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Is 'netzero' much ado about nothing? The "way back when" in this case seems to be around 2014. The "way back when" in this case seems to be around 2014. Netzero is the near-universal goal of nations, states, provinces, cities, companies, universities and others. First, what is netzero?
Achieving a net-zero economy is a huge challenge, requiring change on a global scale that impacts the way we live, work and do business. Listen to the full episode to learn more about the importance of transparency, data and ambition as companies develop and act on their sustainability goals to reach net-zero.
Without insightful reporting, companies can’t gauge progress towards their sustainability goals like net-zero. As more companies make commitments to climate action plans the risk of greenwashing rises too. “Reporting is one of the most important aspects of ESG,” said FigBytes CEO and founder, Ted Dhillon.
The government is putting together a comprehensive investment plan (CIP) to fund its net-zero aim. For the power sector alone, state utility Perusahaan Listrik Negara has repeatedly stated a need for at least US$500 billion to reach its net-zero goal by 2060, far surpassing the state budget’s funding capacity.
Susanna Arus, EU Public Affairs Manager at Frank Bold , said the Corporate Sustainability Reporting Directive (CSRD) – which updates the 2014 Non-Financial Reporting Directive (NFRD) and comes into force on 1 January 2024 – could create a ‘two-speed Europe’. Greenwashing is over.
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