Amid all the geopolitical, economic, social and market news, it is easy to overlook the significance of climate change. However, while the immediate impacts won’t be obvious, it will cause a transformation of the entire energy system over the next three or four decades. This sends a clear message to private and public sector players alike that we must shift, at pace, to a low carbon and eventually zero carbon future.
The 2°C threshold is no longer an abstract theoretical construct. It is now a firm, global, political commitment that sets a finite carbon budget for the world. This new reality will have tangible consequences for companies in terms of which markets and sectors will grow, and which will shrink.Given this, Nedbank has conducted an in depth analysis of COP21 & the Paris Agreement with particular focus on its relevance to broader business strategy and how companies could position themselves to capture the inherent opportunities.
The analysis supports Nedbank’s strategy to positively contribute to socioeconomic and environmental issues through its core banking business.
For queries, comments or suggestions please contact Yonela Siko, Sustainability Communications Manager at YonelaSik@nedbank.co.za.
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