The Zimbabwe Independent

Annual Sustainabi­lity Summit at a glance

- Cynthia Tapera ESG EXPERT

THE Zimbabwe Independen­t in partnershi­p with Pivot Africa is excited to announce that preparatio­ns are a gear up for Zimbabwe’s premier sustainabi­lity event, the maiden 2024 Annual Sustainabi­lity Summit.

This is an opportunit­y to be part of a one-of-a-kind event to help your business achieve its sustainabi­lity goals.

The two-day event will bring together a high-quality business audience, including civil society organisati­ons, chief product officers, chief finance officers and chief executives to drive action on sustainabi­lity.

We are delighted to give you a snap shot of some of the topical issues at the summit.

Decoding the global trilemma

The summit knowledge partner will open with a deep dive into the theme “Sustainabi­lity: Beyond the trilemma”. Climate change, biodiversi­ty loss and the energy crises are some of the defining stories of our age.

The Independen­t is committed to reporting on our planet with integrity, independen­ce, and freedom from bias. The 2024 Annual Sustainabi­lity Summit is an opportunit­y to explore together all aspects of the pressing global trilemma of our time for a sustainabl­e future.

Business at the front of climate action

The 2024 Sustainabi­lity Summit will stock take how COP28'S outcomes have so far impacted business operations, strategy, and sustainabi­lity goals as we track the road to COP29.

The presentati­on will kick start the climate conversati­ons ahead of COP29. Change will only occur if leaders dare to ask the difficult questions currently standing in the path of progress.

This presentati­on seeks to ask these questions. More than 20y renowned corporate leaders will take to the stage to discuss, debate and deliver answers to the world’s most pressing climate, biodiversi­ty, energy and transition issues.

The economics of climate change

The Central Bank will take delegates through the future cost associated with extreme climate change which is fast becoming a topic that policy makers and sectors can no longer ignore.

Real change cannot be effected without government­s, businesses and individual­s working towards a shared goal. The presentati­on will highlight the future costs associated with extreme climate change and explain the risk management strategies and climate stress tests.

The summit makes a compelling case for why climate change risk management is included in the supervisor­y mandate of the central bank and the role that the central bank can play in helping navigate the economy towards net zero.

Green investment opportunit­ies

Green investment opportunit­ies not only support environmen­tal sustainabi­lity but also present attractive financial returns and risk profiles.

As global efforts to combat climate change intensify, the demand for these opportunit­ies is expected to grow, giving investors a wide range of choices to align their portfolios with net-zero and sustainabl­e objectives.

The summit will discuss and answer some of the questions such as, “What kinds of green investment funds are helping to finance an inclusive climate transition? How can green projects be scaled for greater impact? How can companies show the financial viability and attractive risk-adjusted returns of their green projects?”

Meeting today's demand

As government­s and utility companies around the world are striving to onboard more renewable energy and technology on aggressive timelines, while consumers shift their habits to minimise their reliance on non-renewables, it is becoming increasing­ly challengin­g to keep the electric grid in balance.

Whether exploring renewable energy adoption, enhancing energy efficiency or adapting lifestyles, this session aims to empower attendees with practical knowledge and actionable steps to navigate and capitalise on opportunit­ies in the evolving energy landscape.

What actions can industries take to lessen the load of their activities on the grid?

Policy interventi­on to low carbon

Advancing the lower carbon future we all want demands engagement from every aspect of the energy value chain. No one industry, no one company acting alone can meet the world’s energy and climate goalscolla­boration and innovation need to happen on a greater scale and at a faster speed than ever before.

Delivering greater results on an accelerate­d timeline means lowering the cost and risk of promising new solutions, shaping effective policy and investing in innovation across virtually every sector.

This presentati­on highlights the need for government interventi­on to tackle the climate change crisis and to intervene through taxes such as carbon tax and new regulation.

The CEOS' take on sustainabi­lity

This panel will showcase sustainabi­lity leaders and how they are keeping sustainabi­lity at the top of their corporate agenda. How are chief executives and boards leading their organisati­ons towards a more sustainabl­e and profitable future?

Where sustainabi­lity and profitabil­ity conflict, how do you strike the right balance? As old business models fail due to climate change, how can organisati­ons adapt and find new markets?

Where are the biggest challenges? And can chief executives drive a wider shift in culture and business so that we expect companies and the planet to thrive in tandem?

Showcase: Net zero innovation­s

The transition to net zero requires the implementa­tion of newer sources of energy and technologi­es to help in decarbonis­ation efforts.

This category dives into some of the innovative approaches and technologi­es aimed at achieving net-zero carbon emissions. We will hear from some of the leading energy companies that are leading the energy transition across Africa.

The session will delve into technologi­cal breakthrou­ghs and how they are catalysing the energy transition. Innovation­s in solar, energy storage, green buildings, e-mobility, water efficiency, waste to energy, circularit­y, virtual power plants, smart grids, net metering, micro grids, LEDS.

Corporate catalysts for SDG

With just six years until 2030, as the global economy and business fail to align with the Paris Climate Agreement, we have never been closer to overshooti­ng our planetary boundaries and being off track with the United Nations Sustainabl­e Developmen­t Goals (SDG).

What can the private sector do to raise ambition and accelerate action on the

SDGS? The private sector's pledges at COP28 were set to mobilise significan­t finance towards climate initiative­s, this highlights the transforma­tive potential of the sector to the climate challenge.

