Despite challenging geopolitical and economic headwinds, 2024 witnessed a historic acceleration in corporate climate leadership. Over 20,000 companies worldwide committed to ambitious climate goals through initiatives such as the SME Climate Hub and the Business Renewables Center. Executives across industries increasingly recognize that transitioning to renewable energy and setting science-based targets are not only imperative for the planet but essential for long-term business viability. The surge in climate commitments is supported by practical resources for supply chain decarbonization, disclosure improvements, and advocacy for robust climate policies. Notably, renewable energy adoption exploded where policy certainty existed, exemplifying how policy frameworks can unlock exponential clean technology growth. This momentum was showcased at COP29, where over 25 major events amplified the vital role of private sector action in meeting global net-zero commitments.
For detailed analysis: https://weforum.org/stories/2024/07/social-innovation-companies-impact-brand
