NTT Ltd. Defines Strategic Framework To Drive Sustainability
India will be needing close to $10 trillion to meet its goals of net zero, or being able to effectively eliminate carbon dioxide emissions by 2070 as per analysis by climate and energy research firm, CEEW Centre for Energy Finance. Reaching net zero by 2050 is earth’s best chance this would keep the globe’s average temperature from exceeding 1.5C by the end of the century. To translate this target into reality, laying out a pathway to reduce emissions is going to be the next step. It will be necessary to transform the economy and its sectors. Businesses have a pivotal role to play in this. Businesses are already playing a key role in the climate fight, helped by the growing customer and investor focus on sustainability, as well as increasing regulatory and disclosure requirements.
Aspiring to achieve this goal, NTT Ltd a global technology and business solutions provider today announced a series of commitments to create a connected future that is both more sustainable and inclusive for all. It aims at reducing its carbon footprint by 2030, and aspires to achieve net zero emissions across its operations and its value chain by 2040. It is also driving towards powering its Global Data Center Division. This is an operation of almost 600,000m2 across 20 countries and regions with 100% renewable energy by 2030 as an urgent priority.
It also recently joined the United Nations race to zero campaign. This follows the company joining the Business Ambition Pledge for 1.5°Candcommitting to the Science Based Targets initiative (SBTi). These initiatives are regarded as the gold standard for corporate climate action. They aim to support businesses who are committing to ambitious targets to limit global warming to 1.5°C and avoid the worst effects of climate change.
Abhijit Dubey, Global Chief Executive Officer said, “As one of the largest technology companies in the world, we have an obligation to make the world a more sustainable place. Employees, customers and partners are demanding that companies become more purpose-led. This is a significant step for us, which will see NTT using technology not only to help the world become more sustainable, but also to be connected long into the future.”
The strategic framework of NTT is focused on accelerating sustainable and transformational change across three interconnected pillars:
The first pillar being a connected planet: This would be using technology solutions that help protect, restore, and regenerate the natural world, conserving precious natural resources for future generations. Develop new and expand on existing partnerships to scale technology solutions focused on the protection and regeneration of biodiversity and ecosystems on every continent it operates in support of a more positive future by 2025. Incorporate circular economy and regenerative design principles working in partnership across its operations, supply chain and client solution by 2026. Engage 50% of its employees in conservation and regenerative initiatives in their local communities in support of the UN SDGs and the UN Decade on Ecosystem Restoration by 2025.
The second being connected economy: Use trusted technology to help organisations thrive and make their contributions to a sustainable and more resilient digital future. Grow its portfolio of smart solutions to support its clients and partners in decreasing 200m tonnes of greenhouse gas (GHG) emissions by 2026. Establish a Sustainability Innovation Fund, review board and mentorship program to incubate ideas and scale the impact of climate tech and sustainable solutions and in support of the United Nations Sustainable Development Goals (UN SDGs).
Third being connected communities: Support diverse, inclusive, and accessible communities where NTT operates to ensure that everyone has the opportunity to realise their potential. Ensure that more than 50% of its workforce will belong to one or more of the diversity categories of gender, race, sexual orientation, socio-economic background and disability. To further reinforce this commitment, NTT will double the diversity of its executive leadership team with an emphasis on female representation by 2025. Provide 5 million young people and children from underprivileged areas across the world with digital access and education to reduce inequality and build critical skills and opportunities for a connected future by 2030. Enable and empower its employees to contribute 1 million hours of volunteering to support the initiatives forming the three interconnected pillars and in support of the UN SDGs by 2025.
Marilyn Chaplin, Chief Human Resources and Sustainability Officer, NTT, said, “We know that the greatest opportunity to make a positive impact is through our people, operations, and our core business solutions. This strategic framework gives us clear direction towards making a tangible difference across societies, the economy and our planet.”