There are many ways that companies and organizations can work together to create a better global climate. By taking even a few of these steps, they can not only help the environment as a whole, but can also improve the world economy.
Focus on Supply Chain Emissions
Because Scope 3 emissions can be up to four times higher than operational emissions, it is natural for many organizations to reduce greenhouse gas emissions across the entire value chain. By involving suppliers in reducing emissions and improving efficiency, companies can make further strides towards innovation and become more cost-effective
Collaborate to Innovate
To combat climate change, it is sometimes necessary to partner with a global competitor to reduce greenhouse gas emissions. These partnerships can bring many benefits to the entire industry. PepsiCo joined the NaturALL Bottle Alliance in 2018, along with rival company Nestle Waters. In collaboration with Danone and Origin Materials, a bio-based development company, they have been able to accelerate the creation of packaging made from sustainable and renewable resources. PepsiCo and Nestlé joined forces again, this time in Thailand; for this project, they teamed up with Danimer Scientific and developed biodegradable film resins. The partnership did not end there, Nestlé and PepsiCo have also developed sustainable and renewable methods for growing and harvesting sugar cane.
Corporate Cooperation With the United Nations Sustainable Development Goals (SDGs)
UN SDGs are helping more leading organizations align their efforts for sustainable development. Among the 17 goals is the specific objective of climate action. Many of these goals are also harmonious, such as making cities and communities more sustainable and ensuring access to clean and affordable energy. SDG-focused United Nations organizations assess their core competencies and strive to align their efforts on sustainability and climate change in ways that transform and help build a stronger workforce, more resilient communities, and a sustainable economy.
Effect Action in Others
For climate action to be successful, stakeholders will need to unite and support efforts to go beyond current benchmarks. To do this, they will need to work more actively with policymakers. Recent research from C2ES underlines the importance of supporting a deep decarbonization policy. The actions of companies and organizations remain essential to achieving climate goals. Organizations willing to step up their efforts to build bipartisan support will also help strengthen the foundations for long-term global solutions.