Podcast
Questions and Answers
What is one of the primary purposes of the document described?
What is one of the primary purposes of the document described?
- To evaluate the performance of CEOs in addressing climate change.
- To establish a definitive timeline for achieving the Paris Agreement goals.
- To offer guidance to businesses and organizations in planning and strategizing for a below 2°C future. (correct)
- To provide a detailed analysis of the political cycles affecting climate change policy.
The Paris Agreement commitments are sufficient to keep global warming below 2°C.
The Paris Agreement commitments are sufficient to keep global warming below 2°C.
False (B)
What is the primary goal of the Paris Agreement, as stated in the content?
What is the primary goal of the Paris Agreement, as stated in the content?
- To increase global temperatures by 2°C above pre-industrial levels.
- To maintain the global temperature rise under 2°C above pre-industrial levels. (correct)
- To reach a 6°C trajectory in global temperature increase.
- To achieve Intended Nationally Determined Contributions without any further increases.
Name one lever that can be used to achieve a below 2°C trajectory, as mentioned in the document.
Name one lever that can be used to achieve a below 2°C trajectory, as mentioned in the document.
The document synthesizes leading ______ thinking on climate change for business leaders.
The document synthesizes leading ______ thinking on climate change for business leaders.
The Aditya Birla Group (ABG) believes that most businesses will voluntarily contribute to climate change mitigation efforts without being mandated by legislation.
The Aditya Birla Group (ABG) believes that most businesses will voluntarily contribute to climate change mitigation efforts without being mandated by legislation.
What is the name of the framework created by the Aditya Birla Group (ABG) to help navigate the transition to a sustainable business model?
What is the name of the framework created by the Aditya Birla Group (ABG) to help navigate the transition to a sustainable business model?
Match the following elements with their respective descriptions, regarding climate change:
Match the following elements with their respective descriptions, regarding climate change:
The Aditya Birla Group aims to future-proof its businesses to ensure their long-term success in the face of climate change and the move from a 6°C to a below _____°C trajectory.
The Aditya Birla Group aims to future-proof its businesses to ensure their long-term success in the face of climate change and the move from a 6°C to a below _____°C trajectory.
Why does the document emphasize the year 2040?
Why does the document emphasize the year 2040?
Taking no action on climate change is a passive choice without consequences.
Taking no action on climate change is a passive choice without consequences.
According to the provided content, what is the current estimated global temperature rise based on Intended Nationally Determined Contributions?
According to the provided content, what is the current estimated global temperature rise based on Intended Nationally Determined Contributions?
What is the current amount of warming the planet has already experienced?
What is the current amount of warming the planet has already experienced?
Match the following concepts with their descriptions, based on the information provided:
Match the following concepts with their descriptions, based on the information provided:
What is a significant challenge mentioned in the content regarding the transformation towards a below 2°C trajectory?
What is a significant challenge mentioned in the content regarding the transformation towards a below 2°C trajectory?
The 'ratchet mechanism' mentioned in the content refers to a process that will automatically increase nations' contributions to reducing global temperature rise.
The 'ratchet mechanism' mentioned in the content refers to a process that will automatically increase nations' contributions to reducing global temperature rise.
Which of the following best describes the purpose of the four scenarios presented?
Which of the following best describes the purpose of the four scenarios presented?
Achieving a below 2°C warming trajectory requires only minor adjustments to current business practices.
Achieving a below 2°C warming trajectory requires only minor adjustments to current business practices.
Besides reducing emissions, what other crucial role should businesses play to ensure a sustainable future?
Besides reducing emissions, what other crucial role should businesses play to ensure a sustainable future?
Pioneering businesses can influence society by demonstrating best practices that can be __________ by international bodies.
Pioneering businesses can influence society by demonstrating best practices that can be __________ by international bodies.
Match each question with its relevant strategic consideration for businesses:
Match each question with its relevant strategic consideration for businesses:
What does the 'funnel' of the ABG Sustainable Business Framework represent?
What does the 'funnel' of the ABG Sustainable Business Framework represent?
Which of the following is NOT explicitly mentioned as a condition businesses should advocate for to enable net-zero emissions?
Which of the following is NOT explicitly mentioned as a condition businesses should advocate for to enable net-zero emissions?
The four scenarios ('Efficiency First', 'Redefining Progress', 'New Protectionism', and 'Service Transformation') all assume businesses are prepared to stay the course with 'business as usual'.
The four scenarios ('Efficiency First', 'Redefining Progress', 'New Protectionism', and 'Service Transformation') all assume businesses are prepared to stay the course with 'business as usual'.
