| The World Economic Forum will advance multistakeholder initiatives for enhanced climate solutions at the 28th Conference of the Parties of the UNFCCC. The Forum will focus on key priority action areas including industry decarbonization and net zero, energy transition, food, nature and innovative finance.COP28 takes place from 30 November to 12 December 2023 in Dubai, United Arab Emirates, and serves as an urgent call to action to the global climate crisis.Learn more about the Forum’s work at COP28 here. Geneva, Switzerland, November 2023 – The World Economic Forum will convene heads of state, ministers, business leaders, philanthropy and civil society to advance climate action at the 28th Conference of the Parties of the UNFCCC (COP28) at the Expo City Dubai, in Dubai, United Arab Emirates. The Forum’s focus at COP28 is to address priority action areas including industry decarbonization and net zero, energy transition, food, nature and innovative finance. “We have to take a holistic approach to address the environment crisis, with people at the heart of the agenda, focusing on restoring and protecting nature ecosystems, strengthening community resilience in the face of water stresses and extreme temperatures, while stopping the pollution of our land, sea and water,” said Gim Huay Neo, Managing Director, World Economic Forum. “Fostering a sense of inter-dependence, mutual trust and support as well as active collaboration between governments, the private sector, philanthropy, civil society and communities is needed to build a more harmonious relationship among communities and with the planet. COP28 is an opportunity for the World Economic Forum to provide a platform for multistakeholders to take stock on progress, enhance partnership efforts and explore new ideas and solutions together to safeguard our global commons.” The discussions in Dubai will build on outcomes from the Forum’s Sustainable Development Impact Meetings 2023, which reflected on progress made on the Sustainable Development Goals (SDGs) and created momentum in addressing the climate and nature crises and advancing an inclusive energy transition. As part of the COP28 programme, the Forum will hold several sessions aligned to the meeting’s thematic areas. Most of the sessions will take place at the COP28 Blue Zone, which is accessible to UNFCCC-accredited media. Insights and initiatives The following Forum announcements and publications will be released at COP28. 22 Nov.: Net Zero Industry Tracker 202322 Nov.: Financing Energy Transition Projects with Industrial Clusters in Europe26 Nov.: Biodiversity Credits: Demand Analysis and Market Outlook27 Nov.: Biodiversity Credits: A Guide to Support Effective Use29 Nov.: Launch of Scope 3 Action Plan from the Alliance of CEO Climate Leaders29 Nov.: Navigating Article 6: Opportunities for the Middle East and North Africa30 Nov.: Grassroots to Boardrooms:Social Innovation Partnerships for Climate Adaptation30 Nov.: Catalysing Climate Action in Asia: Unlocking the Power of Philanthropic-Private-Public Partnerships30 Nov.: Policy Action to Mobilize Climate Finance and Market Responses 1 Dec.: Taking Stock of Global Business Efforts on Adaptation4 Dec.: Joint Communiqué: CEOs from the Leaders for a Sustainable MENA Sign Joint Letter to Pledging Net Zero by 2050 and to Reduce 200MT CO2 Emissions by 20304 Dec.: Roadmap for Enabling Measures for Green Hydrogen in the MENA Region4 Dec.: Fuelling the Future of Shipping: Key Barriers to Scaling Zero-Emission Fuel Supply5 Dec.: Circularity in the Built Environment: Maximizing CO2 Abatement and Business Opportunities5 Dec.: Using a People-positive Approach to Accelerate the Scale-up of Clean Power: A C-Suite Guide for Community Engagement Find more about World Economic Forum insight publications here. |
| The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org). |
Tag Archives: UNFCCC
WILLIAMS F1 RACING TO BECOME CLIMATE POSITIVE BY 2030
Grove, Oxfordshire UK: Williams Racing, one of the most successful teams in Formula One history, commits to a far-reaching climate change target. Building on the progress the global motorsport industry has made on sustainability in recent years, Williams Racing goes further than any other race team or motor racing series in the world, to commit to becoming climate positive by 2030.
To achieve this ambitious goal, Williams Racing has developed a series of robust technological and data driven initiatives, as part of a comprehensive purpose driven sustainability strategy, aiming to address some of the most important environmental and societal challenges facing Formula One, global sport and the planet.
The Williams Racing Sustainability Strategy, which has been developed over the course of the last year after extensive expert analysis, is based around five key pillars: Climate Action, Biodiversity Stewardship, Sustainable Innovation, Industry Access for All and Purpose Driven Leadership. Each pillar defines actions that Williams will be taking in the short and medium term to accelerate the transition to a better planet. Adding further transparency and accountability, each objective will be measured, audited and annually reported.
