- link Copy URL - [ Share on X ](https://twitter.com/intent/tweet?text=Investors and Companies Urge States to Adopt Transportation and Climate Initiative, a ‘once-in-a-generation Opportunity’ https://www.3blmedia.com/markdownify/node/278791?absolute=1&via=3blnews "Share on X") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/278791?absolute=1 "Share on Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/278791?absolute=1 "Share on Facebook") - [ email Share via email ](mailto:?subject=Investors and Companies Urge States to Adopt Transportation and Climate Initiative, a ‘once-in-a-generation Opportunity’&body=ESG News from Ceres https://www.3blmedia.com/markdownify/node/278791?absolute=1 "Share via email") [Environment](/categories/environment) # Investors and Companies Urge States to Adopt Transportation and Climate Initiative, a ‘once-in-a-generation Opportunity’ Mar 12, 2020 4:25 PM ET Campaign: [State Policy](/news/campaign/state-policy) ![](https://3blcdn.com/styles/carousel_2x/s3/2026-08/TCIHERO_1786762271.png) March 12, 2020 /3BL Media/ - A diverse group of investors, companies, trade associations, institutions, and organizations across the Northeast and Mid-Atlantic are urging the region’s governors today to band together and create a clean transportation future that enables economic growth. [In a letter sent to the participating leaders](https://www.ceres.org/sites/default/files/2020%20TCI%20Employer%20Support%20Letter.pdf), more than 100 signatories — including **Akamai**, **DSM**, **Eversource Energy**, **Novartis** and **State Street**—called the [Transportation and Climate Initiative](https://www.transportationandclimate.org/) (TCI) a “once-in-a-generation opportunity to modernize and decarbonize our region’s transportation system” and emphasized how TCI will help to achieve several of their shared goals to: - Reduce greenhouse gas (GHG) emissions from transportation; - Invest in much-needed public transit, alternative transportation and road infrastructure; - Alleviate traffic congestion; - Make the region more economically competitive; and - Generate a revenue stream to fund these and future transportation improvements. “Legislation like the Transportation and Climate Initiative is a critical piece in achieving the scale and rate of change needed to avoid the most serious impacts of climate change,“ said **James Goudreau, head of climate at Novartis**. “Novartis recognizes its responsibility to achieve impactful change and collaborate with others to accelerate changes beyond our sector. In building trust with society we aim to: hold ourselves to the highest ethical standards, tackle complex global health challenges and be a responsible corporate citizen. This legislation supports our environmental sustainability strategy including our aspiration to become carbon neutral in our own operations by 2025, reduce our overall carbon footprint including supply chain by 50% by 2030, and to become plastic and water neutral by 2030.” “With multiple facilities throughout the region and a commitment to emission reductions, Akamai supports the Transportation and Climate Initiative as an essential tool in modernizing our transportation system and reducing pollution,” said **Mike Mattera, director of corporate sustainability at Akamai**. “Our employees and customers see the impact of congestion on our roadways, limited public transit options and a need for more electric vehicle infrastructure. TCI is a bold proposal to tackle these challenges.” This call comes as the 12 jurisdictions that are collaborating through TCI work to finalize a Memorandum of Understanding (MOU) outlining a market-based policy to create a clean, equitable and efficient transportation system for the region. The final MOU is expected in spring 2020. All of the letters to each of the participating state leaders can be viewed [here](https://www.ceres.org/TCI). **About Ceres** Ceres is a sustainability nonprofit organization working with the most influential investors and companies to build leadership and drive solutions throughout the economy. For more information, visit www.ceres.org and follow @CeresNews. ### Additional Media #### Images [ ![](/sites/default/files/styles/carousel_thumbnail_x2/public/images/TCIHERO.png?h=778ca281) ](/sites/default/files/images/TCIHERO.png) [![Ceres logo](/sites/default/files/2024-07/ceres_logo_3bl_2700px.png)](/profiles/ceres) ### More from Ceres ###### [Celebrate Boston Innovation and Impact With Ceres](/news/celebrate-boston-innovation-and-impact-ceres) Jul 15, 2025 9:00 AM ET ###### [Updated U.S. Climate Pledge Is Achievable With Stable Policy, Ceres Says](/news/updated-us-climate-pledge-achievable-stable-policy-ceres-says) Dec 19, 2024 5:15 AM ET ###### [SEC Loses a Key Advocate for Investor Rights and Corporate Transparency](/news/sec-loses-key-advocate-investor-rights-and-corporate-transparency) Dec 18, 2024 4:15 PM ET ###### [Ohio Lawmakers Must Consider Efficiency Programs in 2025 To Bring Savings, Reliability to Ohio](/news/ohio-lawmakers-must-consider-efficiency-programs-2025-bring-savings-reliability-ohio) Dec 18, 2024 1:30 PM ET ###### [Advanced Clean Cars II Approval Provides Market Certainty As Businesses Plan Fleets](/news/advanced-clean-cars-ii-approval-provides-market-certainty-businesses-plan-fleets) Dec 18, 2024 12:10 PM ET ###### [New Scorecard Demonstrates Federal Financial Regulators’ Progress in Addressing Climate Risk](/news/new-scorecard-demonstrates-federal-financial-regulators-progress-addressing-climate-risk) Dec 10, 2024 8:00 AM ET ###### [New Guidance to Help Investors and Corporate Directors Engage Effectively on Climate Governance](/news/new-analysis-from-ceres-shows-top-north-american-investors) Dec 9, 2024 12:35 PM ET ###### [Major Businesses Take to Capitol Hill in Support of Federal Clean Energy Incentives](/news/major-businesses-take-capitol-hill-support-federal-clean-energy-incentives) Dec 4, 2024 9:10 AM ET