BMW Foundation Herbert Quandt’s Post

Started the week with insights from Georg Kell, founder of United Nations Global Compact, at a breakfast seminar arranged by Kungl. Ingenjörsvetenskapsakademien, which provided us with three forecasts: 1.) Negative Carbon will be a currency of the future 2.) Clean water, good soil, and good food will become increasingly more valuable as scarcity manifests 3.) The ability to perform smart analysis will be equal to, if not superior to, human decision-making In addition, great emphasis was put on the need for nations to unite in sustainability efforts if progress is to be made in time. Recent global geopolitics have shown our ability to do so in security matters, whereas united capital and energy markets are yet to be seen.

Corporate climate action has stalled, it seems. Amid a lack of policies, shaky business cases and a confluence of global crises, moving from ambition to action is often difficult.   Against this backdrop, our latest publication with the World Economic Forum Alliance of CEO Climate Leaders, "Bold Measures to Close the Climate Action Gap", highlights five powerful actions corporates can take: 1. Accelerate supplier decarbonization. Likely well over 10% of global emissions are in the supply chains of the 1,000 largest companies globally. 2. Enable customers to make greener choices. Cutting the first 50% of many products’ emissions can be achieved with an end-price impact under 1%. 3. Drive change with peers in their industry, especially in supply chain ‘pinch points’: Ten players or less control more than 40% of many key markets. 4. Engage in cross-industry partnerships, especially large-scale buying groups. Mobilizing less than 10% of the 1,000 largest companies’ CAPEX and purchases could close the climate funding gap. 5. Advocate and support bolder policies. The advocacy of 95% of global companies is today either misaligned with the Paris goals or sending mixed signals.   Our publication also offers the top five actions that we believe governments can and should take—stay tuned for another post.   Thanks to Pim Valdre and Pedro G Gomez Pensado from WEF and my colleagues Rich Lesser, Dr. Patrick Herhold, Cornelius Pieper, Edmond Rhys Jones, Trine Filtenborg de Nully, Galaad Préau and Natalia Mrówczyńska for their contributions to this critical publication.   Read more here: https://lnkd.in/dE3bzjNQ    #NetZero #ClimateAction #WEF24

As leaders gather at this week's World Economic Forum (WEF) Annual Meeting, the spotlight is on the intersection of environmental risks and financial leadership. WEF’s 2024 Global Risks Report underscores that half of the decade's key risks are environmental, presenting both challenges and opportunities for corporate finance. The agenda, themed "A Long-Term Strategy for Climate, Nature and Energy," aims to chart a sustainable course to a carbon-neutral, nature-positive economy.   For #cfos , this means strategizing around green financing, climate-related financial disclosures, and investments in sustainable technologies. Sessions will explore achieving this vision while balancing economic growth, ensuring access to vital resources, and fostering social consensus. It's a call to action for CFOs to lead in the transition to sustainable business practices and reporting. Carmine Di Sibio, Julie Teigland, Julie Boland, Janet Truncale, Andy Baldwin, Hywel Ball Rajiv Memani, Nicola Morini Bianzino, Amy Brachio #WEF24 #BetterWorkingWorld https://lnkd.in/eyTWTQqW

Corporate climate action has stalled, it seems. Amid a lack of policies, shaky business cases and a confluence of global crises, moving from ambition to action is often difficult.   Against this backdrop, our latest publication with the World Economic Forum Alliance of CEO Climate Leaders, "Bold Measures to Close the Climate Action Gap", highlights five powerful actions corporates can take: 1. Accelerate supplier decarbonization. Likely well over 10% of global emissions are in the supply chains of the 1,000 largest companies globally. 2. Enable customers to make greener choices. Cutting the first 50% of many products’ emissions can be achieved with an end-price impact under 1%. 3. Drive change with peers in their industry, especially in supply chain ‘pinch points’: Ten players or less control more than 40% of many key markets. 4. Engage in cross-industry partnerships, especially large-scale buying groups. Mobilizing less than 10% of the 1,000 largest companies’ CAPEX and purchases could close the climate funding gap. 5. Advocate and support bolder policies. The advocacy of 95% of global companies is today either misaligned with the Paris goals or sending mixed signals.   Our publication also offers the top five actions that we believe governments can and should take—stay tuned for another post.   Thanks to Pim Valdre and Pedro G Gomez Pensado from WEF and my colleagues Rich Lesser, Jens Burchardt, Cornelius Pieper, Edmond Rhys Jones, Trine Filtenborg de Nully, Galaad Préau and Natalia Mrówczyńska for their contributions to this critical publication.   Read more here: https://lnkd.in/eTfmPYih    #NetZero #ClimateAction #WEF24

