ARTICLE 5 Game Changes and Barriers

ARTICLE 5

Game Changes and Barriers

In Article 5 – Game Changers and Barriers, the private sector is called upon to identify, showcase and invest in emerging game-changing technologies and solutions for a more sustainable future. To accelerate tangible progress by leveraging these technologies, barriers must be identified and addressed – be it policy, regulation, infrastructure, or investment.

Global Picture

As businesses have started to increase focus and investment in tackling some of the sustainability challenges facing People, Planet and Nature, it is apparent that significant changes need to be made to many business practices and global norms.

In addition to creating sustainable industries, and agreeing on global roadmaps, to make the drastic shifts needed to meet the Paris Agreement targets, private and public sector businesses will need to join forces to fund the development and implementation of new infrastructure and technologies.

Projects

SMI companies are driving global demand signals in SAF

Karen Fang, Managing Direct of Global Head of Sustainable Finance at Bank of America, speaking at the SMI SAF Spotlight Session during New York Climate Week

Karen Fang, Managing Direct of Global Head of Sustainable Finance at Bank of America, speaking at the SMI SAF Spotlight Session during New York Climate Week

SMI companies with a combined revenue of $955 billion have made commitments related to electric vehicles, ranging from purchasing electric vehicles as part of their fleets to supporting employees in the purchase of electric vehicles, thus reducing global demand for internal combustion engine vehicles, and increasing demand for electric vehicles.

We can take the carbon out of flying through sustainable aviation fuels, protecting the amazing benefits international travel brings and improving air quality around airports at the same time.

John Holland-Kaye, CEO, Heathrow Airport and champion for the SMI Aviation Task Force

The SMI Fashion Task Force released its manifesto for regenerative fashion

Bob Moritz and other members of the SMI Fashion Task Force at a Regenerative Fashion panel at Terra Carta Action Forum at COP27

Bob Moritz and other members of the SMI Fashion Task Force at a Regenerative Fashion panel at Terra Carta Action Forum at COP27

Through their Manifesto for Regenerative Fashion, the SMI Fashion Task Force commits to changing the path of the fashion industry towards the creation of a more regenerative industry.

To read the full report of recommendations and see the companies involved, click here

The SMI Sustainable Buildings Task Force released a white paper focused on accelerating the decarbonisation of the built environment

In 2022, the Sustainable Buildings Task Force developed a white paper to deliver recommendations for accelerating action to decarbonise the built environment.

Panel on Sustainable Buildings at Terra Carta Action Forum at COP27

Panel on Sustainable Buildings at Terra Carta Action Forum at COP27

Increasing the sustainability of the global building stock is a significant lever to achieving net zero; our SMI task force white paper sets out the technologies, partnerships and sound policy enablers that will support decarbonisation.

George Oliver, Chairman and CEO, Johnson Controls International

To read the full report and see the companies involved, click here

The SMI Sustainable Batteries Task Force is creating a battery passport

The Sustainable Batteries Task Force is developing a digital representation of a physical battery with critical information on battery chemistry, manufacturing history, provenance, and ESG performance across approximately 30 parameters. Using this information, they will be able to identify batteries that are best and worst in class and provide minimum acceptable standards for a sustainable battery.

Spotlight on: Lloyd’s insurer Ascot and broker Marsh

Lloyd’s of London insurer Ascot announced the launch of a Marine Cargo and War facility that will provide coverage for vital grain and food products transitioning through safe corridors established by the newly signed Black Sea Treaty between Russia and Ukraine.

To read more, click here.

Spotlight on: Zero Emission Livestock Project

The Zero Emission Livestock Project (ZELP) has designed a wearable device for cattle to neutralise methane emissions in real time.

Spotlight on : Lanzatech

Jennifer Holmgreen, Lanzatech CEO, speaking on a waste focused panel at Terra Carta Action Forum at COP27

Jennifer Holmgreen, Lanzatech CEO, speaking on a waste focused panel at Terra Carta Action Forum at COP27

Lanzatech is able to collect large quantities of pollution such as industrial waste and CO2 and transform it into useable products such as textiles, sustainable fuels, and cosmetics.