us Our Approach Member Principles FAQs Resources Members & Partners
BASCS aims to:
Building the Alliance
that connects, enables, and grows the global community of practice. BASCS provides navigation assistance for companies while building a centralized corporate audience for NGOs, experts, and organizations seeking funding.
Learning & Acting Together
to accelerate action and improve impact by disseminating information and opportunities to and from the community of practice.
the movement by empowering businesses with clear guidance, resources, and learning opportunities.
the corporate funder’s voice as a proof point to support meaningful public sector action.
BASCS’ work is grounded in four core principles:
BASCS members prioritize work to reduce their own emissions in line with a science-based target (e.g., through the SBTi) and pursue high impact climate investments that go even further to curb climate change. Members will seek scalable solutions to help make hard-to-achieve reductions feasible in the future. Climate solutions funding is a complement rather than a substitute for science-based emissions reductions.
02Ambition to Action
BASCS members work to catalyze and deepen investments in global emissions reductions, avoided emissions and removals across and beyond value chains (e.g., mobilizing others in the corporate sector to invest alongside us).
BASCS members support applying sound and verified methodologies to ensure high social and environmental integrity of investments. Carbon credits claimed by companies must represent additional, real, quantifiable, and verifiable emissions reductions or removals, and must not be double counted.
BASCS members support investments that deliver environmental and social integrity and co-benefits and have strong safeguards, in addition to driving real GHG emissions reductions. Members will seek investments that quantify these co-benefits when possible.
Led by founding businesses Amazon, Disney, Google, Microsoft Corp., Netflix, Salesforce, Unilever, and Workday, and partners Environmental Defense Fund, United Nations Environment Programme, and World Wildlife Fund (WWF-US), with global sustainable business organization BSR serving as Secretariat, BASCS aims to gather and disseminate information and opportunities for and from peers, practitioners, and experts, including sharing best practices, funding opportunities, and research and insights to scale and improve climate solutions.
BASCS offers an opportunity to help connect and support existing initiatives and the surrounding community of practice by providing a central, neutral platform for businesses and experts to meet, learn, discuss, and act together.
BASCS is broad, global, and neutral in its approach, inclusive of activities that occur across and beyond value chains and deliver robust and transparent climate mitigation impacts. These investments should represent or eventually result in the avoidance, abatement, or removal of GHG emissions. For the purposes of BASCS:
Climate solutions can include avoidance, abatement, and removals.
Climate solutions funding can include carbon credit purchases and non-credit investments, for example in new technologies, philanthropy, impact capital, and other external-facing investments.
BASCS realizes that leadership starts at home, and all BASCS members demonstrate the importance of the mitigation hierarchy via alignment with a science-based target and/or ambitious internal reductions in line with a 1.5°C future. BASCS focuses on investments made both inside and outside of a BASCS member’s value chain that are supplementary to ambitious company emission reductions to achieve critical, time-sensitive global climate priorities.
Business investment in climate solutions is evolving rapidly and opinions and approaches to it differ. To grow and improve this community of practice, BASCS seeks to offer a platform to showcase and discuss these differences to facilitate the discovery and proliferation of best practices. BASCS does not promote one climate solution over another, and it is up to members to prioritize climate solutions for themselves, in alignment with BASCS’s Member Principles.
No. BASCS is a new initiative, but there is no associated new commitment or pledge.
BASCS was founded by a group of companies (members) and NGO/IGOs (partners) that came together in 2020 to create a space to improve and scale business investment in climate solutions to the level necessary to achieve a just and sustainable 1.5°C future
Rapidly improving and scaling business investment in climate solutions both inside and outside the company’s value chain is critical to combatting climate change.
More investment is urgently needed—especially in the next decade—to transition to a low-carbon economy. The IPCC estimates that achieving a low-carbon transition will require US$1.6-$3.8 trillion annually between 2016 and 2050 for the supply-side energy system alone.
Alongside ambitious emissions reductions from their own carbon footprints, funding from businesses—including carbon credit purchases, philanthropy, and impact capital—will be catalytic in scaling the climate solutions necessary to achieve a just and sustainable 1.5°C future.
The impact in play is enormous. For example, natural climate solutions have the potential for capital flows greater than $100 billion annually with opportunity across the world, especially in the Global South.
Many organizations and initiatives are already working with funding from businesses to deploy climate solutions. BASCS offers an opportunity to help connect and support these initiatives and the surrounding community of practice by providing a central, neutral platform for businesses and experts to meet, learn, discuss, and act together to improve and scale business investments in climate solutions
BASCS seeks to serve and engage all organizations working to scale and improve climate solutions opportunities for business investment, including corporates, NGOs/IGOs, and investors from all sectors, industries, and geographies.
BASCS is currently carrying out its 2021 work plan and will finalize governance arrangements by Fall 2021. Founding Members (companies) and Partners (NGOs/IGOs) will serve as the inaugural Advisory Council for the BASCS. The Advisory Council is in the process of establishing membership criteria, inclusive of governance and fee structures to best meet the group’s objectives.
We welcome questions and expressions of interest from entities in any sector—NGO/IGO, private sector, academic, etc. Please signal your interest via this contact form if you would like to learn more as the group develops.
No, BASCS does not intend to collectively fundraise or create a joint investment pool. The group enables peers, practitioners and experts to meet, learn, discuss, and act together, focused on connecting participants to potential collaborators and resources. The BASCS will not provide funding, endorse particular programs, or invest directly as a collective.
Non-profit, NGO, or IGO participants in BASCS contribute to advancing the mission of BASCS by providing expertise, guidance, resources, and insight. Where permitted by their organizational structure, they will also have additional rights and responsibilities following the future governance structure of BASCS.
BSR is serving as Secretariat for the BASCS. BSR’s experience designing and running dozens of business-to-business and multi-stakeholder collaborations and deep experience on business action to address climate will enable and support participants in achieving the crucial goals of this initiative.
BASCS enables peers, practitioners and experts to meet, learn, discuss, and act together, focused on connecting participants to potential collaborators and resources.