As climate alliances navigate challenges, can voluntary disclosure be the key strategy to gain trust among policymakers and the public? Harvard University Professor Peter Tufano sheds light on the benefits, priorities, and future of disclosure for climate alliances in the recent Harvard Business Review article “To Earn Trust, Climate Alliances Need to Improve Transparency." A few of the research-backed insights presented by Tufano and his co-authors: 🚩 There is no formal public registry of alliances, presenting a pressing need for greater transparency. While the EU and UK lead with clarified competition rules, fostering climate collaborations, the USA grapples with challenges. Politically charged antitrust allegations hinder collaborative efforts, slowing the vital decarbonization process. 🗂️ Disclosure isn't just a buzzword — it's crucial in addressing the climate crisis. Within alliances, members must trust each other, and climate alliances must earn the trust of external parties. 🔮 Here’s the ideal scenario as we look ahead: Standardized disclosure forms, easily accessible public websites, and a potential shift to mandatory disclosures. To dive deeper, read the full HBR article and join the conversation on #climateaction and business alliances: https://lnkd.in/e3gWm3fx. Add your comment below! 👇 Article by: Peter Tufano, Christopher Thomas, Knut Haanaes, Matteo Gasparini, Robert Eyres, and Chris Chapman HBS Business and Environment Initiative | The Salata Institute for Climate and Sustainability at Harvard University #climatechange #alliances #climatealliances #collaboration #disclosure #antitrust #decarbonization #academia #research

#WEF24 is happening this week in Davos, and corporate climate action will be a major focus. More than ever, this forum needs to be the catalyst for large-scale systemic change—beyond individual agendas. Businesses are still too often slowed down by obstacles such as high costs and interest rates, a lack of stable regulations, or perceived low willingness to pay. But our research found that cutting 50% of many products’ emissions can be achieved with an end-price increase of less than 1%. Leaders need to think bigger, act collectively, and reshape the industries they're part of. Our latest publication with the World Economic Forum Alliance of CEO Climate Leaders shows where they can have the biggest impact—engaging suppliers, enabling customers to make greener choices, partnering within and across industries, and advocating for bolder policies. Read more here: https://lnkd.in/gyB2k8JR #NetZero #ClimateAction

🌍"There is both a moral and an economic imperative for financial institutions and corporates to build on the progress made at COP28. Investing in resilience can only help our increasingly turbulent and interconnected world to transform in response to global shocks, while it also underpins business models and increases revenues providing sustainable development opportunities for countries and societies. Firms must act now if they want to adapt to - and thrive - an increasingly turbulent world," write Johan Rockström & Nathanial Matthews, PhD for BusinessGreen. 🔗https://lnkd.in/dbKbfK7q PIK - Potsdam Institute for Climate Impact Research

🌍 At the groundbreaking ClimaTech2024, Governor Maura Healey articulated a vision that captivated all present: "It's an incredible ecosystem, if we just give it a little bit of love, a little bit of nourishment... 12 to 1 return on investment is huge, and I think it's game-changing, not just for Massachusetts but for the planet." Her words echo the conference's collective ambition and Massachusetts' pivotal role in the global climate response. 🚀 Conference Insights: ▶ Strategic Investment: The support to invest $1 billion in climate technology underscores our drive towards significant innovation and economic growth. ▶Collaborative Framework: Emphasizing "Team Massachusetts", a united effort of public, private, and academic sectors, showcasing the state's collaborative spirit to solve global challenges. ▶Communication and Scale: The essential dialogue between scientists and policymakers and the challenges of technology transition at scale. ▶Support for Youth: Addressing climate anxiety among younger generations and fostering an environment that encourages proactive engagement in climate solutions. ▶Comprehensive Impact: Discussing the full economy impact on sectors like agriculture affected by rising temperatures globally, illustrating the interconnectedness of our climate strategies. Secretary Yvonne Hao added, "We’re really excited to get a bill passed before the end of the cycle, and this conference actually is a really great way to highlight so much of the great work done and also for us to tell the story of how we lead and to be the global hub for the industry, just like we are with life sciences.” As Massachusetts strides forward, fueled by innovative leadership and comprehensive strategies, we stand ready to tackle the world's most pressing climate issues, transforming global challenges into sustainable opportunities. Let's continue to push the boundaries and lead by example. Read more about Gov. Healey's remarks here: Healey on ClimaTech #ClimaTech2024 #Sustainability #Innovation #TeamMassachusetts #ClimateAction #SGI

🗣️ 'As the leader of a business coalition, I couldn’t agree more. Business bears significant responsibility for the world’s emissions, yet it also possesses numerous avenues for reducing and halting these emissions - be it through advancements in technology, investment strategies, or providing influential leadership to catalyze action among markets and policymakers.' Our CEO, María Mendiluce, delves into these perspectives in her latest article, 'New National Climate Plans Must Act As Economic Strategies,' featured in Forbes. 👉 Read more https://lnkd.in/ecg5r2uu #WMBC #ClimateAction #NDCs

Climate risks affect nearly every sector, making climate mainstreaming essential for global development programmes. While many new initiatives address these issues, the real challenge lies in retrofitting climate measures into ongoing economic activities. Join our Development2030 panel on October 24th as we explore how to balance climate action with economic goals, reconsider new decision-making tools, leverage AI and big data, and navigating the balance between top-down and locally led approaches to achieve effective and just climate solutions in international development. Register to attend Development2030 for free: https://rebrand.ly/4fuwi17 View full agenda: https://rebrand.ly/z1mw2tz Speakers include: John Carstensen, Climate Change Lead (ISMA), Mott MacDonald  Henrique Pacini, Economic Affairs Officer, UN Trade and Development (UNCTAD)  Shehnaaz Moosa, Director, SouthSouthNorth  Doogie Black, Chief Executive Officer, Climate Sense  Simon Lucas, Head of Profession for Infrastructure, Climate and Environment, Foreign, Commonwealth and Development Office #AidEx #Development2030 #humanitarianaid #disasterrelief #internationaldevelopment #UNSDGs