Emerging Businesses In Climate Action Award
Category Description
To tackle climate change, innovative and sustainable practices must be spearheaded by up-and-coming enterprises. Such businesses are developing innovative solutions to mitigate the impacts of climate change across different sectors whose results will be to reduce the carbon footprint created in society. It can include working on creating mechanisms for renewable energy, waste management, carbon capture, energy efficiency, etc.
The demand for innovative ideas and sustainable business models has never been stronger as the globe struggles with the expanding effects of climate change. Emphasizing the urgency of the climate crisis, the Intergovernmental Panel on Climate Change (IPCC) data warns that global greenhouse gas emissions have to peak by 2025 if we are to limit warming to 1.5°C and prevent the most catastrophic consequences of climate change. This can only be achieved through creative thinking and enacting quick, significant changes while substituting innovative ideas in place of conventional corporate practices.
Emerging businesses can play an important role in facilitating this positive paradigm shift by developing and using fresh technologies, goods, and services that lower emissions and advance sustainability. Today, new, innovative businesses are spearheading climate innovation, advancing renewable energy, energy efficiency, sustainable agriculture, and circular economy models.
This award is aimed at recognising those forwarded-thinking enterprises that are working to develop a sustainable society and combat the effects of climate change. These enterprises have not only embraced environment-friendly practices for their organisations but also are creating mechanisms for other enterprises to imbibe green strategies in their core business models.
Young enterprises are encouraged to apply for this award under a thematic area that is relevant to their domain, product or service, which can include (but are not limited to):
- Industrial Carbon Footprint Reduction,
- Green Mobility,
- Innovative Waste Management Solutions,
- Natural Resource Management with Green Technology Solutions, among others.