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Climate Change Policy
The Intergovernmental Panel on Climate Change (IPCC) predicts the average global temperature in 2100 is likely to be between 3°C to 5.5°C above late 19th century levels if no action is taken to reduce global greenhouse gas (GHG) emissions. The global risks from climate change include:
- Extreme weather events.
- Severe impacts on the world's poorest and most vulnerable populations.
- Environmental and economic damage.
- Large-scale singular events (such as further sea level rise as major ice sheets melt).
Disruption and irreversible loss of natural habitats and resources is expected even with a 2°C temperature rise. However, rapid global action to cut GHG emissions may reduce the likelihood of global temperatures increasing by 2°C.Under the 2015 Paris Agreement, the international community set goals to:
- Ensure the rise in global mean temperatures is kept well below 2℃ above pre-industrial levels.
- Aim to limit global warming to 1.5℃.
We are presently assessing our annual carbon consumption with a view to creating a carbon action plan with targets to achieve carbon neutrality in our business operations. At present, we intend to reach carbon neutrality by the end of FY 2024.
Last modified 1mo ago