Making a special presentation, he made this point clear when he addressed the forum organized by the Carbon Consulting Company (CCC) for Tom Popple, Senior Manager, Climate Change and Sustainability, Natural Capital Partners to inspire and inform Sri Lankan business leaders on the value of taking credible climate action held at Kingsbury Hotel, Colombo on Wednesday.
Prof. Munasinghe said that society meets the basic needs of the people especially the poor and vulnerable, including food, water, energy, health education, livelihoods, shelter, while ensuring peace harmony, inclusive reconciliation, social justice and security, adding: “We will follow the middle path based on balanced inclusive green growth”.
He said a thriving and dynamic economy with a high quality of life that is resource efficient, advanced, stable and resilient to stocks availability should respect critical environmental and social sustainability constraints.
He indicated the green environment builds on Sri Lankan’s traditional respect for nature and keeps the country’s resource use and ecological footprint within the sustainable bio-capacity of the country.
Mr. Popple, presenting his talk, elaborated on the seven components of building a credible and successful net zero programme, through a Net Zero model and indicated that evidence shows that profitable businesses have ambitious sustainability programmes.
He said that a wider group of stakeholders are now engaged with the sustainability performance of a company, including investors, employees, customers and civil society. The role of social media has driven greater transparency in the business sector and also provided new opportunities for sustainable businesses to create brand value. He said that a credible net zero emission programme, as part of an ambitious sustainability programme, is now a critical risk management strategy.
He said that the global climate change negotiation process at government level via the United Nations Framework Convention on Climate Change (UNFOCC) has called upon business leaders to contribute to the development of the net zero economy. In response to that call to action, Natural Capital Partners created a series of ‘Talanoa’ Dialogues to understand the views of business leaders, he pointed out.