Climate Hero Challenge
Empowering Climate Heroes with INSEAD
Race To Zero Accelerator Challenge 2.0
Race To Zero Accelerator
Race To Zero is the largest and most credible net zero campaign rallying non-state actors (business, cities, regions, finance, education and healthcare institutions) to halve global emissions by 2030.
CIC is very proud to be one of the 30+ Official Accelerators around the world - helping to build support for the campaign and encourage non-state actors to join the net zero movement and sign up to the Race To Zero membership. We do this by enabling the implementation of the net zero criteria, and by encouraging future members to join the official Partners.
Race To Zero (RTZ) Accelerator Challenge 2024
Businesses and organisations can play a significant role in helping to drive the carbon reduction. For the RTZ Accelerator Challenge 2024, we are going to focus on supporting small to mid-size companies with 50-200 employees in three sectors
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Financial Services (e.g., investment companies)
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Logistics
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Transportation
Our goal is to help different organisations start considering and ultimately kick start their decarbonisation journey.
Emission Scopes
Scope 1 emissions
This one covers the Green House Gas (GHG) emissions that a company makes directly — for example while running its boilers and vehicles.
Scope 2 emissions
These are the emissions it makes indirectly – like when the electricity or energy it buys for heating and cooling buildings, is being produced on its behalf.
Scope 3 emissions
Now here’s where it gets tricky. In this category go all the emissions associated, not with the company itself, but that the organisation is indirectly responsible for, up and down its value chain. For example, from buying products from its suppliers, and from its products when customers use them. Emissions-wise, Scope 3 is nearly always the big one.
Source: https://www2.deloitte.com/uk/en/focus/climate-change/zero-in-on-scope-1-2-and-3-emissions.html
Financial Services
Scope 1 emissions
Direct emissions from Owned/controlled sources such as company owned vehicle fleet, facilities, etc.
Scope 2 emissions
Indirect emissions from purchased electricity heating, cooling
Scope 3 emissions
All other emissions that occur in company’s value chain, such as emissions that occur from the use of products sold/financed/of invested businesses
Why you should join the Race To Zero?
01
FUTUREPROOF 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.
02
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.
03
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.
04
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.
05
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.
Race To Zero Criteria
To ensure integrity and accelerate meaningful progress towards halving global emissions by 2030, Race to Zero sets out robust criteria for all its members to meet. These criteria have been annually reviewed to continue being clarified and strengthened. To learn more about the 2022 Criteria Consultation, please see the Summary Report.
The Race to Zero criteria are delineated in two categories: ‘Starting line’ criteria lay out common procedural requirements for all individual members to meet, below which members cannot fall if they wish to join and remain in the campaign. Known as the 5 P’s, these criteria require members to Pledge, Plan, Proceed, Publish and Persuade. These criteria apply to all members, who join Race to Zero through Partner initiatives. It is Partners Initiatives who manage the operationalisation and fulfilment of these criteria by their members.
How CIC can help
WE GIVE YOU SUPPORT AND INFORMATION TO GET STARTED, BUILD INTERNAL ENGAGEMENT AND SUSTAIN MOMENTUM TO DELIVER THE COMMITMENT
01
Explain RTZ to your company
03
Support sign up process
05
Provide curated information
02
Identify partner you can work with
04
Connect to industry expert
06
Invitation to educational trainings
Getting involved
There are many ways you can get invoiced in Race To Zero Challenge 2024 with CIC.
Sign up to Race To Zero Challenge 2024
Sign up to start your journey
Promote RTZ together
Let's join forces to accelerate
Join the CIC RTZ Team
Volunteer with CIC
Donate to CIC
Support our work
Join the CIC RTZ Sustainability Expert Panel
Volunteer with CIC
Climate Leaders Interview Series
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"In the case of climate change, you can make it a lot less frightening than being on the outside and looking in...participating, working on it, you will see that a lot is possible...."
Jeroen de Kempenaer
Philips Engineering Solutions
INSEAD MBA93
An innovation expert, Jeroen de Kempenaer talked to us candidly on a variety of topics: some fascinating examples of using innovations to make net zero possible, how to manage resistance and mobilise an organisation, some examples of putting the Planet-People-Profit model in practice. Simply an uplifting and hopeful conversation.
You can click the image above to watch Part 1.
Part 2 of the interview can be found here.