Bridging the Gap: Transforming Corporate Net-Zero Commitments into Tangible Actions

The latest stocktake of global corporate net-zero objectives reveals a concerning trend – while over one-third of the world’s largest publicly traded companies have committed to some form of net-zero target, a staggering 65% are failing to meet even the most basic reporting protocols.

This glaring gap between intention and action poses a significant threat to our collective goal of achieving a climate-safe future. Bridging this gap demands a step away from the status quo of “business as usual” thinking, which drives the twin crises of climate change and biodiversity loss that we currently face.

Recently, Professor Donald Lessard from the Massachusetts Institute of Technology (MIT) popped over to TM R&D to give an open and fresh take on what he terms as “critical sustainability imperatives”. We delved deep into the urgent need for radical changes in business models, technology and policy, recognising that addressing these challenges demands a multifaceted approach from corporate players to government law makers.

In our pursuit of decarbonisation, we must ensure that our transformational efforts strike a balance between corporate profitability and sustainability goals. Our transformation plans should demonstrate how we’ve weighed factors such as local environmental impact, risk and reward analysis, and government policies to incentivise and support our initiatives.

𝑇ℎ𝑒 𝐵𝑖𝐺 𝐼𝑑𝑒𝑎 𝐿𝑒𝑐𝑡𝑢𝑟𝑒 𝑆𝑒𝑟𝑖𝑒𝑠 𝑏𝑦 𝑇𝑀 𝑅&𝐷 𝑖𝑠 𝑑𝑒𝑑𝑖𝑐𝑎𝑡𝑒𝑑 𝑡𝑜 𝑓𝑎𝑐𝑖𝑙𝑖𝑡𝑎𝑡𝑖𝑛𝑔 𝑐𝑜𝑛𝑣𝑒𝑟𝑠𝑎𝑡𝑖𝑜𝑛𝑠 𝑤𝑖𝑡ℎ 𝑣𝑖𝑠𝑖𝑜𝑛𝑎𝑟𝑦 𝑙𝑒𝑎𝑑𝑒𝑟𝑠 𝑜𝑛 𝑝𝑟𝑒𝑠𝑠𝑖𝑛𝑔 𝑡𝑜𝑝𝑖𝑐𝑠 𝑖𝑚𝑝𝑎𝑐𝑡𝑖𝑛𝑔 𝑏𝑢𝑠𝑖𝑛𝑒𝑠𝑠𝑒𝑠 𝑖𝑛 𝑀𝑎𝑙𝑎𝑦𝑠𝑖𝑎. 𝑆𝑡𝑎𝑦 𝑡𝑢𝑛𝑒𝑑 𝑓𝑜𝑟 𝑚𝑜𝑟𝑒 𝑒𝑛𝑔𝑎𝑔𝑖𝑛𝑔 𝑑𝑖𝑠𝑐𝑢𝑠𝑠𝑖𝑜𝑛𝑠 𝑡ℎ𝑎𝑡 𝑐ℎ𝑎𝑙𝑙𝑒𝑛𝑔𝑒 𝑐𝑜𝑛𝑣𝑒𝑛𝑡𝑖𝑜𝑛𝑎𝑙 𝑡ℎ𝑖𝑛𝑘𝑖𝑛𝑔 𝑎𝑛𝑑 𝑖𝑛𝑠𝑝𝑖𝑟𝑒 𝑡𝑟𝑎𝑛𝑠𝑓𝑜𝑟𝑚𝑎𝑡𝑖𝑣𝑒 𝑎𝑐𝑡𝑖𝑜𝑛.

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