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‘Companies altogether can deal with climate crisis alone’: Business leaders talk about why co-operation is so important

‘Companies altogether can deal with climate crisis alone’: Business leaders talk about why co-operation is so important

‘Companies altogether can deal with climate crisis alone’: Business leaders talk about why co-operation is so important

Points:

Competition and going it alone can inspire creativity and success. Irrespective of whether it’s a sportsperson trying to outdo their opponent on the field or a technology company attempting to produce the latest cellphone, there are few changes. Here, things tend to be slightly different, especially when it comes to the environment and climate change.

As COP26 approaches, appeals for a collaborative approach centred on gaining a common goal that is, lowering emissions and developing plans to deal with the difficulties. These difficulties or challenges will confront in world in the coming years and decades, are increasing louder by the day.

There are always outliers, and getting individuals to agree on something is difficult. But the focus on collaboration is beginning to spread throughout politics, civil society, and industry. Wipro describing itself as a “information technology, consulting, and business process services” corporation, is led by Thierry Delaporte.

Recent focus by the Team:

Delaporte stressed the need of collaboration during a recent debate chaired by Steve Sedgwick. He stated, “In reality no single company can deal with the climate catastrophe alone.” “To really have a huge impact and to actually drive… meaningful results to net zero,” he continued, “we need to standardise [a] net zero strategy to ensure the progress is accomplished quickly and effectively.”

The Science Based Targets initiative, or SBTi, is a collaboration of the World Wide Fund for Nature, World Resources Institute, CDP (previously the Carbon Disclosure Project), and the United Nations Global Compact on climate change.

Delaporte also mentioned the importance of a positive partnership between governments and businesses. “It must be… considerably easier for all sized firms and in all sectors across the globe to move toward a net zero future,” he said.

“For us to drive… substantial outcomes, we need to interact with… other enterprises, the ecosystem, communication, and cooperation with administrations in the individual nations.”

How substantial will the difference be?

Between 2015 and 2019, the 338 enterprises in our study lowered their yearly emissions by 25%. A difference of 302 million tonnes, equal to the annual emissions of 78 coal-fired power plants. Getting the message out and publicizing progress is a critical tool for Ojiambo. “It’s been critical to show that progress has been made with science-based targets,” she said. “It’s vital for us to hold a standard, and it’s important to not only raise the bar, but also assuring that our actions are dependent on research, and that can be tracked and measured for success.”

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