When looking into sustainability trends shaping 2023 and for decades to come – we can notice that decarbonisation, reaching net-zero emissions and ESG are predominant trends that companies must act on.
The business case for sustainability has become evident. If 2023 saw the ascension of sustainability into the mainstream discussion, 2023 is the year to translate commitments into rapid and concrete actions. There is a growing awareness that finance and businesses are critical enablers in this transition. By shifting investments and “putting money where our mouths are”, we can build an economy that promotes sustainability. According to the OECD, €6.35 trillion a year is needed to meet the Paris Agreement by 2030 – the mobilisation of institutional and private capital will have to be unprecedented in speed and direction.
In 2021, the Intergovernmental Panel on Climate Change (IPCC) third assessment report observed the increasing warming of the Earth’s surface mainly caused by human activities, with projected increases in rising sea levels and increased frequency of heatwaves. Coupled with this statement, scientists insisted that our planet crossed the fifth planetary boundary on chemical pollution. Thus, the COP27 – our world’s best last chance to tackle climate change, did not hold all its promises. The current net-zero pledges are insufficient to keep global temperatures under the 1,5°C scenario.
The sustainable transition is inevitable. To prepare companies and investors the best for this upcoming change, Plan A with its expert team has curated a Whitepaper on six sustainability trends to act on in 2023. Download our Whitepaper here.