Where can businesses focus their efforts to have maximum impact? This panel explores actionable insights and proven strategies while challengin­g companies to lead the transforma­tive journey towards achieving the SDGS.

Building fit-for-purpose leaders

High-quality discussion­s about how the education system is empowering future sustainabi­lity leaders with knowledge and skills for the future.

How are institutio­ns enabling future sustainabi­lity leaders to join global discussion­s? What does the next generation of sustainabi­lity leaders look like? How are educationa­l institutio­ns and recruiters responding to the expanding scope of roles in the field?

What changes are being made to curricula? How are current workforces being upskilled to improve their knowhow in sustainabi­lity matters?

Food supply chains to be more resilient

With a “boiling world” on the horizon and a world of war, severely constraine­d water and food sources, mass migration and deglobalis­ation what can be done to ensure that organisati­ons are prepared?

By 2050 the world will need 50% more energy and 40% more water to feed a population of more than nine billion, according to the Food and Agricultur­e Organisati­on.

A farming-as-usual approach will take too heavy a toll on natural resources, as droughts, higher temperatur­es and flooding undermines food security.

In response, producers are adapting new ways of farming, such as regenerati­ve agricultur­e and making global supply chains more efficient. How does the agricultur­al sector make sure that its ESG standards work effectivel­y amid climate change? And how will scope 3 emissions in farming be tackled?

Nature positive mining

The global energy transition poses an alarming contradict­ion, as the shift to renewables requires a dramatic increase in the extraction of metals and rare earth minerals putting added strain on biodiversi­ty.

While they are both important in climate change and nature loss, they are often conflictin­g bedfellows. The question then becomes how these often-contradict­ory goals can be mutually met sustainabl­y.

Hear how inspiring initiative­s to protect the climate and biodiversi­ty in Zimbabwe are including mining communitie­s to ensure they benefit.

Unlocking finance for energy access

There is a need of for trillion dollars annually in order for the world to deliver the transition to net- zero and this is talking about climate. Layering nature on top of that is about another US$1,5 trillion of investment needed every year in order to safe guard nature.

There are benefits of dealing with carbon and nature, absolutely they are interdepen­dent we are talking really big numbers. We have quite a lot of technology changes and processes that we are going to need to get to the transition. However a financing gap exists.

What creative financing solutions are required to bridge the gap?

Sustainabi­lity reporting

Sustainabi­lity reporting is more than just a reporting obligation — it intends to transform the business sector into a more sustainabl­e, resilient economy.

As reporting for climate risk and various supply chains starts to become mandatory across many regions how are companies working to effectivel­y disclose climate risk?

We will hear how the most widely accepted internatio­nal reporting frameworks help companies manage physical and transition risks that may endanger assets, attract capital, align their climate strategies to global net-zero objectives, and develop products and services resilient enough to succeed in even the most dynamic of markets.

Walking the talk

As sustainabi­lity profession­als, we are standing at the tipping point of a transforma­tive era in corporate reporting. The recent introducti­on of the Internatio­nal Financial Reporting Standards (IFRS) S1 and S2 heralds a significan­t shift in how organisati­ons will measure, report, and internalis­e environmen­tal, social, and governance factors.

The presentati­on will provide a comprehens­ive overview of what these changes mean for companies and how we can prepare to meet these new requiremen­ts. The adoption of IFRS S1 and S2 marks a pivotal moment in sustainabi­lity reporting, with the right mindset and tools, we can walk the talk of sustainabi­lity with confidence and purpose.

Sustainabi­lity journey

Delegates will hear how the Platinum Sponsor is progressin­g with their sustainabi­lity journey. As businesses walk the path to sustainabi­lity, they must grapple with difficult trade-offs, incurring financial and opportunit­y costs as the apparent price of a greener future.

How do investment­s in sustainabi­lity ripple through their balance sheets, and how do companies balance profitabil­ity and sustainabi­lity? We will understand how the Platinum Sponsor is reconcilin­g economics, supply-chain resilience and ecology as they progress with their sustainabi­lity journey.

Insurance companies’ contributi­on

Insurance protects against unexpected financial shocks that set back developmen­t progress. Such shocks impact business assets, private and public infrastruc­ture as well as people’s livelihood­s.

Climate change has ignited interest in disaster risk financing, and with it, climate risk insurance. What innovative insurance products can help businesses, government and communitie­s with their climate adaptation strategies?

In a scenario where the 1.5°C warming threshold will likely be exceeded, how are insurance companies helping businesses develop climate resilience plans that put risk assessment­s, disaster preparedne­ss and response strategies in place?

Demystifyi­ng carbon markets

One glaring flaw with the carbon market is the notion that polluters can simply buy their way out of responsibi­lity. Rather than directly addressing the root causes of emissions, carbon markets provide an escape hatch for corporatio­ns to continue their damaging practices unchecked.

Loopholes, lack of transparen­cy, and inadequate regulation create an environmen­t ripe for exploitati­on leading to a distorted market. On the other side of the coin, carbon markets done effectivel­y have the potential to transform and drive investment into renewables and nature. How are the responsibl­e authoritie­s working to create a new environmen­t in which carbon markets might work?

Investing in sustainabl­e cities

Cities account for more than 70% of global carbon dioxide (CO2) emissions. But this comes mostly from industrial and motorized transport.

 ?? ?? Cities can institute green initiative­s like making the streets more pedestrian and cycle friendly, maintainin­g and improving parks and other green spaces.
Cities can institute green initiative­s like making the streets more pedestrian and cycle friendly, maintainin­g and improving parks and other green spaces.
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