ARTICLE 2
Default Sustainable
Article 2 – Default Sustainable invites private sector industries and businesses to embed sustainability into their business models and make sustainability the default setting for all they do.
Carmine Di Sibio, Global Chairman and CEO, EYThe private sector brings innovation, skills, and capital to help address the challenges we all face with climate change. Working collaboratively with the public sector and other organisations, we can reach critical goals faster. This is the work we are doing at the Sustainable Markets Initiative.
Global Picture
Recent years have seen an increased focus on setting and monitoring ESG targets, in the context of increasing investor and public expectations. Almost 90% of investors state that a business having a strong ESG programme and performance would have a significant and direct impact on analyst recommendations.
However, an EY and Financial Education & Research Foundation survey found that only 52% of finance executives indicated they have the governance structure to facilitate internal and external ESG reporting. On top of that, only 8% of the executives felt they had a relatively complete and robust set of policies and procedures to drive consistent collection and reporting of ESG data.
Projects
SMI companies are driving global demand signals in paper and plastic alternatives and renewable energy
In 2022, SMI companies have contributed to a reduction in paper and plastic waste through a range of examples, such as Sanofi committing to remove all blisters from syringe packaging.
The SMI Health Systems Task Force announced joint action to accelerate net-zero health systems at the Terra Carta Action Forum
Panel on Accelerating the Transition to Net Zero Health Systems at Terra Carta Action Forum at COP27
Panel on Accelerating the Transition to Net Zero Health Systems at Terra Carta Action Forum at COP27
Pascal Soriot, AstraZeneca CEO, keynote speech at Terra Carta Action Forum at COP27
Pascal Soriot, AstraZeneca CEO, keynote speech at Terra Carta Action Forum at COP27
Health systems are responding to the impact of the climate crisis but are also responsible for 4-5% of total global emissions.
The Task Force has published three white papers outlining practical recommendations and scalable actions to decarbonise supply chains, clinical research and patient care pathways.
The Insurance Task Force released the Disaster Resilience Framework
Investor Leadership Network, Lloyd’s, HSBC, StateStreet and Bank of America on Financing the Transition panel at New York Climate Week
Investor Leadership Network, Lloyd’s, HSBC, StateStreet and Bank of America on Financing the Transition panel at New York Climate Week
The Disaster Resilience Framework aims to provide central authorities with a framework to proactively manage the impact of climate perils, enabling direct access to risk financing and disaster mitigation support to offer effective and sustainable protection to those in greatest need.
Spotlight on: Roam
Almost 6% of residents in East Africa rely on high-emitting motorcycles for their daily income. Quality, affordability, and reliability are key factors in developing electric vehicles and Roam is committed to producing electric alternatives with these qualities, with the aim of producing 150,000 motorcycles and 800 buses per year by 2026.
Sustainable Market Initiative 2022 IMPACT REPORT
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