What is the purpose of SDG 13?
SDG 13 takes urgent action to combat climate change and its impacts.
Reasons for working with SDG 13:
Global warming continues to break annual records, with the strongest storms, hottest years, longest droughts and more. The arctic ice is melting at an alarming rate, and the global average sea level rose 19 cm between 1901 and 2010.
Currently, the average annual losses from tsunamis, tropical cyclones and flooding amount to hundreds of billions of dollars.
If not curved, global climate change will threaten the wellbeing of billions of people around the globe.
How is 2030 Builders addressing SDG 13:
With the political will and a wide array of technological measures, we should limit the increase in global temperature to two degrees Celsius, in comparison with pre-industrial levels. This requires urgent collective action.
Help more vulnerable regions adapt to climate change. Invest in climate mitigation technologies.
Integrate ambitious climate change measures into both international, and national policies, strategies, and planning.
What do companies do:
Abbott – Ensuring vital healthcare needs when disaster strikes: Abbott has created an Executive Crisis Management Team (ECMT) to ensure Abbott’s continued ability to fulfill vital healthcare needs in communities around the globe, and to support its stakeholders and mitigate risks to its supply chain. This is in response to the increased frequency and severity of natural disasters which increase demand for critical food and medicines, while also complicating the delivery of these lifesaving products. The ECMT is tasked with: managing the safety and security of Abbott employees, managing the risks to business continuity, and being prepared to serve others during catastrophic events. ECMT is comprised of two senior leadership teams with cross-divisional, multifunctional representation. Having two teams ensures full-shift coverage of a crisis with around the clock management, when necessary. Abbott also has a network of trained Crisis Action Teams which include 32 country-specific Crisis Action Teams that manage events locally and support the ECMT as necessary.(Source: SDG industry matrix – Healthcare & Life Sciences)
HSBC – Shaping the market for green bonds: HSBC is one of a number of financial institutions that is playing an important role in shaping the fast-developing green bond market. Also, for more than 10 years, HSBC has been working with its business customers to help them understand and manage their environmental and social impact with a focus on certain sectors and themes. HSBC assesses and supports customers using its policies, which it regularly reviews and refines. HSBC’s Energy Sector Policy severely restricts the bank’s support for coal-fired power plants, while recognizing that the shift to a low carbon economy will take time and that fossil fuels will be an important part of the global energy mix for the foreseeable future.(Source: SDG industry matrix – Financial Services)
YES BANK – Renewable energy commitments: YES BANK issued India’s first Green Infrastructure Bonds to raise INR 10,000 million (US$160 million) to exclusively fund its renewable energy commitments, thus opening the door for this instrument in India. The INR 5,000 million issue, with a greenshoe option, was oversubscribed demonstrating strong demand for these instruments in India. In August 2015, YES BANK raised another INR 3,150 million (US$50 million) from the International Finance Corporation (IFC) through its Masala Bonds launched on the London Stock Exchange, which were the IFC’s first investments in an emerging market’s green bonds.(Source: SDG industry matrix – Financial Services)