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Climate Action Isn't Dead. It's Just Not Focused on the U.S.
Climate Action Isn't Dead. It's Just Not Focused on the U.S.

Time​ Magazine

time18 hours ago

  • Business
  • Time​ Magazine

Climate Action Isn't Dead. It's Just Not Focused on the U.S.

Greetings from London. A week of interviews, events, and meetings—both on the record and behind closed-doors—at the city's Climate Action Week has left me with many reflections, but one stands out: the climate work goes on, but the U.S. is no longer at the center of the universe. That reality is evident almost just from the scale. The organizers tout 700 events and 45,000 participants spread across the sprawling London metropolis. This was the biggest London climate week yet, and the first time for many (myself included). But it was also evident in the meat of the conversations. Investors talked about opportunities outside the U.S., particularly in Asia and Europe. Climate focused executives waffled about how much of a presence they wanted to have at this year's iteration of New York Climate Week, usually an important moment on the climate calendar each September. And British officials emphasized their ability to serve as a global hub for sustainable finance. 'As investors look around the world and they look for places to put capital, I think we sit in a very good position because of what's happening geopolitically,' says Chris Hayward, policy chairman of City of London, the historic center of London, now best known as a financial hub. To get from event to event in London required dashing around the city in the quickest fashion: typically the tube subway system, consistently overheated given the unseasonably hot London temperatures. But the geographic center of the week was undeniably the City of London, the one square mile that hosts the country's premier banking and financial institutions. There's a reason for that: organizers in London see an economic opportunity in supporting the energy transition. And that's at the core of the global shift visible here in London. The companies that gathered this week have, for the most part, doubled down on efforts to make or save money with climate and sustainability initiatives—whether that's an industrial company cutting bills with energy efficiency or a financial firm creating new products to allow companies to invest in renewable power. The reality of this profit-oriented approach means the U.S. will fall behind given the policy uncertainty. The observation was underscored by data released throughout the week. A survey of business executives globally, released by the World Business Council for Sustainable Development (WBCSD) and Bain & Company to coincide with the event, found that large global companies are continuing to invest in green solutions—but are shifting those investments away from the U.S. toward Europe and Asia. Three quarters of surveyed companies said they were increasingly interested in focusing on those regions. Even still, that's not to say that climate work in the U.S. is dead. The report from WBCSD found that 50% of companies now have less interest in investing in climate work in the U.S. That's a striking figure when contrasted with the global picture. At the same time, it means a significant fraction of global companies continue to see potential. In background chats I had, many American business and financial sector leaders were quick to share that they continue to find opportunities to cut emissions in a way that saves them money—though several expressed fear that talking about it publicly could prompt scrutiny from the administration. 'Businesses are not giving up on the decarbonization journey,' says Peter Bakker, president and CEO of WBCSD, 'depending on where businesses are stationed, they are more or less willing to talk about it.' And I was surprised by the response to my informal, totally anecdotal poll about this year's New York Climate Week. In conversations, I asked sustainability executives how they planned to approach the gathering this year. While many said they had considered pulling out, the vast majority said that they have ultimately decided they still plan to show up—perhaps with a smaller footprint than in years past. The calibration of the message in New York this fall will be interesting, to say the least. In more than a decade on this beat, I have never felt more of a reluctance from business leaders to speak on the record. Many long standing sources preferred to talk without attribution, wary of the political consequences of speaking truthfully even while they eagerly highlighted their work to me. While that makes it more challenging to clearly tell the full story of what's happening, I suppose it's somewhat good news if your biggest concern is whether companies are still focused on capping emissions. To get this story in your inbox, subscribe to the TIME CO2 Leadership Report newsletter here.

NTT DATA Joins World Business Council To Advance Sustainability
NTT DATA Joins World Business Council To Advance Sustainability

