Published in November 2021
The recent Intergovernmental Panel on Climate Change Sixth Assessment Report highlights the urgency to cut down greenhouse gas emissions rapidly and at a large scale in order to limit global warming to 1.5ºC. The private sector plays a vital role in the efforts towards delivering this mission.
In response to the urgent need for robust corporate strategies to reduce emissions, the Spanish Green Growth Group (“Grupo Español para el Crecimiento Verde” - "GECV") has developed a Guide of Best Practices for Climate Action Plans that guarantees net zero emissions by 2050.
Under the technical leadership of Climate Strategy & Partners (CS), the Group set out to identify the best practices among its members' climate strategies and to benchmark them against those recommended by leading international sustainability initiatives.
The result is the launch of a consensus-Guide highlighting the best practices for the creation of climate action plans that operationalise and integrate net-zero emissions targets into the day-to-day operations of different stakeholders.
This guide stands out especially within the Spanish-speaking world (Spain and the Latin American region) for its robust sources, its specific and science-based approaches, links to 1.5 degree targets and its ambition to accelerate the implementation of longer-term goals into shorter-term actions.
On November 2nd 2021, this guide was launched in a panel discussion event powered by ScottishPower at its Glasgow headquarters with the support of Climate Strategy and GEVC. This COP26 side-event took place during the World Leaders Summit Day and showcased the guide as well as the work carried out in 2021 by Spain's Green Growth Group of companies and banks. Participants included key members of finance, infrastructure, telecommunications and utility members of the Green Growth Group in Spain who engaged in a debate and share their insights into the Guide and its implications. Also, the closing statements were delivered by Valvanera Ulargui (Director General - Spanish Climate Change Agency) and Andrés Landerretche (COP25 Presidency Coordinator - Chilean Ministry for the Environment).