White paper on tackling corporate carbon emissions released in Beijing

01:51

A new white paper outlining ways for corporate actors to achieve net-zero carbon emissions has just been released in Beijing. The United Nations Global Compact (UNGC), the world's biggest corporate sustainability initiative and the Boston Consulting Group (BCG) have jointly authored the paper.

The paper summarizes the climate regulations and policies adopted by different countries. And it discusses what it calls three key elements of any net-zero corporate roadmap.

These are inventory baselines, reduction goals and initiatives across different industries.

The document also outlines the best practices from 55 companies in the Americas, Europe, Asia and Africa.

Liu Meng, head for Asia Pacific, UNGC talks to CGTN. /CGTN

Liu Meng, Asia-Pacific Head with the UNGC, said: "The UN Secretary-General once said the world will benefit the Belt and Road Initiative (BRI) that accelerate the achievement of the Sustainable Development Goals. He also said the BRI can be a space that the green economy can happen. And companies and the private sector can play a very important role. And the launch of the report brings this opportunity and identify the green space where the green principles can be realized into green action."

Wu Xinyi, managing director and senior partner of BCG, says Chinese internet companies should take the lead in reducing carbon emissions. /CGTN

Companies could also mitigate the impact on climate by applying technologies to decarbonize the manufacturing process. For example, Lenovo, the world's largest personal computer maker, which has headquarters both in China and the U.S., implemented a low-temperature solder manufacturing technology in its PC manufacturing operations, reducing power consumption and carbon emissions by 35 percent.This innovation has been shared with other players.

Hawk Xu, CTO of Lenovo Global Supply Chain, talks to CGTN. /CGTN

Hawk Xu, CTO of Lenovo Global Supply Chain, said: "From Lenovo perspective, as a global company, it's not individual missions to promote the net-zero objectives, it's also [a] mission to promote this priority among our value chain and ecosystem. For Lenovo itself, we focus on green products and green value chain. We hope to share our technology and practice in the ecosystem and benefit others from all over the world."