RACE TO ZERO
ACCELERATOR CHALLENGE 2.0
WHAT IS RACE TO ZERO
The UN Climate Change High-Level Champions established the Climate Champions Team to help deliver on the mandate to enhance ambition and strengthen the engagement of non-State actors. Race to Zero is one of the campaigns a global campaign rallying non-state actors – including companies, cities, regions, financial and educational institutions – to take rigorous and immediate action to halve global emissions by 2030 and deliver a healthier, fairer zero carbon world in time.
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​​​Race to Zero is the world’s largest campaign of 14,500+ non-state actors from over 145 countries contributing to halving emissions by 2030. Led by the UN-Climate Change High-Level Champions, the campaign continues to grow and inspire change globally, with Race to Zero’s latest Progress Report showing membership doubling since COP26.
CIC IS AN OFFICIAL ACCELERATOR
Partners and Accelerators no doubt drive the race forward. CIC is very proud to be one of the 30+ Official Accelerators around the world - helping to encourage non-state actors to join the net zero movement and sign up to the Race To Zero membership. We do this by enabling the implementation of the net zero criteria, and by encouraging future members to join the Official Partners.
RACE TO ZERO Accelerator Challenge 2024
Learning from our first RTZ Accelerator Challenge, this time we will focus on the sectors that will make the most impact if they can deliver the carbon reduction.
We are going to focus on supporting small to mid-size companies with 50-200 employees in three sectors
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Financial Services
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Logistics
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Transportation
We welcome companies in other sectors to get in touch but we will focus our efforts in contacting different businesses and organisations in these sectors to kick start or accelerate their decarbonisation journeys.
Net Zero has become Mainstream
Most of the world’s population, emissions, and GDP is covered by a net zero target, signalling a commitment to cut emissions and create cleaner economies for future generations:
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90% of global GDP is covered by net zero targets.
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The number of companies with science-based targets increased by 102% in 2023, driven notably by robust expansion in Asia.
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Race to Zero analysis shows that leading companies are in the Race to Zero (12% of the Forbes 2000, 80% of WEF Alliance of CEO Climate Members)
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Over 1,000 cities have committed to achieving net zero by 2050 at the latest, by joining Cities Race to Zero.
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Sustainable investments grew to USD 30.3 trillion in 2022—a 20% increase since 2020—reflecting the growing demand and a shift towards sustainable finance.
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FUTUREPROOF YOUR BUSINESS
Sustainability is no longer an optional topic for businesses. Increasingly businesses are required to operate at the latest standards. A growing number of businesses are switching to dealing with environmental, social, and governance issues with a more proactive and strategic approach.
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VALUE CREATION
Organisations are making investments to build a resilient and sustainable business model. Some also see growing evidence of immediate or short-term value creation in sustainability.
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MAKE YOUR EMPLOYEES PROUD
There is growing evidence that a business' visible commitment to sustainability helps to drive employee engagement, performance and productivity. The programme and its progress also give employees purpose, a stronger sense of pride and motivation.
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ADAPT AT PACE
The regulatory environment is changing rapidly, demanding businesses to adopt new practices and meet the new standards just as swiftly. Joining the journey early could help to avoid some sudden and substantial costs in the case when a business finds itself unprepared for the impending changes.
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STAKEHOLDER MANAGEMENT
Shareholders and investors are getting serious about the sustainability risk in their portfolio. These stakeholders increasingly expect businesses to have a clear strategy in meeting the new requirements and to have a sustainable business model.
Why join the Race To Zero
Register Your Interest
Fill in the form to register your interest and we will get in touch
Emission Scopes
Scope 1 Emissions
This one covers the Green House Gas (GHG) emissions that a company makes directly — for example while running its boilers and vehicles.
Scope 2 Emissions
These are the emissions it makes indirectly – like when the electricity or energy it buys for heating and cooling buildings, is being produced on its behalf.
Scope 3 Emissions
In this category all the emissions associated, not with the company itself, but that it is indirectly responsible for, up and down its value chain. For example, from buying products from its suppliers, and from its products when customers use them. Emissions-wise, Scope 3 is nearly always the big one.
Source: https://www2.deloitte.com/uk/en/focus/climate-change/zero-in-on-scope-1-2-and-3-emissions.html
Emission Scopes in Transportation, Financial Services and Logistics
Financial Services
Scope 1 emissions
Direct emissions from Owned/controlled sources such as company owned vehicle fleet, facilities, etc.
Scope 2 emissions
Indirect emissions from purchased electricity heating, cooling
Scope 3 emissions
All other emissions that occur in company’s value chain, such as emissions that occur from the use of products sold/financed/of invested businesses
Race To Zero Criteria
To ensure integrity and accelerate meaningful progress towards halving global emissions by 2030, Race to Zero sets out robust criteria for all its members to meet. These criteria have been annually reviewed to continue being clarified and strengthened. To learn more about the 2022 Criteria Consultation, please see the Summary Report.
The Race to Zero criteria are delineated in two categories: ‘Starting line’ criteria lay out common procedural requirements for all individual members to meet, below which members cannot fall if they wish to join and remain in the campaign. Known as the 5 P’s, these criteria require members to Pledge, Plan, Proceed, Publish and Persuade. These criteria apply to all members, who join Race to Zero through Partner initiatives. It is Partners Initiatives who manage the operationalisation and fulfilment of these criteria by their members.
How CIC can help
We give you support and information to gt started, select the official partner to sign up with and build internal engagement to make the commitment
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Explain RTZ to your company
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Identify partner you can work with
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Support sign up process
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Connect to industry expert
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Provide curated information
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Invitation to educational trainings
Stories of Race To Zero Members
Here you can find the stories of many Race To Zero members that demonstrate net zero is achievable.
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Business
Financial institutions
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Nature
Universities (including individual profiles)
Universities leading the net zero transition
Healthcare
Malaysia's first hospital in the Race to Zero
Sectoral
Climate Leaders Interview Series
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"In the case of climate change, you can make it a lot less frightening than being on the outside and looking in...participating, working on it, you will see that a lot is possible...."
Jeroen de Kempenaer
Philips Engineering Solutions
INSEAD MBA93
An innovation expert, Jeroen de Kempenaer talked to us candidly on a variety of topics: some fascinating examples of using innovations to make net zero possible, how to manage resistance and mobilise an organisation, some examples of putting the Planet-People-Profit model in practice. Simply an uplifting and hopeful conversation.
You can click the image above to watch Part 1.
Part 2 of the interview can be found here.