AZERBAIJAN, NOVEMBER 15 – At COP29, experts stressed the urgent need for businesses to adopt Exponential Transition Plans (ETPs) and align with planetary boundaries to achieve net-zero targets. With six of nine planetary boundaries already breached, the speakers highlighted that exceeding 1.5°C global warming this century could undermine human life and economic stability as we know it.
The discussion revolved around redefining the operational space for businesses within planetary boundaries and exploring how companies can develop transformative strategies. Key focus areas included integrating effective transition plans, establishing clear key performance indicators (KPIs), and addressing profitability concerns during the transition to sustainable practices.
Key Speakers and Insights:
• Anders Levermann, Head of Complexity Science at PIK, emphasized the dire consequences of breaching planetary boundaries, urging businesses to act swiftly.
• Claire Wigg, Head of Climate Performance Practice at Exponential Roadmap Initiative, advocated for KPIs to track meaningful progress.
• Anna Hall, Head of Public Affairs, Energy Division at Alfa Laval, outlined the role of technological innovation in meeting sustainability goals.
• Giulio Berruti, Director of Climate at BSR, stressed collaboration as a key to scaling climate-positive initiatives across industries.
• Dr. Arunabha Ghosh, Founder and CEO of CEEW India, highlighted the need for global equity in transitioning to a net-zero economy.
The session underscored that while the transition may pose short-term challenges, it offers immense opportunities for innovation and resilience in the long term. Participants urged businesses to leverage science-based insights and foster collaboration to pave the way for a sustainable future.