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

The latest stocktake of global corporate net-zero objectives reveals a concerning trend –Β 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 β€œcritical 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.

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