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Sustainability will remain at the heart of business drivers
People walk at the green zone of the Sharm el-Sheikh International Convention Centre, during the COP27 climate conference in Egypt's Red Sea resort city of the same name, on November 9, 2022. PHOTO | AFP
Sustainability moved from the mainstream to become a global agenda this year. COP 27 took place in Egypt and was christened the CoP of action and implementation resulting in an intentional attempt to leverage all actors to accelerate the action of climate action.
Currently, 70 per cent of global carbon emissions can be attributed to the activities of the private sector and there is a need to ensure that these emissions are substantially reduced to become net zero by 2050 to achieve the ambitious targets of the Paris Agreement.