Emerging Net Zero Best Practice (Jan 2024)
Frederic Hans
10 years: Senior Climate Policy Analyst
In this video, Frederic explores the rise of corporate net zero commitments and the importance of distinguishing credible strategies. He also discusses the convergence of voluntary standards, analyses good practices, and identifies areas for improvement. Additionally, he emphasises the urgent need for legally binding regulations to ensure transparent and effective climate action.
In this video, Frederic explores the rise of corporate net zero commitments and the importance of distinguishing credible strategies. He also discusses the convergence of voluntary standards, analyses good practices, and identifies areas for improvement. Additionally, he emphasises the urgent need for legally binding regulations to ensure transparent and effective climate action.
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Emerging Net Zero Best Practice (Jan 2024)
10 mins 11 secs
Key learning objectives:
Understand the critical role of transparency and integrity in corporate net zero commitments
Understand the significance of converging emerging voluntary standards, guidelines, and accountability frameworks in guiding corporations towards credible net zero strategies
Identify the key practices that distinguish credible net zero commitments
Understand the urgent need for legally-binding regulations to ensure mandatory and transparent climate action
Overview:
With the increase in corporate net zero target setting since 2020, distinguishing credible and effective commitments has become paramount. The convergence of emerging voluntary standards offers harmonised guidelines for meaningful corporate transition plans. However, there's a pressing need for further convergence on specific operational criteria and addressing gaps like fossil fuel financing and equitable target-setting. Analysing over 70 multinational companies revealed good practices and significant areas for improvement, notably in setting specific emission targets, focusing on critical periods towards 2030, and catalysing transformational change. There is a necessity for legally binding regulations, informed by voluntary standards and a joint effort to enhance the integrity of corporate climate strategies, thereby urging companies, investors, researchers, policymakers, and civil society to collaboratively advance ambitious and genuine climate action.
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Subscribe to watch
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Frederic Hans
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