Financial institutions in Asia need to work closely with government and regulators to establish policies, standards, and incentives to achieve net-zero goals. McKinsey talked to Ahmad Siddik Badruddin, chief risk officer at Bank Mandiri, about the role that banks can play in aiding Asia’s sustainability transition. They also discussed the challenges around regulatory risk and […]
Why policy enablement is critical in Asia’s quest for net zero – EQ Mag
How do governments across the region ensure that local industries are part of the solution? McKinsey chatted to Joan Larrea (CEO of Convergence Blended Finance), John Murton (UK government’s COP26 envoy), and Dominic Waughray (senior advisor to the CEO, World Business Council for Sustainable Development) about the role of governments in facilitating the investment required […]
ZERO-EMISSION VEHICLE ADOPTION IS ACCELERATING, BUT STRONGER PUSH IS NEEDED TO STAY ON TRACK FOR NET ZERO – EQ Mag
Actions from policymakers, manufacturers and consumers are already having an impact, avoiding almost 1.7 million barrels of oil per day in 2022 Sharm El-Sheikh : Adoption of zero-emission vehicles accelerated in the past year across almost all markets and vehicle segments, according to the 2022 Zero-Emission Vehicles Factbook published by research company BloombergNEF (BNEF)at COP27 […]
CUMMINS INC. AND TATA MOTORS SIGN A MEMORANDUM OF UNDERSTANDING TO ACCELERATE INDIA’S JOURNEY TOWARDS ‘NET ZERO’ EMISSIONS WITH HYDROGEN POWERED COMMERCIAL VEHICLE SOLUTIONS – EQ Mag Pro
Cummins Inc., a global power solutions and hydrogen technologies provider, and Tata Motors, the largest commercial vehicle manufacturer in India, today signed a Memorandum of Understanding (MoU) to collaborate on the design and development of low and zero-emission propulsion technology solutions for commercial vehicles in India, including hydrogen-powered internal combustion engines, fuel cells, and battery […]
Six Businesses Launch Corporate Coalition for Innovation & Technology toward Net Zero – EQ Mag Pro
Corporate Coalition for Innovation & Technology toward Net Zero (CCITNZ) to partner with governments, international organizations and others in industry to help countries meet decarbonization and climate change goals. Founding members include Bechtel, GE, GM, Honeywell, Invenergy and Johnson Controls. Sharm El Sheikh, Egypt : A coalition of six global companies today announced the public […]
Keeping the semiconductor industry on the path to net zero – EQ Mag Pro
Growing demand for semiconductors means industry emissions are likely to increase. Semiconductor companies are making sustainability commitments, but more is needed to achieve net zero. For the past few years, semiconductor companies have focused on addressing the chip shortage and directed their energies into increasing supply. But another customer imperative, as well as the health […]
ReNew commits to net zero by 2040 and bolsters ESG targets – EQ Mag Pro
ReNew avoids over 11 million tons of carbon emissions in FY22, i.e. 0.5% of India’s total emissions Produces 14,263 GWh of clean energy in FY22, enough to power 4 million Indian households annually Saves over 216,000 kiloliters of water in FY22, enough to serve the daily water consumption of 1.6 million Indians Discloses its Scope […]
Getting to net-zero in Asia: No returns on a dead planet
Steve Howard, chief sustainability officer of Temasek, shares why stakeholders urgently need to go all in with a net-zero transition plan. McKinsey talked to Dr. Steve Howard, chief sustainability officer at Temasek. The conversation explored the ways in which investors can help corporates transition to green, and how investing in transitioning infrastructure can contribute to […]
Net Zero: Many India Inc majors could be net zero by 2050
From investing in improving operational sustainability through greater efficiencies and responsible sourcing of materials, to improving disclosure, India’s top companies are increasing their sustainability quotient, but much more effort is needed to reach the net-zero targets set for the country . Several Indian corporations have set internal decarbonization targets to become carbon neutral by 2050 […]
Doing good demands doing better: Delivering net-zero capital projects
A net-zero project management framework aligns project performance with current trends in asset valuation and energy transition goals. lthough the advice to “do well by doing good” (attributed to Benjamin Franklin) has influenced business leaders for generations, it is likely more relevant today than ever. In an effort to move toward net-zero greenhouse gas (GHG) emissions, […]
