Last Thursday I had the pleasure of being on the guest panel of PAI Partners’ #Sustainability Days. An opportunity for portfolio companies to exchange best practices and innovations on sustainability issues.
After a brief presentation of the challenges and benefits of a decarbonization trajectory through #SBTi, 40 minutes of discussion followed on feedback in the private equity industry.
A few key messages I was able to share:
1️⃣ Not only is the number of companies involved rapidly growing, but the quality of the applications is also improving.
2️⃣ Making #transparency a key competitive advantage to build credibility and trust with environmentally conscious third parties and attracts investors.
3️⃣ Addressing #scope3 emissions reveals the value chain's complexity, identifies hot spots, anticipates low-carbon transition risks and opportunities, and enhances business stability.
4️⃣ The #CSRD will require companies to provide detailed information on their decarbonization plant and the SBTi is providing a methodology to support this goal.
5️⃣ In Europe, regulations are pushing companies to adopt science-based targets and decarbonize. Expanded carbon pricing and carbon border taxes will financially motivate companies to lower their carbon footprints. Additionally, green bonds and sustainability-linked loans are increasing to support these efforts.
6️⃣ We're talking about #mitigation, but let's not forget the all-too-often neglected aspect of transition: #Adaptation. Alongside reducing emissions, increasing attention on enhancing climate resilience and adaptation is crucial to prepare for the impacts of climate change.
Finally, this initiative not only steers corporate strategies towards science-based decarbonization but also catalyzes a broader environmental transition essential for sustainable development.
Thank you once again Penelope Guarnay and team for inviting AXA Climate to this event!
The best bank of Netherland, where is my money? Give me my money back...I won't never trust you!