RACE TO ZERO
ACCELERATOR CHALLENGE 2.0
CIC RACE TO ZERO ACCELERATOR CHALLENGE WEBINAR
Held on 23 Jan 2025.
Guest Speaker: Mr Prashant Saran, Regional Director of Operations, MEA & Turkey at Amazon
Click the video on the left to watch the key message of Mr Saran.
Email us to request the link to watch the full recording (37 mins).
WHAT IS RACE TO ZERO ?
The UN Climate Change High-Level Champions established the Climate Champions Team to fulfill their mandate to enhance ambition and strengthen the engagement of non-State actors.
Race to Zero is one of the global campaigns rallying non-state actors – including companies, cities, regions, and financial and educational institutions – to take rigorous and immediate action to halve global emissions by 2030, ensuring a healthier and fairer zero-carbon world in time.
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Race to Zero is the world’s largest campaign comprised of over 14,500 non-state actors from more than 145 countries, all working towards halving emissions by 2030. Led by the UN Climate Change High-Level Champions, the campaign continues to expand and inspire global change, with Race to Zero’s latest Progress Report indicating that membership has doubled since COP26.
CIC IS AN OFFICIAL ACCELERATOR
Partners and Accelerators no doubt drive the race forward. CIC is very proud to be one of the 30+ Official Accelerators around the world - helping to 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 Accelerator Challenge 2024
Learning from our first RTZ Accelerator Challenge, this time we will focus on the sectors that will make the most impact if they can deliver the carbon reduction.
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
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Logistics
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Transportation
We welcome companies in other sectors to get in touch but we will focus our efforts in contacting different businesses and organisations in these sectors to kick start or accelerate their decarbonisation journeys.
Net Zero has become Mainstream
Most of the world’s population, emissions, and GDP is covered by a net zero target, signalling a commitment to cut emissions and create cleaner economies for future generations:
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90% of global GDP is covered by net zero targets.
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The number of companies with science-based targets increased by 102% in 2023, driven notably by robust expansion in Asia.
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Race to Zero analysis shows that leading companies are in the Race to Zero (12% of the Forbes 2000, 80% of WEF Alliance of CEO Climate Members)
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Over 1,000 cities have committed to achieving net zero by 2050 at the latest, by joining Cities Race to Zero.
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Sustainable investments grew to USD 30.3 trillion in 2022—a 20% increase since 2020—reflecting the growing demand and a shift towards sustainable finance.
Why join the Race To Zero
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FUTUREPROOF YOUR BUSINESS
Sustainability is no longer an optional topic for businesses. Increasingly, companies are required to operate at the latest standards. More businesses are adopting a proactive and strategic approach to environmental, social, and governance (ESG) issues.
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VALUE CREATION
Organisations are investing in building resilient and sustainable business models. Some also see increasing evidence of immediate or short-term value creation in sustainability.
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MAKE YOUR EMPLOYEES PROUD
There is growing evidence that a business's visible commitment to sustainability drives employee engagement, performance, and productivity. The programme and its progress also provide employees with purpose, a greater sense of pride, and motivation.
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ADAPT AT PACE
The regulatory environment is changing rapidly, requiring businesses to adopt new practices and meet new standards just as quickly. Engaging in the process early can help avoid sudden and significant costs if a business finds itself unprepared for the upcoming changes.
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STAKEHOLDER MANAGEMENT
Shareholders and investors are taking sustainability risks in their portfolios more seriously. These stakeholders expect businesses to develop clear strategies for meeting new requirements and to adopt sustainable business models.
Register Your Interest
Fill in the form to register your interest and we will get in touch
Emission Scopes
Scope 1 Emissions
This section addresses the greenhouse gas (GHG) emissions that a company generates directly — for instance, while operating its boilers and vehicles.
Scope 2 Emissions
These are the indirect emissions it generates – such as when the electricity or energy it purchases for heating and cooling buildings is produced on its behalf.
Scope 3 Emissions
In this category, all the emissions are associated not with the company itself, but with what it is indirectly responsible for throughout its value chain. For example, this includes emissions from purchasing products from its suppliers and from its products when customers use them. Emissions-wise, Scope 3 is nearly always the big one.
Emission Scopes in 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
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
Emission Scopes in Transportation
Scope 1 Emissions
Direct emissions from company owned/controlled sources such as company owned truck fleet, company owned warehousing
Scope 2 Emissions
Indirect emissions from purchased electricity heating, cooling
Scope 3 Emissions
Emissions from upstream and downstream activities in a business’ value chain, including those generated by outside trucking, warehousing and logistics companies
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
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Explain RTZ to your company
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Identify a partner you can work with
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Support the sign-up process
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Connect to industry experts
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Provide curated information
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Invitation to educational trainings
Stories of Race To Zero Members
Here you can find the stories of many Race To Zero members that demonstrate net zero is achievable.
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Business
Financial institutions
Aviva​
Universities (including individual profiles)
Universities leading the net zero transition
Healthcare
Malaysia's first hospital in the Race to Zero
Sectoral
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Nature
Climate Leaders Interview Series
​"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.