No solutions to climate change without businesses engaging themselves and taking action. That was something all parties could agree upon at 2015’s COP21 climate meeting in Paris.

At a Guardian Live event in London, a panel comprising IKEA’s sustainability chief Steve Howard, Green party MP Caroline Lucas, our own Head of Responsible Investment at Nordea Asset Management, Sasja Beslik, and leading climate change scientist Kevin Anderson from the Tyndall Centre for Climate Research discussed what companies can do to help reduce global emissions.

The commitments and ambitions at the debate were encouraging. IKEA, the world’s largest furniture retailer, pledged to use only renewable energy by 2020. The message was clear: Companies are willing to commit themselves, not just in words, but also in actions.

Companies are willing to commit themselves, not just in words, but also in actions

As a company with a firm belief in responsible investments we are of course happy with this development, and we want to be apart of the solution. But financial institutions cannot solve this alone, it needs to be in collaboration with companies and politicians who share our ambitions.