Sharm El-Sheikh, Egypt: The Business Council for Sustainable Development Australia today released a report which provides a framework for business to drive the next phase of Australia’s climate recovery through greater collaboration with government.
Triple A+: The Business Role in Accelerating Australia’s Climate Recovery: Ambition, Action, Accountability, offers specific interventions for accelerating the global decarbonisation of business which can radically advance Australia’s newly raised climate change agenda over the next five years.
In this report, which was released at the COP27 UN Climate Change Conference, BCSD Australia has worked with leading consultancy Energetics to put forward proposals and policy ideas that seek to raise the ambition level, scale up action in systems transformation and most importantly, move beyond mere commitments and targets to create a holistic corporate climate accountability system that will show the progress business is making against its net zero targets, as well as crystallise the contribution of business in the delivery of Nationally Determined Contributions (NDCs).
The report builds on the World Business Council for Sustainable Development The Business of Climate Recovery: Accelerating, Accountability, Ambition and Action Report, which was launched at COP27 in Sharm El-Sheikh and provides a framework focused on delivery. In the BCSDA report, the ‘+’ refers to Australia and the quadruple dividend – environmental, societal, governance and economic benefits – that business, governments and civil society can secure if they accelerate and scale their decarbonisation effort.
Triple A+: The Business Role in Accelerating Australia’s Climate Recovery: Ambition, Action, Accountability, also demonstrates how business can support governments to implement policies and partnership, and demonstrates how business and the international community can work together to:
· Raise Ambition
· Deliver Action at speed and scale; and
· Sharpen Accountability
The report provides a sector-based approach to supporting greater ambition over the next 10 years, with an analysis of sectors including electricity, transport, agriculture, resources & mining, industrial, and the built environment.
"Collectively, these recommendations in this report will help business radically advance the international climate change agenda in the next five years. Specifically in this report we hope to offer a practical response to the COP27 President’s challenge for the climate agenda to move away from launching pledges and towards project implementation at scale, particularly as at COP28 (2023) there will be a Global Stocktake of Action to date,” said Andrew Petersen, CEO of BCSD Australia.
You can download the report here.
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About BCSD Australia
BSCD Australia is an Australian coalition of over 70 private and public organisations advocating for progress on sustainable development. Its mission is to be a catalyst for innovation and sustainable growth in a world where resources are increasingly limited. The Council provides a platform for companies to share experiences and best practices on sustainable development issues and advocate for their implementation, working with governments, non-governmental and intergovernmental organisations.
BCSD Australia’s members include leading Australian businesses, from all sectors, who share a commitment to economic, environmental, and social development, public sector enterprises institutions, business and industry non-government organisations and community organisations, which in turn represent more than 100,000 Australian employees.