Business Leaders Sign Tokyo Declaration to Tackle Global Warming and Enact Industry-Wide...

Business Leaders Sign Tokyo Declaration to Tackle Global Warming and Enact Industry-Wide Change

WASHINGTON--(Business Wire)--
A business group including leading companies such as HP, Sony,
Nokia and Nike today released the Tokyo Declaration, a joint call to
tackle the urgent issue of climate change. Signing the declaration at
the Climate Savers Summit 2008 held by WWF and Sony in Tokyo, a dozen
business leaders highlighted that the world's greenhouse gas emissions
must be reduced by more than 50 percent by 2050. They added that
emissions must peak and start to decline within the next 10 to 15
years in order to keep global warming below the dangerous threshold of
2 degrees Celsius.

Presented by Sony Chairman and CEO Sir Howard Stringer on the eve
of the 3rd anniversary of the Kyoto Protocol's entry into force, the
Tokyo Declaration is the most far reaching call for action on climate
change from the global business community.

"At Sony, we believe that it is impossible for a business to
flourish in a degraded environment. For this reason we are committed
to using our technological ability and know-how to reduce our impact
on the planet, and to help our customers reduce their impact at home,"
said Sir Howard Stringer. "We have always recognized that we have an
obligation to act responsibly in all of our business activities to
help minimize our environmental impact, and at the same time utilize
our unique talents to help solve environmental problems together with
our peers and our partners."

Many signatories of the Tokyo Declaration and other WWF Climate
Saver companies have already exceeded the ambitious emission reduction
targets they set themselves upon joining the Climate Savers Program.
In the declaration they go beyond this with a pledge to reach out to
their business partners and urge them to undertake effective steps to
reduce climate pollution. The companies also pledge to promote and
enable a low-carbon lifestyle among their customers and consumers.

"These companies should be applauded for taking leadership on the
issue of climate change and setting a strong example for others to
follow," said Richard Moss, VP and Managing Director, Climate Change.
"They are tackling the issue head-on and using their global presence
to talk to other companies, governments, consumers and customers."

With the Tokyo Declaration, Climate Saver companies intend to
emphasize the imperatives and benefits of early, voluntary and
innovative action on climate change. The signatories are Allianz,
Catalyst, Collins, HP, Nike, Nokia, Novo Nordisk, Sagawa, Sony,
Spitsbergen Travel, Tetra-Pak and Xanterra.

Notes to editors:

1) This press release and additional materials can be found online
at http://www.worldwildlife.org

2) More information about the signatory companies can be found on
their individual websites: Allianz (www.allianz.com), Catalyst
(www.catalystpaper.com), Collins (www.collinswood.com), HP
(www.hp.com), Nike (www.nike.com), Nokia (www.nokia.com), Novo Nordisk
(www.novonordisk.com), Sagawa (www.sagawa-exp.co.jp), Sony
(www.sony.net), Spitsbergen Travel (www.spitsbergentravel.no),
Tetra-Pak (www.tetrapak.com), Xanterra (www.xanterra.com).

3) Climate Savers is a business initiative organized by WWF to
mobilize companies to cut carbon dioxide (CO2) emissions. WWF has
dubbed Climate Savers "innovative solutions for a living planet". The
cutting-edge partnerships with these businesses provide attractive
solutions to climate change, as targets agreed with WWF must be
demonstrably more ambitious than previously planned or communicated by
the company, placing the companies at the forefront of emission
reductions in their particular sectors. A Climate Savers agreement
involves negotiations between WWF, the company concerned and
independent technical experts who later monitor and verify compliance
with the agreement. As part of its Climate Savers Program, WWF has
agreements with some major brands and corporations from around the
world. All of them have pledged to reduce their global warming
emissions considerably.

World Wildlife Fund (WWF)
Lee Poston, 202-299-6442
lee.poston@wwfus.org

Copyright Business Wire 2008