Companies need to set clear plans to achieve net-zero emissions target: Panellists
SINGAPORE - Many firms have set for themselves the target of bringing their emissions of planet-warming gases down to net-zero at a certain point in time, but few actually have concrete plans on how to get there, Mr Sunny Verghese, group chief executive of agroforestry company Olam International, said on Tuesday (Sept 28). Speaking during a panel discussion on carbon markets during the Ecosperity Week sustainability conference convened by state investor Temasek, Mr Verghese said the focus of discussions among the business community has always been on why change is needed, and what targets and objectives can be set. "Almost every other day, there is a conference of some kind related to climate and the environment. But in none of these meetings is there a sufficient focus on how and what chief executives and businesses are struggling with in terms of a climate action playbook," he said. Over the past two years, there has been a surge in the number of companies making net-zero declarations as nations pursue a "green recovery" from the Covid-19 pandemic in a way that also deals with the threats posed by climate change. But the road to achieving these targets is plagued with obstacles, ...
