Whether you’re an athlete trying to outperform your rivals on the stadium or a tech giant trying to develop the latest mobile phones and dominate the market, competition and going alone can drive innovation and success. I can do it.
But when it comes to the environment and climate change, things are different.
As COP26 approaches, there is a daily need for a common goal: an approach focused on keeping emissions low and planning to address the challenges facing the planet over the next few years to decades. Is increasing.
There are always exceptions and it’s very difficult to get people to find something in common, but this focus on collaboration is beginning to span politics, civil society, and business.
Thierry de la Porte is the CEO of Wipro, Itself is described as an “information technology, consulting, business process service” company.
In a recent debate moderated by CNBC’s Steve Sedgwick, Delaporte emphasized the need for various parties to work together. “In reality, no company can deal with the climate crisis on its own,” he said.
“To really make a big impact and actually drive … we need to standardize to get real results to net zero. [a] A net-zero approach to ensure that progress is made efficiently and effectively, “he continued.
De Laporte also talked about the need for a good relationship between government and businesses.
“For businesses of all sizes, it must also be virtually easy for every sector in the world to move towards achieving a net-zero future,” he said.
“… Connections with other companies, ecosystems, communication and cooperation with the governments of each country are absolutely essential for us… to drive substantive results.”
In the discussion, Adea Turner, chairman of the Energy Transition Commission, emphasized the importance of government-business relationships.
“There is this endless iterative process between the government setting the framework, for example carbon prices, and the regulations that make it clear that the private sector must respond,” he says. I did.
Turner further embodied his argument, explaining what the private sector would do: reduce costs and innovate, at least to achieve costs within those goals.
“This is a never-ending process, but it must involve both strong government action and strong action by the private sector, including private sector finance such as asset managers and banks.”
One example of climate-related collaboration is the Science Based Targets Initiative (SBTi), a partnership between the World Wildlife Fund, the World Resources Institute, CDP (formerly Carbon Disclosure Project) and the United Nations Global Compact.
Sanda Ojiambo, CEO and Managing Director of the latter, explained to CNBC how SBTi leverages the strengths of the four organizations.
“We are setting emission reduction targets in line with SBTi’s latest climate science,” she said.
Earlier this year, SBTi released a progress report for 2020. This focused, among other things, on emission reductions from 338 companies that said they “approved science-based goals.”
“In our analysis, 338 companies reduced their annual emissions by 25% between 2015 and 2019, a difference of 302 million tonnes, to the annual emissions of 78 coal-fired power plants. That’s right, “the report said.
Sending messages and communicating progress is an important tool for Ojiambo.
“It’s really important to show that progress has been made with science-based goals,” she said.
“For us, having standards is important, not only to increase ambition, but also to ensure that behavior is science-based and to be able to track and measure its progress.”
“No company can handle the climate crisis alone”: Wipro CEO
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