Which of the following accurately describes a key requirement for achieving a below 2°C trajectory, as mentioned in the content?
Which of the following accurately describes a key requirement for achieving a below 2°C trajectory, as mentioned in the content?
According to the content, the physical impacts of climate change, such as water shortages and intense heatwaves, are expected to be less obvious by 2040 than they are today.
According to the content, the physical impacts of climate change, such as water shortages and intense heatwaves, are expected to be less obvious by 2040 than they are today.
Name one specific physical impact of climate change that is expected to affect food security by 2040.
Name one specific physical impact of climate change that is expected to affect food security by 2040.
Businesses that aim to be successful in a below 2°C future need to understand the risks and opportunities posed by the likely ________ impacts of climate change, the levers that must be pulled, and the socio-economic context.
Businesses that aim to be successful in a below 2°C future need to understand the risks and opportunities posed by the likely ________ impacts of climate change, the levers that must be pulled, and the socio-economic context.
Match each action with its corresponding benefit in a below 2°C future:
Match each action with its corresponding benefit in a below 2°C future:
What is identified as a potential consequence of failing to adapt to a below 2°C trajectory?
What is identified as a potential consequence of failing to adapt to a below 2°C trajectory?
The content suggests that achieving a below 2°C trajectory will only require action from governments, with businesses and society playing a minor role.
The content suggests that achieving a below 2°C trajectory will only require action from governments, with businesses and society playing a minor role.
In what timeframe does the electricity system globally need to be decarbonized to stay below a 2°C trajectory?
In what timeframe does the electricity system globally need to be decarbonized to stay below a 2°C trajectory?
What is the primary commitment of the Paris Agreement on climate change?
What is the primary commitment of the Paris Agreement on climate change?
According to the content, exceeding the 2°C warming limit poses minimal threat to global economies and societies.
According to the content, exceeding the 2°C warming limit poses minimal threat to global economies and societies.
What is the potential impact on sea levels if the Earth becomes a 'Hothouse Earth,' according to the Stockholm Resilience Institute?
What is the potential impact on sea levels if the Earth becomes a 'Hothouse Earth,' according to the Stockholm Resilience Institute?
According to the content, a successful business in a <2°C future needs to be ready for a complex picture of mutually reinforcing changes including a tough ______ landscape and robust implementation.
According to the content, a successful business in a <2°C future needs to be ready for a complex picture of mutually reinforcing changes including a tough ______ landscape and robust implementation.
Match the following changes with their respective areas of impact in a sub 2°C future:
Match the following changes with their respective areas of impact in a sub 2°C future:
Which of the following is NOT mentioned as a change needed for businesses to succeed in a <2°C future?
Which of the following is NOT mentioned as a change needed for businesses to succeed in a <2°C future?
The content suggests that there is a strong business case for companies to continue operating without addressing climate change, as they can adapt to any level of global warming.
The content suggests that there is a strong business case for companies to continue operating without addressing climate change, as they can adapt to any level of global warming.
Name one factor that contributes to the complexity of a future below 2°C degrees of warming.
Name one factor that contributes to the complexity of a future below 2°C degrees of warming.
Which of the following individuals is affiliated with the Climate Council; Melbourne Sustainable Living Institute; The Graduate Institute, Geneva?
Which of the following individuals is affiliated with the Climate Council; Melbourne Sustainable Living Institute; The Graduate Institute, Geneva?
Deeksha Vats is the Director of the Climate Impact Lab at Rutgers University.
Deeksha Vats is the Director of the Climate Impact Lab at Rutgers University.
Which organization is Dr. Ajay Mathur the Director General of?
Which organization is Dr. Ajay Mathur the Director General of?
Kevin Anderson is the Deputy Director of the __________ Centre at the University of Manchester.
Kevin Anderson is the Deputy Director of the __________ Centre at the University of Manchester.
Match the following individuals with their respective affiliations:
Match the following individuals with their respective affiliations:
Which of the following is not a business sector included in the Aditya Birla Group?
Which of the following is not a business sector included in the Aditya Birla Group?
The Aditya Birla Group is a US $44.3 billion corporation and is not in the League of Fortune 500.
The Aditya Birla Group is a US $44.3 billion corporation and is not in the League of Fortune 500.
How many employees approximately work for the Aditya Birla Group?
How many employees approximately work for the Aditya Birla Group?
Flashcards
<2°C Future
<2°C Future
A future scenario aimed at limiting global warming to under 2 degrees Celsius.
