How to” walk the talk” and follow through on your corporation’s climate commitments
While climate targets and net-zero planning are gaining momentum globally, many of the world’s largest companies are failing to take significant enough steps to meet their pledges to reduce the impact of their greenhouse gas emissions in the decades ahead. Many companies present vague information on the scale and potential impact of their emissions reduction measures or overstate their use of renewable energy. It can also be very challenging to track emissions across supply chains indeed.
The COVID-19 pandemic provides an unprecedented opportunity to stress-test our ability to cooperate, learn more and adapt in the face of deep uncertainties and rising risks. Risk-informed business models are key, this is why the Environmental, Social and Governance (ESG) approach, now is already so prevalent in the business world.
Since the whole world decides that everything has to be digital, renewable and green, this creates tensions in the supply chain and generates inflation. Natural gas prices for example have skyrocketed, rising to levels that have been as much as six times higher than a year ago.
The unpredictable energy outlook has left many corporate leaders wondering how to shield their businesses from price rises and power outages in order to navigate their decarbonization pathway. Cumulative investment is also needed to fulfil the key energy-related components of the UN SDGs.
Sector coupling might be the right way through: how energy-consuming sectors can be linked to energy-producing sectors to make the most of all available renewable power. Sector coupling projects stand at the intersection of different value chains, where different methodologies might apply.
Governments worldwide are now spending vast sums of money on the economic recovery which will significantly influence states’ ability to deliver a green and resilient recovery. For the resources to be spent most effectively, the workforce would have to gain new skills.
The Center for Sustainability and Excellence (CSE) innovates in sustainability training and consulting for more than 16 years offering the most affordable specialized certified online courses through the globally awarded Sustainability Academy. Fortune 500 companies trust Sustainability Academy courses to educate their staff and reach communities with targeted sustainability interests such as supply chain, NGOs and startups.
More than 8,000 executives from leading organizations including Google, NASA, Coca-Cola, Timberland, the Federal Reserve Bank of New York, L’Oréal, ExxonMobil, Hartford, T–Mobile, Procter & Gamble, and Macy’s have been certified in the field of Sustainability ESG by the Center for Sustainability and Excellence (CSE).
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