“ In the financial markets , lenders and shareholders are actively seeking ESG opportunities , and crucially , presenting companies with the opportunity to reduce their cost of capital ”
“ An external CEO can provide an organisation with a fresh perspective which can offer an opportunity to get ahead of their competitors , but it is not without risks which need to be thoughtfully considered and managed ”
“ Pretty much any business success story has empathy at its core ”
COP27 – G7 corporate sector failing to decarbonise fast enough
IN BRIEF
“ In the financial markets , lenders and shareholders are actively seeking ESG opportunities , and crucially , presenting companies with the opportunity to reduce their cost of capital ”
BY THE NUMBERS
World ’ s fastest-growing wealthy cities
Cities in the Middle East and Africa with strong oil and gas industries are the ones with the fastest-growing millionaire populations in 2022 , according to Henley & Partners .
18 % LUSAKA ( ZAMBIA )
Taj Lalli Corporate Finance Director , KPMG UK
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16 % LUANDA ( ANGOLA )
“ An external CEO can provide an organisation with a fresh perspective which can offer an opportunity to get ahead of their competitors , but it is not without risks which need to be thoughtfully considered and managed ”
Claire Skinner Head of Europe and Africa Heidrick & Struggles
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“ Pretty much any business success story has empathy at its core ”
Rob Volpe Empathy activist CEO , Ignite 360
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15 %
LAGOS ( NIGERIA )
COP27 – G7 corporate sector failing to decarbonise fast enough
When global leaders meet in Sharm el-Sheikh for COP27 this month , conversations around the failure of the corporate sector across G7 economies to decarbonise will be high on the agenda . Based on current emissions reduction targets set by companies , no G7 country has a corporate sector likely to decarbonise fast enough to meet the 1.5C target , new analysis by CDP and Oliver Wyman reveals .
Laurent Babikian , Global Director Capital Markets at CDP says it is unacceptable for any country , let alone the world ’ s most advanced , to have industries displaying so little collective ambition and urges “ high-impact companies , and their investors and lenders , to immediately set and honour targets with credible transition plans to allow us to meet this goal .”
The European corporate sector outperforms North America and Asia industry-wide , and improved from 2.7C in 2020 to 2.4C in 2022 , thanks in part to a rapid 85 % rise in companies with science-based targets .
12 November 2022