{{item.videoDuration}}
{{item.title}}
{{item.text}}
{{item.videoDuration}}
{{item.title}}
{{item.text}}
Duration: 00:01:26
Code red to go green
Currently the world is far below the required 12.9% per year decarbonisation rate to reach the 1.5 °C Paris Agreement goal. Global decarbonisation must accelerate to five times its current rate of just 2.5% in 2020. This requires a net zero transformation.
Download the report
Current state of play in Asia Pacific
Asia Pacific‘s vast population, economies and communities are extremely vulnerable to climate change. In 2020 decarbonisation in the Asia Pacific region was 0.9%. To achieve the 1.5°C target and reach net zero, Asia Pacific needs to urgently accelerate its decarbonisation. The challenge is to shift away from fossil fuel derived energy towards low carbon and renewable energy sources while equitably enabling regional economic growth.
Download the reportGovernment and Business must collaborate
Fewer than 25% of Asia Pacific governments have a firm net zero commitment. Targets, policy and regulation are crucial levers to make progress on climate change at the pace and scale needed to meet the Paris Agreement goal. Business must partner with Government to drive fundamental change - COP26 has highlighted this.
Download the reportOrganisations are rising to the challenge. Our case studies highlight examples of businesses setting the tone from the top and delivering transformative change as they transition to net zero.
Reimagining business for net zero
The time is now. Businesses have a responsibility to accelerate transformation to net zero.
Every business and every market is different. There is no one-size-fits-all solution. Businesses must reassess their strategy. A journey to net zero should begin with a fresh look at purpose, performance and people.
Ambition for action
When it comes to the impact a business has on the climate, change must start at the top.
Leaders need to take transparent and vocal ownership of their organisation’s commitment to net zero.
A comprehensive ‘green’ transformation
Move first. Move fast. Move comprehensively. There is scope for business across Asia Pacific to proactively lead the transition and adopt net zero targets.
High impact areas to focus on include:
Operating model
Rebalancing supply chains
Innovation
Talent
Leveraging emerging sources of capital
Investment is essential. Financing (and delivering) the shift to net zero needs innovative and sustainable partnerships between all stakeholders with public and private investment at scale and speed.
Building trust through targeted reporting
Data and transparency are crucial. This should power a renewed governance and reporting model to align decision makers and build trust with all stakeholders
A golden opportunity for green growth
Businesses that can reimagine the possible and successfully transition to net zero will not only reap commercial rewards, they could also earn the right to work proactively with government to refocus and accelerate national agendas.
Sources:
bp, World Bank, OECD, UNFCCC, PwC data and analytics
Notes:
GDP is measured on a purchasing power parity (PPP) basis.
{{filterContent.facetedTitle}}
{{contentList.loadingText}}
{{contentList.loadingText}}
Lead authors
Director, Strategy &, Asia Asia Pacific Operations, PwC Singapore
ESG Leaders
Our regional ESG community is a rapidly growing practice with over 150 partners covering the full suite of Assurance, Advisory, Deals and Consulting across current and emerging domains including Climate/Net Zero, Sustainable Finance, Social Impact and Governance.
Amy Cai
Yuki Isogai
Partner, PricewaterhouseCoopers Sustainability LLC
Steven C. Kang
Asia Pacific Sustainability, Strategy & Transformation Partner, PwC Malaysia
+60 (3) 2173 0348
Alexander Cabrera
Partner, ESG Leader, PwC Philippines
Fang Eu-Lin
Eliza Li
Partner, ESG Leader, PwC Thailand
Bee Han Theng
Partner, ESG Leader, PwC Vietnam
Follow us
