Paving the way for a low-carbon future
To create a global policy framework for this, 195 countries adopted the Paris Agreement at the UN Climate Change Conference in 2015. Now that the long term goal of a net zero economy by the second half of this century has been set, the transition to a thriving and low-carbon economy will be accelerated. For example, the Paris Agreement states that all national climate action plans must be reviewed and improved every five years.
According to DSM's CEO, Feike Sijbesma, who attended the Conference, “With the Paris Agreement – which has now entered into force - world leaders collectively embrace an accelerated transition to a low-carbon economy. Royal DSM is deeply committed to continuing to combat climate change: by reducing the impact of our own operations, by enabling our customers through providing low-carbon products and solutions and by advocating and raising our voice on, amongst other things, renewable energy and carbon pricing. The longer we fail to address climate change, the higher the costs of adaptation for future generations.”
At DSM, we believe that effectively tackling climate change is both a responsibility and a business opportunity. We are therefore focusing on:
Impact on people and planet
Climate change affects both people and the planet. Global warming has already had a major impact on nature, including biodiversity loss, ocean acidification and more frequent extreme weather events such as droughts and floods. This environmental damage, in turn, affects human needs such as clean air, access to water, food production, the availability of productive land and consequently health. At DSM we understand the strong link between the environment and social development. That is why we engage in the broader United Nations sustainable development agenda and work with our global partners to improve nutrition.
Bio Renewable Age
A shift from the current fossil fuel based energy system, to what we call the “(Bio-) Renewable Age” is needed. We aspire to a low carbon economy, where goods and services are produced, traded and used in a sustainable manner. The world needs competitive alternative energy systems, which increasingly include sustainable biomass, solar, wind and hydro. Collaboration between businesses, scientists, governments and civil society is needed to enable and fast-track this needed transition.