O Business and Industry Day, held on the fifth day of COP25, brought together business leaders to discuss how businesses can contribute to combating the climate crisis. Led by the International Chamber of Commerce, the event addressed ways in which companies can drive climate action in the sector and contribute to the fulfillment of the Nationally Determined Contribution (NDC).
O High-Level Climate Action Champion Chile’s Gonzalo Muñoz highlighted the need for companies to get involved in solving humanity’s problems. “Companies have identified the two main problems we need to solve: inequality and climate change. It’s a crisis of empathy. We, the world’s leaders, are not the ones suffering from the problems of climate change,” he reinforced.
DSM NV’s vice president of sustainability, Jeff Turner, made the case for business impact management. “If you’re not taking full social and environmental responsibility in your company, you should stop,” he stressed.
Regarding ambitions to reduce GHG emissions, Margaret Mountford, WRI’s Vice President for Climate and Economics, called for greater engagement from companies with governments to increase NDCs. “Engage, involve your governments to intensify your ambitions.”
