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Targeting change at a strategic level will often allow your actions to have more significant and sustainable effects in protecting the climate and the environment.
1. A key question to get you started
2. Some illustrative ideas*
3. General approaches*
4. Potential accelerators *
*NB: Further materials will be added to these sections in the future. Come back and check them regularly.
Students ask their future employers a number of questions, which could help you understand the challenges facing your organisation and structure your working groups.
Finance has a major role to play in allocating resources within the economy. However, traditional finance directs savings towards more profitable projects, without really taking their environmental impact in account. Green finance, on the other hand, funds projects that do not harm the environment or projects that allow for the development of a sustainable economy.
Key questions and avenues to explore:
An assessment of the climate action undertaken globally by public and private actors in the financial sector in their role
Climate Finance Day is an international event that has been taking place every year since 2015. It brings together major international finance actors to engage in discussion and find financial solutions to global warming.
Finance for Tomorrow is the Paris EUROPLACE branch dedicated to making green and sustainable finance a driving force of the Paris stock exchange.
Beyond consulting firms actively working in the environmental or energy sector, other consulting firms specialised in market analysis, development strategy, M&A management or organisational performance, amongst others, must reflect and implement specific proposals regarding the environmental impact of the activities they are helping to develop.
Key questions and avenues to explore:
Your company manufactures a product to sell it. The production process itself has an ecological, environmental and human impact, and so does the later use of the product. It is important to be aware of these impacts and to reflect on the purpose of these products and/or of their increased production.
Indeed, clothing, for example, is necessary to a good standard of living. Constantly promoting new collections to incite customers to buy more and stop wearing perfectly serviceable clothes is not. In fact, it contributes to ecosystem destruction and global warming.
Key questions and avenues to explore:
Your company/organisation offers services. Both the production and the use of this service will have an ecological, environmental and human impact. It is important to be aware of these impacts and to reflect on the purpose of these services and/or of their increased production.
Key questions and avenues to explore:
The media industry has a strong impact on public knowledge and awareness. It can help to create a better future for all of humanity on a viable planet, or it can do the opposite. It has a double role, since it not only creates content, but hosts advertisements, which also have an impact.
Key questions and avenues to explore:
The linear production model (extract, produce, consume, discard), which has largely predominated since the industrial revolution, is not viable on the long term. Its ecological impact – resource use, greenhouse gas emissions, pollution, increasing scarcity of raw materials – is extremely severe. Therefore, extending the lifespan of the products that we make and consume can be an interesting avenue to reduce the environmental impact of a company’s value chain.
A few ideas and questions:
To successfully extend a product’s lifespan, the ADEME recommends:
Only by measuring what is important can we make good decisions. To build a more sustainable world, it is necessary for stakeholders at all levels (in public councils and in business) to better understand the indicators that underpin social and environmental targets. Many reference points exist, such as the Sustainable Development Goals on a global level, or new national wealth indicators that provide an overarching view of France’s resources.
Your organisation can commit to respecting global limits and working towards a net-zero impact on the environment throughout its value chain (direct and indirect impacts). You could, for example, suggest meeting the Science-Based Targets (SBT) as a first step. This would certify that your organisation is on a medium-term trajectory that is compatible with the Paris Agreement.
Companies should encourage all their stakeholders, including employees, clients, supplies, local communities and the wider society, to engage in creating sustainable and shared value. This co-construction involving all stakeholders is now necessary to ensure that companies, especially largescale ones, have an enduring future. This is a multi-level endeavour, from initiating a discussion with all stakeholders when implementing a project to creating stakeholder committees to liaise with Executive Management.