The chief investment officer for AIA says there is "no U-turn" among corporates invested for the long term, even as political regimes change. Meanwhile, China officials say the world's biggest polluter will be "consistent" in its climate action.
The draft of its new Corporate Net-Zero Standard proposed the separation of Scope 1 and 2 reporting and expects companies to commit to using cleaner energy by 2040. It also addressed the use of carbon credits to address residual emissions.
APP is Indonesia's first major resources firm to get its climate goals approved by the Science Based Targets initiative, although the targets do not yet include its biggest source of emissions. Rival RGE has also restated its climate commitments despite political signals of the country's retreat from the Paris Agreement.
For companies, the challenge is not choosing between idealism and abandonment but forging a pragmatic path that balances resilience, local adaptation, and long-term business priorities.
Oleh
Georg Kell, Martin Reeves, Helena Carmody Fox
To achieve net zero emissions in Southeast Asia, addressing the significant financing gap is crucial, requiring bold targets and more international support.
Oleh
Trang Nguyen
In a new series 'On the frontlines' that spotlights the challenges facing corporate changemakers, the sustainability chief for the Indian conglomerate argues that while language around ESG has become muddled, this should not prevent climate action.
Studio EB
CapitaLand sustainability chiefs Vinamra Srivastava and Giovanni Cossu tell the Eco-Business Podcast that there is a viable path to net zero for the world's fastest growing cities.
The climate non-profit's head Sherry Madera insists there are just 450 questions, not over 5,500 as some industry players have cited, in its new questionnaire, which has faced pushback for failing to ease disclosure burden as intended.
The Singapore scientist, recently elected to the UN's top climate body, tells the Eco-Business Podcast about the precarious state of climate adaptation in developing Asia. The region is not well-prepared to manage the cascading risks of extreme climate events, he says.