DATE: 10 June 2020
TIME: 10.00 - 11.30 Bangkok Time
RECORDING: You can access the webinar here.
Setting greenhouse gas emission reduction targets in line with climate science can help business take a lead on climate change and future-proof the business. As so often stated, you cannot manage what you cannot measure. Climate impact assessment, reporting and target setting will thus be critical to move business action. Various initiatives such as the Taskforce on Climate-related Financial Disclosures (TCFD), and the Science Based Targets (SBT) initiatives have been set up to improve reporting and advance the climate action.
Businesses are also expected to integrate climate considerations as part of human rights due diligence under the UN Guiding Principles on Business and Human Rights. Globally, companies have started coming forward to set climate-based targets as ambitious as net-zero carbon emissions by 2050 or before. Corporate leadership on Climate Change is also growing in the Asia- Pacific region. Currently, 25% of the 800+ signatories to the science-based targets initiative are from the region, about half of which had developed climate action targets by early 2020.
This session shares experiences of companies in the Asia-Pacific region who are taking ambitious action on climate, through climate impact assessment, reporting, target setting and action, to share good practices and lessons learned, to inspire action by others and discuss how to further advance climate related target setting and action among companies in the region. It also discusses the role of states and investors in providing incentives to speed up climate action, and the impact of covid-19 on delivering on commitments made by states and businesses.
Responsible Business and Human Rights Forum
Since 2016, representatives from governments, NHRIs, CSOs, and business have convened as part of an annual regional forum on Business and Human Rights in Asia. This annual regional platform has proven instrumental in building momentum in Asia and fostering a race-to-the-top for the implementation of the United Nations Guiding Principles on Business and Human Rights (UNGPs) and other international standards such as the ILO Declaration of Principles concerning Multinational Enterprises and Social Policy (MNE Declaration). As a vital platform for the sharing of best practices from within Asian countries and beyond, the platform has enabled meaningful South-South exchange, and facilitated constructive dialogue and peer-learning among international organisations, ministerial-level officials, corporate executives, and civil society actors. In 2019, the regional forum was expanded to a Responsible Business and Human Rights (RBHR) Forum, broadening the scope to the wider responsible business agenda.
Against the backdrop of the COVID-19 pandemic, the 2020 Virtual United Nations Responsible Business and Human Right Forum will convene stakeholders in the Asia-Pacific region to take stock of progress and discuss challenges and opportunities for advancing responsible business practices and human rights in the region. It will explore how existing vulnerabilities have been amplified and exposed by the crisis and discuss the need to use the crisis as an opportunity to drive change and build back better.