Channel Post MEA

time3 days ago

  • Business
  • Channel Post MEA

NTT DATA Joins World Business Council To Advance Sustainability

NTT DATA has announced it has joined the World Business Council for Sustainable Development (WBCSD). Through its membership in WBCSD, NTT DATA will contribute to several key initiatives across the organization. In the Climate Action Working Group, the company aims to support the development and implementation of solutions that reduce greenhouse gas emissions and foster climate resilience, while sharing its expertise in AI and data analytics to help other members accelerate their net-zero transitions. In the Nature Action Working Group, NTT DATA will apply its digital engineering capabilities to develop tools that protect natural ecosystems, promote sustainable resource management, and restore biodiversity. Additionally, the company will participate in the Circularity Product and Material Working Group, contributing to frameworks such as the Global Circularity Protocol and championing circular economy principles in product design, material use, and supply chain sustainability. We are pleased to join WBCSD, aligning with our mission to accelerate client success and positively impact society through responsible innovation,' said Yutaka Sasaki, President and CEO, NTT DATA. 'Technology and data play a pivotal role in building a more sustainable and inclusive future. By applying our expertise in IT services and digital innovation, we will pursue quality growth that creates long-term value for clients, society, and the environment. We look forward to collaborating with other leaders to advance sustainability and drive practical solutions that improve transparency and accountability.' With a strong presence in more than 50 countries and a global workforce committed to driving positive societal impact through responsible innovation, NTT DATA's membership underscores its commitment to accelerating sustainability at scale. As a technological leader with over 15 years of experience in sustainability, NTT DATA has delivered more than 1,500 projects across 10 sectors, powered by a team of 400+ sustainability professionals spanning 23 countries. Joe Phelan, Executive Director, Asia Pacific, WBCSD, commented: 'We are delighted to welcome NTT DATA to WBCSD. Their leadership in technology and sustainability aligns with our mission to driver systems transformation for a net-zero, nature-positive and equitable future. We look forward to their contributions across climate, nature and circularity, and to the collaboration ahead as we focus on action, impact and creating business value.'

NTT DATA Joins the World Business Council For Sustainable Development
NTT DATA Joins the World Business Council For Sustainable Development

Al Bawaba

time4 days ago

  • Business
  • Al Bawaba

NTT DATA Joins the World Business Council For Sustainable Development

NTT DATA, a global leader in digital business and technology services, announced that it has joined the World Business Council for Sustainable Development (WBCSD).Through its membership in WBCSD, NTT DATA will contribute to several key initiatives across the organization. In the Climate Action Working Group, the company aims to support the development and implementation of solutions that reduce greenhouse gas emissions and foster climate resilience, while sharing its expertise in AI and data analytics to help other members accelerate their net-zero transitions. In the Nature Action Working Group, NTT DATA will apply its digital engineering capabilities to develop tools that protect natural ecosystems, promote sustainable resource management, and restore the company will participate in the Circularity Product and Material Working Group, contributing to frameworks such as the Global Circularity Protocol and championing circular economy principles in product design, material use, and supply chain are pleased to join WBCSD, aligning with our mission to accelerate client success and positively impact society through responsible innovation," said Yutaka Sasaki, President and CEO, NTT DATA. "Technology and data play a pivotal role in building a more sustainable and inclusive future. By applying our expertise in IT services and digital innovation, we will pursue quality growth that creates long-term value for clients, society, and the environment. We look forward to collaborating with other leaders to advance sustainability and drive practical solutions that improve transparency and accountability.'With a strong presence in more than 50 countries and a global workforce committed to driving positive societal impact through responsible innovation, NTT DATA's membership underscores its commitment to accelerating sustainability at scale. As a technological leader with over 15 years of experience in sustainability, NTT DATA has delivered more than 1,500 projects across 10 sectors, powered by a team of 400+ sustainability professionals spanning 23 countries. Joe Phelan, Executive Director, Asia Pacific, WBCSD, commented: "We are delighted to welcome NTT DATA to WBCSD. Their leadership in technology and sustainability aligns with our mission to driver systems transformation for a net-zero, nature-positive and equitable future. We look forward to their contributions across climate, nature and circularity, and to the collaboration ahead as we focus on action, impact and creating business value."

NTT DATA joins the World Business Council for Sustainable Development
NTT DATA joins the World Business Council for Sustainable Development

