Under the 2015 Paris Agreement, countries of the world adopted national emission reduction targets and agreed to work together to address climate change. The shift toward a society based on low -carbon energy is well under way. Meanwhile, weather-related disasters such as floods and droughts are intensifying, as are other negative impacts of climate change, with growing ripple effects. World affairs as they relate to climate actions and the transition to a low carbon society are in an unprecedented state of flux but nevertheless, the global tide toward diversification of energy sources and better climate adaptation is deep, wide, and unstoppable.
There is continued growth in financing available from international funds, national government programs, and other sources for climate actions, including mitigation and adaptation. In their corporate rating systems and assessment indicators, financial institutions are now beginning to consider companies’ governance and strategies that can lead us toward a low carbon society.
These are some of the signs that the very ways of doing business are now being linked directly to climate strategies and efforts to shift to a low- carbon society—from core business activities to financing and more. In this context, climate strategies are no longer viewed as a conflict of corporations versus the environment. They are now becoming a part of sound corporate activities, one of the normal criteria considered to procure financing, and an opportunity to develop new business.
The Intergovernmental Panel on Climate Change (IPCC) was established in 1988 under the auspices of the United Nations. Since around that time, for nearly a quarter of a century, Green Pacific’s principal members have been working in Japan and internationally on the theme of tackling climate change challenges, knowing that the private sector has an enormous role to play in moving toward a low- carbon society. We launched Green Pacific to help businesses along that path. Through project development and consulting services utilizing the knowledge and networks we have built in the Asia-Pacific, particularly in the ASEAN region, we are committed to supporting our clients in developing low carbon, energy, and climate adaptation projects as viable business activities.
Kazuhito Yamada, President and CEO