To address climate change, automakers must collaborate for system change
Sector and cross-sector collaboration is the only way for the auto industry to tackle climate change, writes Dr Heike Schulz
Climate change is one of the major challenges of our time and is already impacting on the opportunities for societies to grow and business to prosper. Without drastic action, the future will be more difficult and costlier, as it will require major adaptations. In this respect, business has a key role to play both individually and collectively on the road to Europe’s carbon neutrality.
Making corporate climate adaptation the new norm
Individually, each business can address climate change and climate change-related risks by setting ambitious targets and supporting the Agenda 2030 Goals and the Paris Agreement. Within the last year, several businesses announced their commitment to reach carbon neutrality in their operations. While this was indeed an important first public step, the journey had just started.
To fulfil such a commitment, companies still need to outline and break down climate-related tasks for different operational areas. Finally, it is crucial for companies to verify the route they choose and adapt it when necessary, while continuing monitoring and reporting to internal and external stakeholders.
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