How to create value from climate change for businesses

18-07-2017
How to create value from climate change for businesses

A new handbook to help businesses generate value from climate change is the first outcome of the Lebanon Climate Act (LCA), produced with support of the ClimaSouth project, funded by the European Union (EU). The guidebook, primarily intended for businesses in Lebanon is designed to assist companies to kick start their process of corporate climate action. 

The aim is to contribute to the collaborative and solution-oriented engagement of the Lebanese private sector in the fight against climate change, while generating lessons which may be cohesively up scaled in the wider Mediterranean region. Ultimately, the idea is that businesses may inspire governments to greater ambition in moving towards a low carbon economy that reconciles climate objectives with competitiveness.

The publication has been designed to help build a dedicated task force for climate action within companies. Each of the eight steps helps develop a set of concrete actions to align their environmental actions with stakeholders’ requirements as well as governments commitments. Exercises and relevant advice related to the most practical aspects of the development and implementation of a corporate climate change strategy are provided. Specific guidance  is also given on how to measure greenhouse gas emissions produced by private companies. A case study at the end of the guidebook provides a concrete example of the application of the main tools presented.

The Lebanon Climate Act is supported by the Lebanese Ministry of Environment and implemented by the Green Mind NGO  in partnership with Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon (FCCIAL) , the Central Bank of Lebanon and the United Nations Development Program (UNDP).  The mainstreaming initiative and training program for the establishment of the Business Knowledge Platform is implemented in collaboration with the ClimaSouth project, funded by the European Union (EU).