Going Green: Data transparency to reach #NetZero
We hear about climate change every day. They are inevitable, they affect our lives and our future. They are the product of centuries of humans' aggressive imprint on nature and now we are the ones who are losing out. But we are also the only ones who can minimize them.
It is not only living beings that are affected by these changes. Companies, in fact, have a key role to play in this game: they will have to help improve their sustainability performance, as they will also be the economic victims of the most catastrophic events related to climate change.
Today, by law, companies must measure their performance, achievements and future goals by publicly analyzing their corporate sustainability steps, which must be in line with ESG (environmental, social and governance) criteria. Some companies will position themselves higher in the market than other competitors based on their ability to identify new environmentally friendly products and services.
Recently, the magnitude of the climate crisis has shifted the goal of partial emission reductions towards the complete decarbonisation of the economy. Therefore, instead of using fossil fuels more efficiently, we need to stop using them altogether. We need to switch to zero-carbon energy carriers, in particular through the electrification of end uses that were previously not served by electricity. At the same time, the costs of renewables and storage have fallen and are expected to continue to fall. Net zeroing requires an accelerated transition from fossil fuels to renewables.
To build a robust, reliable and cost-effective zero-emission energy system by the end of the century, efforts to research, develop, demonstrate and implement these candidate technologies must begin now.
It is now possible for organizations to set targets in line with the level of decarbonisation needed to limit global warming to 1.5 °C. These targets, however ambitious, are key to achieving net zero emissions by 2050 and should be the ultimate goal for all companies. On top of this, companies that incorporate carbon reduction into their strategies will not only reduce these risks, but also gain significant benefits: increased innovation, competitiveness, risk management and growth.
Organizations also have a responsibility to become part of the solution, and Trilleco is ready to accept the challenge.
The more companies share the efforts they are making through their external relations and communications, the more visible they will be to politicians, customers and employees. Leading by example can help give them the confidence to raise their climate ambitions and help drive the market change needed to stimulate competition and innovation. Making its efforts visible to the public will also help the company attract and retain new generations of talent. This transparent disclosure is essential to empower companies to make progress towards their net zero goals.
Trilleco offers a more multidimensional view of sustainability and manages financial, operational, technological, behavioral and cultural support to enable the transformative actions needed.
Climate change is one of the greatest challenges facing the world today. Its impact on the environment and human health significantly affects sustainable economic growth.