Chai Qimin: Carbon disclosure is like a health check

GoldenBee: Carbon peak and neutrality have become a new field for global competition. How do you think the corporate actions, like building C Team, will help Chinese enterprises develop in an ecology-first, green, low-carbon and high-quality manner and improve their international competitiveness?

Chai: With the challenges posed by carbon emissions, Chinese enterprises are facing and will continue to face both internal and external pressures.

On the one hand, there are carbon border adjustment mechanisms, carbon tariff policies, and technical standards for the carbon footprint of products. If Chinese enterprises do not speed up their efforts in improving capabilities, they may be locked out of the global market in the future.

On the other hand, China has pledged to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060 (China’s 30·60 Decarbonization Goal) and formulated policies to realize these goals. Accordingly, China has put forward a series of requirements for enterprises. Of course, a huge vessel takes more time to turn. Therefore, the regulation of carbon emissions will start from energy-intensive enterprises, such as those in electric, steel, petrochemical, chemical, non-ferrous and building materials industries, and then gradually shift to those in manufacturing and consumption sectors.

I think C Team has built a great platform for enterprises to raise their awareness of carbon peak, carbon neutrality and sustainable development.

In addition, other examples of sustainable development will also make enterprises realize that fulfilling the responsibility of decarbonization can generate win-win benefits. Green and low-carbon development does not stand in opposition to economic growth. Rather, it promotes high-quality and efficient development. Realizing carbon peak and carbon neutrality is of great benefit to the development of enterprises themselves.

GoldenBee: Do you have any suggestions for enterprises to fulfill their responsibilities of decarbonization?

Chai: First, be sure to make plans ahead of time. China has put forward the macro policies, goals and plans for 30·60 Goal. Chinese enterprises are bound to be constrained by related aspects, which in turn pushes enterprises to innovate. In this new green path, it is particularly important for enterprises to take initiative to make forward-looking plans for the sustainable development.

Second, actively integrate and mobilize all resources to optimize their structures. Many new platforms have emerged with new opportunities, such as carbon markets and green finance. Enterprises should learn how are these policies operated and apply these mechanisms rationally, as these new policies will inject a strong impetus for their development. Of course, enterprises should also improve their competitiveness and ability to cope with potential carbon barriers.

Third, enhance their capacity for technological innovation. Technological innovation is the core of enterprise’s innovation, which can provide necessary support and guarantee for improving enterprise’s competitiveness. In fact, China has shed new light on the development of green and smart technologies, such as new power systems, hydrogen-based metallurgy and chemicals and smart cities, which can be integrated with our existing infrastructure. Enterprises are the main force of innovation; their practices in innovation that meet the requirements of the times will not only bring them profits but also promote the development of the whole society.

Finally, work with governments and society for high-quality, low-cost carbon neutral solutions. In other words, enterprises should actively fulfill their social responsibilities and create value for society while promoting their own development. Enterprises should take into account their own interests and social sustainable development in their future development.

I think we can spread the knowledge of decarbonization to more young people through Day Day Up. Perhaps one of the concepts and ideas mentioned on the show will plant a small seed in the minds of the audience, which will help them make efforts for decarbonization in their future work.

At the same time, more “down to earth” dissemination can also let the audience understand that the knowledge related to “carbon” is not that serious, but instead is very “fashionable”.

I was previously interviewed by a fashion magazine, and the host is a fashion supermodel and a graduate student from MIT Business School. I asked the host why a fashion pioneer was concerned about climate change, and the host answered, “Climate is a new sexy.” Climate change and sustainable development are new sexy fashions, so we should spread them to the public better. That’s our original aspiration.