Zawya

time4 days ago

  • Business
  • Zawya

NTT DATA joins the World Business Council for Sustainable Development

Dubai, UAE - NTT DATA, a global leader in digital business and technology services, announces today it has joined the World Business Council for Sustainable Development (WBCSD). Through its membership in WBCSD, NTT DATA will contribute to several key initiatives across the organization. In the Climate Action Working Group, the company aims to support the development and implementation of solutions that reduce greenhouse gas emissions and foster climate resilience, while sharing its expertise in AI and data analytics to help other members accelerate their net-zero transitions. In the Nature Action Working Group, NTT DATA will apply its digital engineering capabilities to develop tools that protect natural ecosystems, promote sustainable resource management, and restore biodiversity. Additionally, the company will participate in the Circularity Product and Material Working Group, contributing to frameworks such as the Global Circularity Protocol and championing circular economy principles in product design, material use, and supply chain sustainability. We are pleased to join WBCSD, aligning with our mission to accelerate client success and positively impact society through responsible innovation," said Yutaka Sasaki, President and CEO, NTT DATA."Technology and data play a pivotal role in building a more sustainable and inclusive future. By applying our expertise in IT services and digital innovation, we will pursue quality growth that creates long-term value for clients, society, and the environment. We look forward to collaborating with other leaders to advance sustainability and drive practical solutions that improve transparency and accountability.' With a strong presence in more than 50 countries and a global workforce committed to driving positive societal impact through responsible innovation, NTT DATA's membership underscores its commitment to accelerating sustainability at scale. As a technological leader with over 15 years of experience in sustainability, NTT DATA has delivered more than 1,500 projects across 10 sectors, powered by a team of 400+ sustainability professionals spanning 23 countries. Joe Phelan, Executive Director, Asia Pacific, WBCSD, commented: "We are delighted to welcome NTT DATA to WBCSD. Their leadership in technology and sustainability aligns with our mission to driver systems transformation for a net-zero, nature-positive and equitable future. We look forward to their contributions across climate, nature and circularity, and to the collaboration ahead as we focus on action, impact and creating business value." About NTT DATA NTT DATA is a $30+ billion trusted global innovator of business and technology services. We serve 75% of the Fortune Global 100 and are committed to helping clients innovate, optimize and transform for long-term success. As a Global Top Employer, we have experts in more than 50 countries and a robust partner ecosystem of established and start-up companies. Our services include business and technology consulting, data and artificial intelligence, industry solutions, as well as the development, implementation and management of applications, infrastructure and connectivity. We are also one of the leading providers of digital and AI infrastructure in the world. NTT DATA is part of NTT Group, which invests over $3.6 billion each year in R&D to help organizations and society move confidently and sustainably into the digital future. Visit us at About the World Business Council for Sustainable Development (WBCSD) The World Business Council for Sustainable Development (WBCSD) is the leading community of over 250 global businesses making sustainability performance a key driver for competitiveness. Established in 1995, WBCSD is a non-profit member-led organization that connects business leaders through all sectors and major economies and creates the tools and frameworks to scale collective impact, drive cross-sector innovation, and shape an ambitious, enabling policy agenda. We operate from seven offices worldwide — in Geneva, New York, Chicago, Amsterdam, London, Singapore and Wuhan — enabling collaboration across value chains and geographies. Together with our members, we are rewiring economic and financial systems to support the transition to a net-zero, nature-positive, and equitable future that creates business value. Follow us on LinkedIn and Bluesky.

NTT DATA Joins the World Business Council For Sustainable Development
NTT DATA Joins the World Business Council For Sustainable Development

Web Release

time4 days ago

  • Business
  • Web Release

NTT DATA Joins the World Business Council For Sustainable Development

NTT DATA, a global leader in digital business and technology services, announced that it has joined the World Business Council for Sustainable Development (WBCSD). Through its membership in WBCSD, NTT DATA will contribute to several key initiatives across the organization. In the Climate Action Working Group, the company aims to support the development and implementation of solutions that reduce greenhouse gas emissions and foster climate resilience, while sharing its expertise in AI and data analytics to help other members accelerate their net-zero transitions. In the Nature Action Working Group, NTT DATA will apply its digital engineering capabilities to develop tools that protect natural ecosystems, promote sustainable resource management, and restore biodiversity. Additionally, the company will participate in the Circularity Product and Material Working Group, contributing to frameworks such as the Global Circularity Protocol and championing circular economy principles in product design, material use, and supply chain sustainability. We are pleased to join WBCSD, aligning with our mission to accelerate client success and positively impact society through responsible innovation,' said Yutaka Sasaki, President and CEO, NTT DATA. 'Technology and data play a pivotal role in building a more sustainable and inclusive future. By applying our expertise in IT services and digital innovation, we will pursue quality growth that creates long-term value for clients, society, and the environment. We look forward to collaborating with other leaders to advance sustainability and drive practical solutions that improve transparency and accountability.' With a strong presence in more than 50 countries and a global workforce committed to driving positive societal impact through responsible innovation, NTT DATA's membership underscores its commitment to accelerating sustainability at scale. As a technological leader with over 15 years of experience in sustainability, NTT DATA has delivered more than 1,500 projects across 10 sectors, powered by a team of 400+ sustainability professionals spanning 23 countries. Joe Phelan, Executive Director, Asia Pacific, WBCSD, commented: 'We are delighted to welcome NTT DATA to WBCSD. Their leadership in technology and sustainability aligns with our mission to driver systems transformation for a net-zero, nature-positive and equitable future. We look forward to their contributions across climate, nature and circularity, and to the collaboration ahead as we focus on action, impact and creating business value.'

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