Of the largest 150 economic entities in the world 59% are not countries but corporations. And when it comes to climate change, the private sector is largely responsible for the problem but also suffers its consequences – most importantly, business can play a central role in addressing the climate crisis by rapidly scaling up solutions for both mitigation and adaptation.
Over the last 18 months, “Solutions COP21”, led by the Comité 21, the Club France Développement Durable, Hopscotch Groupe and Alliantis communications, developed a platform to showcase business solutions to the public with existing products, services, processes and innovations (and more on the way) to fight climate change and its impacts.
During the COP, the Grand Palais in Paris became the showroom for leading corporations, entrepreneurs and local authorities to put on display their solutions. It also became a center for discussion and exchange on the role of private enterprise can play and how collaboration with other sectors can be improved.
Climate policy and enterprise risk management
That global warming is real and having serious impacts is no longer debated. Increasingly, responding to this reality is becoming part public policy according to Anne Ged, Director General of the Agence Parisienne du Climat, adding that Paris has been working on its adaptation strategy since 2012. It is also increasingly part of the risk management processes at all levels. The French ministry of sustainable development assessed that a one-meter sea level rise would flood over 15,000 km of local roads across the Republic. Similarly in the private sector, Stefano Bonelli, senior consultant at the Environmental Resources Management consultancy (ERM), says that climate related risk management for corporations is one of their fastest growing business segments.
The urgent realities of climate change
For SNCF’s Director of sustainable Development, Christian Dubost, climate change is already impacting its activities with extreme temperatures during heat waves deforming rails and igniting bushfires that result in delays and extra costs. He warns that by 2050, the 2003 heatwave will be the norm – a reality the SNCF is already preparing for now. Facing this future requires a better understanding of the challenges and improved cooperation between sectors. This is part of EPE’s (Entreprise pour L’Environnement) mandate, explains its Delegate General, Claire Tutenuit. We need platforms to share knowledge, experience and foster cross-sector cooperation, she adds. Such partnerships have allowed Veolia to recycle up to 98% of the water for industries in Durban, South Africa, benefiting industry and the environment explained Hélène Lebedeff, Director of Sustainable Development.
Partnering with nature
Leveraging ecosystem services by working collaboratively with nature can provide important co-benefits according to Philippe Thiévent, Director of CDC Biodiversité, explaining that we are only beginning to discover the value of wetlands as hotspots of biodiversity and their benefits in terms of water filtration, aquifer recharge and exceptional flood mitigation capacity. Harnessing such co-benefits can play an important role in mitigation and adaptation strategies and be very interesting from a social, environmental but also from a business perspective.
Clearly an important consideration for business to become a force for good when it comes to climate action.
This article is based on the conference “Comment les entreprises s’adaptent aux dérèglements climatiques” organized on December 4, 2015, as part of SolutionsCOP21 at Le Grand Palais, Paris – Espace de conférence, by EPE (Entreprise pour L’Environnement). http://www.epe-asso.org
Participants: Agence Parisienne du Climat, Anne Ged, directrice générale, CDC Biodiversité, Philippe Thiévent, Directeur de CDC Biodiversité, ERM, Stefano Bonelli, consultant senior, Green Cross International, Adam Koniuszewski, Executive Director, SNCF, Christian Dubost, Directeur de l’environnement et du développement durable, Veolia, Hélène Lebedeff, Directrice adjointe du développement durable. The event was moderated by Claire Tutenuit, Entreprise pour l’Environnement.