{"id":6464,"date":"2022-12-15T17:33:09","date_gmt":"2022-12-15T08:33:09","guid":{"rendered":"https:\/\/codo.jp\/?p=6464"},"modified":"2023-04-03T10:07:20","modified_gmt":"2023-04-03T01:07:20","slug":"webinar-recap-are-japanese-companies-ready-for-the-low-carbon-transition","status":"publish","type":"post","link":"https:\/\/codo.jp\/en\/webinar-recap-are-japanese-companies-ready-for-the-low-carbon-transition\/","title":{"rendered":"Webinar recap: “Are Japanese companies ready for the low-carbon transition?”"},"content":{"rendered":"\n
\n

The World Benchmarking Alliance<\/a>, Caux Round Table Japan<\/a> and Codo Advisory<\/a> organized on 13th December a webinar gathering a panel of 9 experts from leading international organizations and companies at the forefront of climate action in Asia. Just one month after the conclusion of COP27, talks focused on the place of Japan in international climate benchmarks.<\/em><\/strong><\/p>\n<\/blockquote>\n\n\n\n

\"\"<\/figure>\n\n\n\n

In the first session, the World Benchmarking Alliance, Caux Round Table Japan, CDP, InfluenceMap and Codo Advisory shared their views on how to assess companies’ readiness for science-based low-carbon transitions, and how Japanese firms are performing in global benchmarks and rankings.<\/p>\n\n\n\n

In the second session, three Asian companies – ANA from Japan, Petronas from Malaysia and CLP from Hong-Kong – introduced their climate plans, and their engagement with international standards and frameworks such as TCFD, CDP, SBT and WBA’s climate benchmarks. An Asian investor, Polymer Capital Management, introduced its views on the matter as well.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Key learnings from the event<\/h4>\n\n\n\n

International frameworks for scoring, certification and benchmarking, such as the climate benchmarks of the World Benchmarking Alliance based on the ACT assessment methodology<\/a>, are giving clues to companies about what they could and should improve. These signals are precious. The companies that will be successful in a low-carbon economy tomorrow are the ones who, today, can listen to these signals and adjust their trajectory accordingly.<\/p>\n\n\n\n

A lot of companies in Japan and in the world have already set long-term decarbonization goals, such as \u201ccarbon neutrality in 2050\u201d. But this is not enough. Recently, there have been more and more calls for concrete transition plans. Companies are now expected to demonstrate how they will move towards that goal. Do they have set credible short-term and mid-term goals? Are they engaging their suppliers and clients? Are they aligning their internal governance with their climate targets? Is the R&D budget rightfully allocated to the low-carbon transformation of the business?<\/p>\n\n\n\n

Scrutiny from NGOs and investors will keep growing. Japanese firms can anticipate, and take back a leading position that Japan had 25 years ago, when the Kyoto Protocol was adopted under its leadership. There is still hope, but time is running out as emissions must be cut by 50% before 2030, to be on track towards carbon neutrality in 2050. A strong acceleration, supported by transition plans and broader awareness within companies, is needed.<\/p>\n\n\n\n

Download presentation materials<\/h3>\n\n\n\n
\n
\n
\"\"<\/figure>\n<\/div>\n\n\n\n
\n
\n
\n

Romain Poivet <\/h4>\n\n\n\n