Post by account_disabled on Feb 13, 2024 23:15:48 GMT -10
The initiative will connect clients, capital markets and science, providing solutions to accelerate net zero strategies from natural assets Mexico City, December 19, 2023 – EY, a leading firm in professional audit, tax, consulting, strategy and transaction services, announced during COP28 the launch of its business solutions center focused on creating value with nature . The EY Nature Hub is a pioneering project that aims to develop solutions for companies and governments that depend on the intensive use of natural resources, while at the same time seeking to create sustainable development and positive social impact in the transition to a low-carbon economy. . The hub focuses on hard-to-decarbonize sectors, food systems, biofuels, infrastructure, natural resources and energy systems. “ With the hub, our mission is to find new paths and solutions for the development of sustainability frameworks in order to act on the main deficiencies of a market that has not taken into account the potential of nature as an ally in the generation of capital financial. In addition to projects focused on mitigation, the initiative will also work to develop climate adaptation solutions, a growing cost that will impact companies for years to come.
The EY Nature Hub will also function as a laboratory to amplify solutions that can solve problems already known by organizations, which have not considered nature in corporate strategies and decision making ,” explains Ricardo Assumpção, Lead Sustainability Partner for EY. Latin America. The EY Nature Hub aims to act as a nexus connecting climate, biodiversity and society, including some of the main market issues such as supply chain risks, regulation, value creation with biomes Bosnia and Herzegovina Phone Number List and biodiversity, the fight against deforestation and the financial instruments that allow sustainable development. In addition, the hub will work to evolve data systems and the reliability of information, which will be essential to improve the business models of companies with a strong relationship with nature. “ In addition to technical capacity in sustainability issues, our professionals also have specific knowledge of different markets and sectors of the economy, such as the food and beverage industry, financial institutions, consumer industries, mining, agribusiness, among others, ” says Assumpção.
CFO in sustainability reporting The main agendas that will be worked on in this first launch stage are decarbonization throughout the entire value chain, circular economy business models with positive environmental impact, comprehensive solutions based on nature, business transformation to incorporate nature as a solution, the preservation of biodiversity, the development of ecosystem services and adaptation to climate change. Another differential of the Nature Hub is precisely in the ability to build businesses with a greater positive impact on nature and transform it into an ally, in addition to providing scale in science and innovation solutions. «The solutions that we are going to propose through the hub have two aspects: value creation and risk reduction. They highlight points such as positioning the premium value of sustainable products, and the reduction of production costs through the capture of green raw materials and the development of sustainable businesses. In addition to the financial impact, the social and environmental benefits are essential in the short and long term. There are no longer business plans and sustainability plans, there are sustainable business plans,” says the executive. Market data indicates untapped potential in renewable energy sectors, such as hydrogen, and considerable risk of supply chain disruption and price volatility if appropriate investments are not made. Latin America has natural assets that are a solution to climate warming. “This data brings us a little of the greatness of the market and the potential opportunities in the region, and this is a global initiative that will serve everyone.
The EY Nature Hub will also function as a laboratory to amplify solutions that can solve problems already known by organizations, which have not considered nature in corporate strategies and decision making ,” explains Ricardo Assumpção, Lead Sustainability Partner for EY. Latin America. The EY Nature Hub aims to act as a nexus connecting climate, biodiversity and society, including some of the main market issues such as supply chain risks, regulation, value creation with biomes Bosnia and Herzegovina Phone Number List and biodiversity, the fight against deforestation and the financial instruments that allow sustainable development. In addition, the hub will work to evolve data systems and the reliability of information, which will be essential to improve the business models of companies with a strong relationship with nature. “ In addition to technical capacity in sustainability issues, our professionals also have specific knowledge of different markets and sectors of the economy, such as the food and beverage industry, financial institutions, consumer industries, mining, agribusiness, among others, ” says Assumpção.
CFO in sustainability reporting The main agendas that will be worked on in this first launch stage are decarbonization throughout the entire value chain, circular economy business models with positive environmental impact, comprehensive solutions based on nature, business transformation to incorporate nature as a solution, the preservation of biodiversity, the development of ecosystem services and adaptation to climate change. Another differential of the Nature Hub is precisely in the ability to build businesses with a greater positive impact on nature and transform it into an ally, in addition to providing scale in science and innovation solutions. «The solutions that we are going to propose through the hub have two aspects: value creation and risk reduction. They highlight points such as positioning the premium value of sustainable products, and the reduction of production costs through the capture of green raw materials and the development of sustainable businesses. In addition to the financial impact, the social and environmental benefits are essential in the short and long term. There are no longer business plans and sustainability plans, there are sustainable business plans,” says the executive. Market data indicates untapped potential in renewable energy sectors, such as hydrogen, and considerable risk of supply chain disruption and price volatility if appropriate investments are not made. Latin America has natural assets that are a solution to climate warming. “This data brings us a little of the greatness of the market and the potential opportunities in the region, and this is a global initiative that will serve everyone.