Post by account_disabled on Feb 20, 2024 0:19:54 GMT -8
According to a new roadmap released last week by Ceres, companies need to think much more about the human impact of their business decisions, as those that do not act decisively on issues of equity and social justice at the same time will not They will live up to their goal. And corporate defense must be an integral part of the process. If 2020 has shown us anything, it is the interconnectedness of the challenges we face. Therefore, failure to address one issue will only exacerbate the risk of another. Kristen Lang, senior director of the Ceres Business Network. Aside from being a senior director of the Ceres Business Network, Lang is the lead author of the nonprofit's latest set of suggested strategic, operational, and policy change actions needed for the corporate world to meet its goals. warming and mitigation of the Paris Agreement. That plan, the Ceres 2030 Roadmap, is not intended to replace existing frameworks or initiatives, but rather to build on them and highlight high-level aspirations. It calls for a series of concrete measures that go beyond the usual scope of sustainability teams and calls on companies to do so. How? Commit to achieving net zero emissions by 2040. Achieve resource positivity in major commodities by 2030. Achieve water balance in high water stress basins.
Allow a fair and inclusive transition. Guide Tips The guide's suggestions can be organized into the following blocks: High-impact actions refer to a company's specific plans to address material issues across industries that minimize environmental and social harm, while maximizing the chances of achieving more positive outcomes with respect to climate change. Business integration measures that Europe Cell Phone Number List address how core business processes support those goals and incorporate consideration of sustainability into a holistic strategy. Systems change actions put businesses at the center to ensure industry regulations and frameworks are in place to accelerate and support corporate climate mitigation. This is where we're asking companies to really ramp up policy advocacy, to really redefine investor engagement, and to also bring multi-sector collaboration to scale. Kristen Lang, senior director of the Ceres Business Network. That advocacy includes a specific call to support gender parity within the workforce by the end of this decade, as well as a genuine attention to the “intersectional” diversity of the communities in which companies operate.
The reality is that each individual reflects diversity in several dimensions, including gender, race, ethnicity and socioeconomic status, Lang said. For that reason, business goals related to diversity, equity and inclusion should be closely aligned with the unique communities within which companies do business, rather than aiming for some generic statement. This applies to all business decisions, whether a company opens a facility, launches a product, hires a manager, locates a photovoltaic park, identifies specific solutions or addresses critical climate issues such as water scarcity, he added. Two recent examples of companies subscribing to this approach include General Mills , which in September announced its intention to halve its food waste as part of its commitment to more “climate resilient” agriculture; and JPMorgan Chase, which last week said it will include the goals of the Paris Agreement in decisions related to the type of projects it will fund.