Duration: 00:01:26
Code red to go green
In 2020, decarbonisation rate in Asia Pacific was 0.9% (below the global average of 2.5%). To achieve the 1.5°C target and reach Net Zero, the region needs to urgently accelerate its decarbonisation.
This requires a net zero transformation.
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Vietnam: The first steps in converting pledges into action
Transitioning to carbon neutrality will require a rewiring of the entire economy. From a country perspective, Vietnam has recently made a stronger commitment to tackle climate change in COP26. However, the reality is that a nation cannot meet its net-zero commitment without ambitious action and systemic change.
Download the reportGovernment and business must collaborate to drive decarbonisation at the necessary pace and scale
The race to Net Zero is both a responsibility and an opportunity for businesses. Businesses making early commitments will enjoy a first mover advantage, positioning themselves favourably with changing consumer attitudes, new technologies and new markets. Business must partner with Government to drive fundamental change - COP26 has highlighted this.
Download the reportThis is not a journey that governments can undertake alone. Businesses have a crucial role to play and it’s timely for Vietnam to adopt a partnership-led approach to reach our Net Zero goal.
Reimagining business for net zero
Now is the golden opportunity for green growth. Businesses have a responsibility to accelerate transformation to net zero.
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
Focus on high impact areas: Operating model, rebalancing supply chains, innovation and talent
Data and transparency are crucial
Demonstrate progress and performance against Net Zero targets requires a comprehensive approach.
Financing and delivering the shift to Net Zero
Innovative and sustainable partnerships between all stakeholders with public and private investment are essential.
Sources:
bp, World Bank, OECD, UNFCCC, PwC data and analytics
Notes:
GDP is measured on a purchasing power parity (PPP) basis.
