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CIC Race to Zero Accelerator
Introduction

What is Race To Zero?

The Race To Zero is a campaign launched by the United Nations’ secretariat for Climate Change.
It is a global effort that aims to mobilise real economy actors such as companies, investors, cities and regions to meet the targets of the Paris Agreement (2015) to keep the global
annual temperature increase below 1.5 degrees celsius.

This year’s COP26 in November is giving this global initiative a new momentum over which the UN wants to unite economy actors towards the goals of a healthy, resilient and zero carbon recovery. By rallying the necessary support, the campaign wants to prevent future threats, create jobs, and unlocks inclusive, sustainable growth.

Message from 
António Manuel de Oliveira Guterres, Secretary-General, United Nations 

"I am very proud to work for Fastweb. With a reduction of 95% of core emissions (Scope 1 and Scope 2), Fastweb has reached Europe's Climate Leaders 2021's top ranking and is the most effective telecommunication company in reducing emissions."
Marco Tavecchio,
Head of Information Security, FastWeb,
INSEAD MBA '98D

THE CHALLENGE

The world is currently emitting about 50 billion tonnes of greenhouse gases in carbon-dioxide-equivalents each year, which means that with current emission levels the emissions budget would be used up within 15 to 25 years. 
Source: IPCC

Why should Businesses join the Race To Zero?

FUTURE PROVE YOUR BUSINESS

Sustainability is no longer an optional topic for businesses. Increasingly businesses are required to operate at the latest standards. A growing number of businesses are switching to dealing with environmental, social, and governance issues with a more proactive and strategic approach. 

VALUE CREATION

Organisations are making investments to build a resilient and sustainable business model. Some also see growing evidence of immediate or short-term value creation in sustainability.

MAKE YOUR EMPLOYEES PROUD

There is growing evidence that a business' visible commitment to sustainability helps to drive employee engagement, performance and productivity. The programme and its progress also give employees purpose, a stronger sense of pride and motivation.

ADAPT AT PACE

The regulatory environment is changing rapidly, demanding businesses to adopt new practices and meet the new standards just as swiftly. Joining the journey early could help to avoid some sudden and substantial costs in the case when a business finds itself unprepared for the impending changes.

STAKEHOLDER MANAGEMENT

Shareholders and investors are getting serious about the sustainability risk in their portfolio. These stakeholders increasingly expect businesses to have a clear strategy in meeting the new requirements and to have a sustainable business model.
 

"The world will be changing so fast and dramatically now, that if you’re not keeping up with the necessary innovation, are not truly joining the race, you’ll be losing out, and you might ultimately lose your license to operate.
 

On top, with the financial and regulatory environment changing the business conditions for real now, the earlier you adapt the base of your business, the better you will be prepared for when it really matters.
 

At Greenfish we commit to Science Based Targets, because this is our passion and our responsibility. But also because it makes complete business sense."
 

Marieke van Winkelen, Managing Director of Greenfish Netherlands
INSEAD MBA 00J

WHAT IS CIC RACE TO ZERO ACCELERATOR?

It is an initiative to mobilise the experience, the influence, the expertise and the connections within and beyond the INSEAD network.

 

We are contributing to the Race to Zero by driving our members to join the campaign. We are excited to help accelerate the Race and encourage you to visit the Race to Zero website to find out more.

Our volunteer team from around the world will mobilize and persuade companies and organisations, in all sectors and of all sizes, to sign up to the UN's Race To Zero. We are putting a special focus on getting at least 50 organizations led or influenced by INSEAD alumni to join the UN's Race To Zero.

Why CIC chose this challenge?

In previous challenges, CIC targeted individuals and households, and companies, to make habit changes that decrease their carbon footprint. We were encouraged by the changes people made within a short space of time.

 

Yet individuals changing habits will only take us so far.

We need businesses to offer only or at least mainly sustainable options - making the ‘right’ consumer choices easy - and accessible to all.

We also noticed while most people understand the need for a change, we are not making the changes fast enough and at the right scale. We want to make an even bigger positive impact by mobilising the power, the influence and the resources inside our alumni network, for business leaders to get their organisations to make a difference.