By Punit Renjen Global Managing Director, Deloitte
Growing up in India, I didn’t have to look too far to see how fashion life has a negative effect on the environment. For as long as I can remember, the Ganges, or “Mother Ganga,” as we call it, has regarded it as one of the most polluted rivers on the planet; the result of years of pollution, commercial waste and lax regulation. However, for millions of other people in India, it still serves as an essential source of drinking water, subsistence and irrigation for crops. it also served as a reminder that positive environmental substitution is still possible.
The closure in India aimed at curbing the spread of Covid-19 had an unforeseen ray of hope: the river cleared and there have been similar environmental “miracles” in other parts of the world since the onset of the pandemic, positive evidence that cleaner air, cleaner water and healthier ecosystems are not only possible, but most likely if we act now. Now it’s up to all of us: to make sure we never get back to the current situation. Anything other than at the time would be a missed opportunity and, frankly, a failure.
As a global community, we will have to work in combination to build a longer and more sustainable long term and make it our ‘new normal’. And corporations can and lead the way, in the component because by converting our behavior, we can have the fastest and highest significant impact.
Starting, of course, with our own operations. As the original signatory to the United Nations Global Compact, Deloitte understands that corporate and sustainable words are not mutually exclusive. We have initiated the procedure to reassess and reorganize every detail of our operations to assist in combating climate change. This includes transforming our offices, reducing our footprint and turning our own fleet into electric vehicles.
To drive our progress, we recently expanded our paintings on the climate crisis with the launch of WorldClimate. This is our commitment to achieving 0 net emissions through 2030, 20 years before the goal of the Paris weather agreement. Through our initiative, we will make it use every lever imaginable to reduce our own having an effect and help create and maintain a habitable planet.
Beyond our operations, we paint to allow our painters, even when they are not painting, to have more sustainable lives. For example, Deloitte Belgium has established a Mobility – Deloitte programme, which encourages professionals to opt for electric corporate cars or take public transport to and from home, all up to their individual carbon footprint. In addition, we sponsor environmental volunteering and voluntary paintings.
Finally, we leverage our resources and expertise to influence the ecosystems in which we operate, i. e. consumers, suppliers and even suppliers of our suppliers. Through a comprehensive and strategic service offering, we provide a wide variety of professional data and facilities to help consumers respond to and adapt to the climate challenge by replacing their business price chain. We need to help our clients contribute to a greater society by giving them the right equipment to avoid the main dangers related to inaction.
And we are excited to share what we have learned. As a component of the International Business Council of the World Economic Forum, we are contributing to the progression of a more harmonized global reporting formula for environmental, social and governance (ESG) activities in companies disclosures such as annual reports and power statements. We play a leading role in facilitating greater cooperation and alignment among existing standards issuers. And we must put in place more physically powerful reports ourselves.
This pandemic is a global tragedy, there is no way around it, but an even greater tragedy would be if the business network worked again as always knowing what we know now. There’s a better way. The long-term low-carbon adventure has begun. We just have to be ambitious enough to settle for change. There’s no other option.
This article is related to the World Economic Forum’s Sustainable Development Impact Summit and its Stakeholder Capitalism Metrics project.
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