Malaysia
PwC Insights
Business in bite-sized chunks
November 2022
"COP27 takes place this year amidst a challenging landscape of severe climate impacts, humanitarian challenges, ongoing recovery efforts from the pandemic, and a growing cost of living crisis. Progress since COP26 has not been as fast as urgently required. UNFCC's 2022 Nationally Determined Contributions (NDC) Synthesis Report, which shares information on countries’ efforts to achieve the objectives of the Paris Agreement, painted a bleak picture of what’s ahead. Even if all existing climate pledges were delivered, we would be heading for 2.4°C of warming by the end of this century, far ahead of the safe limit of 1.5°C. Businesses are one of the fastest, most effective agents of change in the world. Policymakers have a responsibility to power up markets, including businesses, investors, employees and consumers to deliver the change needed for a net zero future. In this issue, we've compiled our latest thought leadership to help you stay on top of key climate conversations."
Highlight
Closing the green infrastructure gap
With energy, industry and buildings responsible for more than 70% of global greenhouse gases (GHG), the transition is expected to cost US$93.2 trillion. Public funding alone will not be enough, but private capital tends to flow to developed nations instead of emerging markets. What are five priorities to spur opportunities to set up financial and regulatory systems to finance global green infrastructure? Read more
Feature
10 ways ESG is shaping the future of asset management
A recent global survey of asset managers and institutional investors reveal an industry in transition. Our analysis of market trends shows that there needs to be a radical overhaul of how value is defined and delivered. Read more
Leadership
Accelerating the net zero transition
The world needs to reduce the carbon intensity of economic activity by 15.2% a year, 11 times faster than the global average achieved over the past two decades. Businesses can consider these four priorities to address climate change and accelerate the net zero transition. Read more
Reporting
Weathering the storm of reporting
While climate risk may be significant to a business model, it may not necessarily have a material impact on financial statements. How can financial statement preparers and auditors ensure that the information is complete and accurate, when "climate change" is not mentioned by name in accounting and auditing standards? Read more
Tax
What’s the role of tax in tackling climate change?
In our latest Take on Tomorrow podcast episode, we speak to Danae Kyriakopoulou, Senior Policy Fellow at the Grantham Research Institute of the London School of Economics and Ian Milborrow, Sustainability and Climate-Change Partner at PwC UK on key concerns about net zero plans and what tax incentives can do to help accelerate the green transition. Listen here
Data
Considering the carbon impact of Big Data
Though Big Data can help solve climate change, data collection and storage is also part of the problem. Think about the number of emails you’ve written today. Studies have found that one standard email equates to around 5-10 grams of CO2e and this triples or quadruples with large file attachments. Read more
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