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GOING GREEN – Gaining Traction On A Global Pace


Going Green
An Uncharted Road to a Sustainable Future.

THE TASK WE MUST UNDERTAKE

The quest to achieve net-zero carbon emission by 2050 is topmost on the minds of industry experts, world leaders and industry captains globally. While adoption of technology, strategy rejig and operational overhaul seem to be some of the far-reaching decisions and actions being adopted, a key question that comes to fore is “Can this be achieved in all industrial sectors and markets?” With the upcoming 2021 United Nations Climate Change Conference in Glasglow Scotland, it is most urgent for all stakeholders to begin action on ‘Going Green’ towards the recovery and restoration of the planet, with no part of the world being left behind. As quoted by the British Prime Minister- Mr. Boris Johnson “Securing a brighter future for our children and future generations requires countries to take urgent action at home and abroad to turn the tide on climate change.”

We will spotlight 2 non-governmental initiatives that are championing the drive to “Net Zero” globally .


1. Mission Possible Partnership (MPP): As quoted on their website, “The Mission Possible Partnership is an alliance of climate leaders focused on supercharging decarbonization across the entire value chain of the world’s highest-emitting industries in the next 10 years.” Having some of their coalition members as World Economic Forum, Energy Transition Commission, MPP is targeting some of the most resistant-to-change industries. These include aviation, cement, heavy duty transport sectors, to name a few. MPP seeks to collaborate with these industries to create net-zero pathways by leveraging the best of its resources to achieve industrial transformations which could include talent re-skilling, adoption of greener technologies and repurposing or phasing out high carbon emission assets. While the scope of coverage seems large, MPP believes it is achievable and this would require radical collaboration of all key stakeholders, communities, supply chains partners, financiers and governments.


2. Race To Zero The Race to Zero initiative spans across 733 cities and 31 regions globally with an aim to rally leadership and support for a healthy, resilient, zero carbon recovery to stave away the devastating effects of carbon emissions on life, environment, while unlocking the potentials derivable from sustainable growth. Key partners of the initiative include industry leaders in finance, education and other ‘real economy’ actors that currently contribute to over 25% of the global carbon emission. Their objective is to build momentum around the shift to a decarbonized economy ahead of COP26, the 2021 United Nations Climate Change Conference.


ImpactVest contributes towards creating clear pathways towards carbon neutrality in year 2050 by driving investment and capacity building on ESG financing in Emerging Markets. We are a supporter of the Task Force on Climate-related Financial Disclosures (TCFD). Our contributions can be viewed here. Through her proprietary metrics-based dashboard, ImpactVest Metrics seeks to support businesses in driving their sustainability performance. ImpactVest Connect provides a bridge in impact financing for businesses in the emerging markets and accredited investors.


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