Paris Agreement
Paris Agreement
An international treaty to reduce global warming, targeting under 2°C increase.
Hothouse Earth
Hothouse Earth
A scenario with global warming stabilizing at 4-5°C, causing severe impacts.
Implications of 2°C limit
Implications of 2°C limit
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Coal Phase-out
Coal Phase-out
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Mobility Revolution
Mobility Revolution
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Agricultural Step Change
Agricultural Step Change
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New Governance Models
New Governance Models
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Efficiency First
Efficiency First
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Redefining Progress
Redefining Progress
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New Protectionism
New Protectionism
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Service Transformation
Service Transformation
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Below 2°C Trajectory
Below 2°C Trajectory
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Value Chain
Value Chain
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Intergovernmental Cooperation
Intergovernmental Cooperation
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Net Zero Emissions
Net Zero Emissions
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Consequences of Inaction
Consequences of Inaction
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Legacy Decision
Legacy Decision
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Carbon Pricing
Carbon Pricing
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<2°C Trajectory
<2°C Trajectory
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Four Scenarios of <2°C Futures
Four Scenarios of <2°C Futures
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Baseline 2040
Baseline 2040
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Physical Impacts of Climate Change
Physical Impacts of Climate Change
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Paris Agreement Implications
Paris Agreement Implications
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Deeksha Vats
Deeksha Vats
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Ajay Mathur
Ajay Mathur
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Project Drawdown
Project Drawdown
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Helena Norberg-Hodge
Helena Norberg-Hodge
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Kevin Anderson
Kevin Anderson
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Aditya Birla Group
Aditya Birla Group
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Tim Flannery
Tim Flannery
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Corporate Strategy in Sustainability
Corporate Strategy in Sustainability
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Decarbonisation
Decarbonisation
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Water shortages
Water shortages
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Climate risks
Climate risks
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Socio-economic context
Socio-economic context
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Capital flows
Capital flows
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Energy efficiency
Energy efficiency
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Sustainable Business Framework
Sustainable Business Framework
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Intended Nationally Determined Contributions (INDCs)
Intended Nationally Determined Contributions (INDCs)
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Temperature Rise Goals
Temperature Rise Goals
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6°C vs. 2°C Trajectory
6°C vs. 2°C Trajectory
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Climate Change Impacts
Climate Change Impacts
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Business As Usual
Business As Usual
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Future-Proofing
Future-Proofing
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Study Notes
<2°C Futures
- 2040 global warming trajectory: Staying below two degrees centigrade above pre-industrial levels
- Report aims to guide businesses on adapting to a below 2°C future
- The Aditya Birla Group (ABG) has developed a Sustainable Business Framework to help navigate a sustainable future.
- ABG recognizes the significant impact of climate change and the urgent need for a 2°C trajectory
Contents
- Foreword: Discusses ABG's commitment to sustainability and the need for the below 2°C trajectory
- <2°C Futures: How this baseline may happen
- Efficiency First: A possible future centered on efficient technology
- Redefining Progress: A possible future focused on localized and digital solutions
- New Protectionism: A possible future focused on national security
- Service Transformation: A possible future focused on access over ownership and digital solutions.
Executive Summary
- Paris Agreement commits to keeping global warming below 2°C
- Current policy commitments may lead to 2.7-3.7°C warming.
- Businesses need to understand risks and opportunities from climate change impacts to remain successful.
- Businesses need to identify ways to transform to meet a below 2°C trajectory.
Using This Report
- The case varies depending on the industry and levers involved
- Synthesizes the leading scientific thinking on climate change
- Explores options for businesses to plan and strategize their actions
- Helps identify risks and opportunities for adaptation to climate change effects by 2040
Baseline 2040
- Science projections for physical impacts by 2040
- Key changes necessary to stay below 2°C
Transition Impacts
- Levers needed by 2040 to stay below 2°C
- Decarbonizing electricity, electrifying mobility, increasing energy efficiency, and changing food systems
- These changes will reshape the world, both physically and economically
A Note on Implications
- Staying below 2°C is crucial for human survival, and many businesses need transformation
- The scenarios highlight the urgent need for business action
- The time for action is now, and businesses need to plan to maximize their carbon savings.
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Description
The Aditya Birla Group's report guides businesses on adapting to a future with global warming staying below 2°C. It explores possible futures centered on efficiency, localized solutions, national security, and service transformation. The report emphasizes the urgency of adhering to the Paris Agreement.
