“Work together to deliver” is the final goal for this year´s United Nations Climate Change Conference (COP26). Collaboration between countries and institutions will be key in achieving success in meeting this goal, so private companies, governments and civil society need to work together to deliver joint plans, share knowledge, experience, and take actions to help our world create a better future.
COP26 recognises that for actual change to occur and occur quickly, climate finance has to be significantly increased and mobilised from both the private and public sector. Companies are being asked to disclose business risks and opportunities caused by both climate change and a commitment to Net Zero.
“To achieve our climate goals, every company, every financial firm, every bank, insurer and investor will need to change”. This statement from the COP26 website in relation to the third goal ‘Mobilise finance’ goes to demonstrate how intrinsic finance is to the climate.
Control Union and IDS Group have announced today a formal collaboration that will see the companies work together in the testing, inspection and certification industries.
The second goal of COP26, the UN Climate Change Conference currently underway in Glasgow, is ‘Adapting to protect communities and natural habitats’. Our oceans are intrinsic in our fight against climate change, as a healthy, biologically diverse ocean provides us with great environmental services such as sequestering carbon, providing sustainable and healthy food sources, and supporting coastal communities around the globe.
The first, and arguably most important, goal of the COP26 United Nations climate change conference focuses on securing global Net Zero in order to limit global warming to 1.5 degrees. For companies directly engaging in the production or use of coal and other fossil fuels, carrying out deforestation, or financing those who do, this goal serves as a clear cease and desist order. But for those working in other areas - be it retail, agriculture, pharmaceuticals, technology, or the myriad other industries which are not directly related to these harmful activities, the route to Net Zero is more ambiguous.
At the end of this year, it is time for me to retire as CEO of the Royal Peterson Control Union Group.
Since it was established eight years ago the Global Organic Latex Standard (GOLS) has been the choice for many manufacturers and retailers in the Mattress and Bedding Industry who want to encourage sustainable latex production.