CLIMATE BUSINESS INDEX

introduction

The Paris Agreement, which have been effective sine 2016, is a milestone in the history ofclimate politics showing the world’s commitment to low-carbon transition and climate- resilient development. Signing this Agreement and handing the Nationally Determined Contribution has demonstrated the determination of Vietnamese Government in responding to global climate change.

“WE ARE THE FIRST GENERATION TO BE ABLE TO END POVERTY, AND THE LAST GENERATION THAT CAN TAKE STEPS TO AVOID THE WORST IMPACTS OF CLIMATE CHANGE. FUTURE GENERATIONS WILL JUDGE US HARSHLY IF WE FAIL TO UPHOLD OUR MORAL AND HISTORICAL RESPONSIBILITIES.”

Ban ki-moon. Former Secretary-General. United Nations

To achieve this, Viet Nam have to mobilize resources to ensure that both public and private sectors have ambition and capacity to implement accelerated climate action at scale. However, the lack of transparency and climate-related data from companies has discouraged not only governments but also investors who are interested in climate-friendly investments. As Viet Nam faces pressure for emissions mitigation and threats of increasing number and severity of extreme weather events, it is urgent that companies better

understand climate change and its implications on their businesses to serve both themselves and the nation towards sustainable development goals. United Nation Development Program (UNDP) has long been accompanying Viet Nam on the sustainable development path. Since May 2019, we introduce the Climate Business Index - a national disclosure and assessment system to the enterprise community in Vietnam. Because in climate change, we not only see challenges, we also see opportunities.

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