Williams is committed to learning and sharing best practices from all sectors and adhering to international initiatives. Accordingly, this strategy brings its emissions reduction target in line with the below 2 degrees Celsius target of the Paris Climate Agreement and UN Climate Change Global Agenda. Williams Racing is now the first Formula One Team to be a signatory of the UNFCCC, UN Sports for Climate Action Framework. In addition, Williams Racing Sustainability objectives are aligned with 12 of the 17 United Nations Development Goals (SDGs). Williams Racing is also aligned with industry specific standards and has recently gained FIA Three-star environmental accreditation.
Jost Capito, CEO, Williams Racing: “Williams Racing is a pioneer in Formula One and the racing world and has a strong heritage developing Formula One technology and transferring it to the EV and sustainable transport and energy sectors. We are living in a time when our planet and society is changing faster than ever. Building on the progress the global motorsport industry has made on sustainability in recent years, we have taken time to thoroughly analyse our entire operation and develop a comprehensive purpose driven, Sustainability Strategy to accelerate our sustainable transformation. As a team, we wanted to push the envelope and be the pace setter for sustainability in global motorsport and in the wider automotive industry. So today we are making the commitment to be climate positive by 2030 and we will be using our knowledge to nurture and develop advanced technology to meet this goal.
“We know where we are strong and understand where improvement is required and we are open to learning from others and sharing best practices in pursuit of our ambitious objectives. To help raise the baseline of sustainable performance in our industry, we welcome interaction and partnerships with key motorsport stakeholders, automotive companies, brands and organisations who share our vision.”
“As a huge global sporting platform, Formula One has the power to inspire millions of people across the world and as the pinnacle of so many advanced technologies, Formula One has the ability to create technical solutions to help tackle the challenges we face as a planet. As we progress towards our goal to be climate positive in the years ahead, my hope is that Williams Racing can inspire all those connected with our sport and beyond, using motorsport as a catalyst for significant and long-lasting change.”
The five key pillars of the Williams Racing Sustainability Strategy
Climate Action, covers the strategy and targets for how the team will reduce carbon emissions for travel and energy consumption at HQ, reduce waste and water usage and over time create its own energy, on its journey to becoming climate positive.
Biodiversity Stewardship, covers the strategy and targets for how the team protect and preserve the biodiversity on the 60 acres of the HQ campus, including the Letcombe Brook – one of only 240 chalk streams in the world.
Sustainable Innovation, covers the strategy and targets to foster sustainable and innovative solutions that tackle global challenges in and outside of F1™. This includes Williams Racing undertaking full life cycle management of its racing cars, deploying circular economy strategies within the team and being actively involved in projects such as carbon capture technologies.
Industry Access for All, covers the strategy and targets to make motorsport more accessible by creating an environment in which anyone can thrive, and a workforce that reflects our community through academy programmes, scholarships and Esports.
Purpose Driven Leadership, covers the strategy and targets for Williams Racing to act as pace setters for sustainability within the motorsport industry. Building a strong, transparent and accountable culture in our team, at races, with our partners, suppliers, local community and fans.
Lindita Xhaferi-Slihu, Sector Engagement in Climate Action, Lead, from the UNFCCC commented “We are pleased to welcome Williams Racing as a signatory to the UN Sports for Climate Action Framework. The team is the first Formula One Team joining the Framework, sending a clear signal on the growing importance of setting clear climate targets and of using the sport and technologies as a catalyst for change. We look forward to working together with Williams Racing to deliver on the goals of the Framework.”
The Williams Racing Sustainability Strategy was developed with support from Enovation Consulting, a purpose driven sustainability and strategic management agency.
About Williams Racing
Williams Grand Prix Engineering Limited’s core competencies are the design and development of racing cars to compete in the Formula One World Championship. As one of the world’s leading Formula One teams, the company has secured 16 FIA Formula One World Championship titles since its foundation in 1977. Nine of these titles have been won in the Constructors’ Championship in association with Cosworth, Honda and Renault. The remaining seven titles were won in the Drivers’ Championship with Alan Jones, Keke Rosberg, Nelson Piquet, Nigel Mansell, Alain Prost, Damon Hill and Jacques Villeneuve.
About Enovation Consulting
Enovation Consulting is a purpose-driven sustainability and strategic management agency with the mission to drive positive and meaningful changes through sport. We deliver creative and innovative research-based solutions that empower our clients to integrate sustainability into their business strategies – delivering on their short, medium and long-term ESG goals.
About UNFCCC Sports for Climate Action Framework
The UNFCCC Sports for Climate Action Framework is the UN Climate Change initiative, a climate action for sport movement of sports organizations and their stakeholders. This initiative aims at supporting and guiding sports actors in achieving global climate change goals, offering a forum where participants can pursue climate action in a consistent and mutually supportive fashion by learning from each other, disseminating good practices, lessons learned, developing new tools, and collaborating on areas of mutual interest. Signatories commit to a series of principles and goals which are incorporated into their strategies, policies and procedures.