BCSD Australia CEO on Sustainable Development

The video discusses Australia's climate change plan, unveiled by the Prime Minister, in the context of upcoming negotiations in Glasgow. It explores the plan's potential impact on achieving Net 0 by 2050 and the role of businesses in this transition. The discussion highlights the need for strong supply chains, a resilient economy, and the challenges posed by the global energy crisis. It also addresses the importance of corporate responsibility, the risk of greenwashing, and the need for harmonized reporting standards to track progress effectively.

What is the main purpose of Australia's climate change plan as discussed in the first section?

• To improve healthcare

• To reduce taxes

• To prepare for negotiations in Glasgow

• To increase fossil fuel production

According to the second section, what is crucial for businesses to thrive during the transformation?

• Increased government subsidies

• Strong supply chains and a supportive financial system

• Higher consumer prices

• More advertising campaigns

What is the significance of the year 2030 in the context of climate goals?

• It is a midway check for progress towards net zero by 2050

• It is the year when fossil fuels will be banned

• It marks the end of the Paris Agreement

• It is the deadline for all countries to achieve net zero

What recent reports have increased the urgency for climate action?

• Reports from the World Health Organization

• Reports from the World Bank

• Reports from the IPCC and the UN

• Reports from the International Monetary Fund

What is the business community's attitude towards transforming to a cleaner economy?

• Reluctant and resistant

• Indifferent and passive

• Confused and undecided

• Eager and committed

What is a key concern for businesses regarding the government's updated climate pledge?

• It will decrease international trade

• It will lead to job losses

• It lacks actual emissions reductions between now and 2030

• It will increase taxes

What is necessary to distinguish meaningful corporate action from greenwashing?

• Higher profit margins

• Increased marketing efforts

• Harmonized reporting standards

• More government regulations