Next year Glasgow will host the COP26 – Conference of Parties – taking centre stage and leading the global conversation on climate change. In recent years billions have been invested in Scotland’s offshore energy sector and renewable electricity reached record levels this year. Greenhouse gas emissions have halved since 1990. From Stornoway to Stonehaven, our renewables sector is world-leading. Nicola Sturgeon declared a climate emergency in April and her government has legislated for a 2045 zero-carbon target. As an advanced economy, Scotland is uniquely placed to be at the centre of sustainable development, which the World Bank defines as “growth that must be both inclusive and environmentally sound to reduce poverty and build shared prosperity for today’s population and to continue to meet the needs of future generations”. Several UN sustainable development goals have direct requirements on business, meaning leaders are increasingly called on to consider the effects of their decisions on social systems and natural capital. This critical agenda will demand more effective use of data and more integrated corporate reporting which encourages companies to look beyond the bottom line.
Times 7th Nov 2019 read more »