Know more about The Cooler Earth Sustainability Summit 2019 here.

The Cooler Earth 2020: Recovery, Resilience, Responsibility 

Environmental and social injustice are driving issues such as biodiversity loss, disappearing coastlines, disruptive protests, to name a few. These pose risks to communities and businesses including the financial sector that are too large to ignore. The climate emergency movement has reached a tipping point. Millions of youth activists in cities worldwide took to the streets last year to protest government and corporate inaction over the climate crisis. 

Meanwhile, Bank Negara Malaysia, a member of the Central Banks and Supervisors Network for Greening the Financial System (NGFS), has issued a climate change taxonomy for consultation, signalling upcoming policy changes and expectations for banks to better account for climate-related risks. Early this year, for the very first time, a European bank saw its shareholders file a Climate Change Resolution against it, demanding divestment from carbon-intense industries. Brands are being called out for racism and their leadership ousted after toxic work cultures were exposed. 

 

Amid the social and environmental unrest, Covid-19 has taken a global toll on economic systems. As we emerge into a new normal, businesses can take this opportunity to rebuild with resilience. The strategies that helped some businesses to weather the pandemic better than others are the same that contribute to a healthy response and recovery. During the recovery phase, businesses have the option to make sustainable choices for a more resilient business better equipped to handle future crises. It is a choice between recovering responsibly versus a growth-at-all-costs approach. 

 

Businesses and financial institutions that will thrive in a post-pandemic world are those that are able to anticipate the financial and business risks associated with sustainable practices, as well as the opportunities. A sustainable, resilient future will need businesses to look at the triple bottom-line concept – People, Planet, Profits – with a new lens, one that goes beyond a trade-off mentality to use business as a force for good and provoke significant action amid the mounting pressures related to economic, environmental, social and governance factors. Only then can businesses recover stronger from the pandemic. Businesses need to focus on recovery, resilience and responsibility. This needs to happen today, not tomorrow. 

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Event Partners

Beyond the Triple Bottom-Line: Rewiring Businesses

This year, The Cooler Earth 2020 will continue to ‘dialogue for action’, engaging with businesses and communities on tangible actions on sustainable development, as well as the impact on each other that these actions will have. The hope is for the collective commitment and action to be effective in shaping a liveable planet and a desirable future – hence a “Cooler Earth”. The Summit focuses on concrete steps that businesses, communities, policymakers and financial institutions can take in delivering on commitments through ideas and conversations that account for post-COVID realities with responsible business practices tied to sustainability and green growth

 

In fulfilling CIMB’s purpose of Advancing Customers and Society, we continue in our mission to mobilise industry experts, leaders, financiers, investors, policy- and decision-makers to change the paradigm of business and finance. Join us for thought-provoking, pragmatic and persuasive conversations with those who are championing sustainable development.

Session Content Overview

Session 1 | Profits With A Purpose

Week of 8 September 2020

Session 2 | Regulation And Board Intervention

Week of 22 September 2020

Session 3 | Business And Climate Consciousness

Week of 6 October 2020

Session 4 | Business And Society

Week of 20 October 2020

Session 5 | Business And Environment

Week of 3 November 2020

Session 6 | ESG Financing For Businesses

Week of 17 November 2020

Beyond the Triple Bottom-Line: Rewiring Businesses

Climate change and social inequality are driving issues such as biodiversity loss, disappearing coastlines, disruptive protests, to name a few. These pose risks to communities and businesses including the financial sector that are too large to ignore. Extreme weather events in Malaysia in 2017 caused more than USD7.2 million in damage. PG&E, owner of California’s largest electric utility, recorded a $10.5 billion charge following the Camp Fire, and in 2019 faced one of the largest bankruptcies in history attributed directly to climate change. 27.2 million acres of land have been burned in the 2019 Australian fires. Early this year, for the very first time, a European bank saw its shareholders file a Climate Change Resolution against it, demanding divestment from carbon-intense industries. 

The climate emergency movement has reached a tipping point. Millions of youth activists in cities worldwide took to the streets last year to protest government and corporate inaction over the climate crisis. 1,400 local governments in 28 countries have declared a climate emergency or formally recognised climate change as a threat of national concern. Countries from the UK to Papua New Guinea have committed to net-zero emissions by 2050. Meanwhile, Bank Negara Malaysia is a member of the Central Banks and Supervisors Network for Greening the Financial System (NGFS) and has recently issued a climate change taxonomy for consultation, signalling upcoming policy changes and expectations for banks to better account for climate-related risks.

Businesses and financial institutions that will thrive in this changing world are those that are able to anticipate the financial and business risks, as well as the opportunities. A sustainable future will need businesses to look at the triple bottom-line concept – People, Planet, Profits – with a new lens. One that goes beyond a trade-off mentality to use business as a force for good and provoke significant action amid the mounting pressures related to economic, environmental, social and governance factors. This is the new growth equation. Businesses need to rethink the way business is done. This needs to happen today, not tomorrow. 

Business and Banking for the Future: The Cooler Earth Sustainability Summit

This year, The Cooler Earth 2020 will continue to ‘dialogue for action’, with a special focus on concrete steps that businesses and financial institutions can take, as well as the impact on each other that these actions will have. The hope is for the collective commitment and action to be effective in shaping a liveable planet and a desirable future – hence a “Cooler Earth”.

 

In fulfilling CIMB’s purpose of Advancing Customers and Society, we continue in our mission to mobilise industry experts, leaders, financiers, investors, policy- and decision-makers to change the paradigm of business and finance. Join us for thought-provoking, pragmatic and persuasive conversations with those who are championing sustainable development. 

Embrace The New Growth Equation: Profits With A Purpose

Week of 8 September 2020

04:00pm – 04:10pm | WELCOME NOTES - Are you in denial? Save our planet, save your business

Speaker:

 

Luanne Sieh

Head Group Sustainability

CIMB Group

04:10pm – 04:50pm | INSIGHTS - Why is it time to rethink triple bottom-line?

Speaker:

 

John Elkington

Founder and Director

Volans

04:55pm – 05:55pm | PANEL DISCUSSION- Sustainability post-covid-19

Speakers:

Richard Hatchett
CEO
Coalition for Epidemic Preparedness Innovation (CEPI)

Dr. Mark Greeven

Professor of Innovation and Strategy
International Institute for Management Development

Jo Reyes
Director
Global Business Initiative on Human Rights

Hanna Alkaf
Author and Founder

of #KitaJagaKita 

Stéphane Hallegatte
Lead Economist
Global Facility for Disaster Reduction and Recovery (GFDRR)

World Bank

Moderator:

Dr. Kishore Ravuri
Chief Impact Officer
Impacto

06:00pm – 06:40pm | INSIGHTS - Is Social Entrepreneurship A Profitable Model?

Speaker:

 

Ganesh Muren

Founder
Saora Industries

06:40pm – 07:20pm | CALL-TO-ACTION - Participate to normalise green behaviour towards big impact

Speaker:

 

Inger Andersen

Head, United Nations Environment Programme

Embrace The New Growth Equation: Regulation And Board Intervention

Week of 22 September 2020

04:30Pm – 04:40pm | WELCOMING NOTE - Leadership For Change

Speaker:

 

Su Yin Teoh

Board Member

CIMB Group

04:40pm – 05:10pm | INSIGHTS - Are You Ready? Tough Regulations; But With Incentives

Speaker:

 

Dato’ Seri Ir. Dr. Zaini Ujang

Secretary-General

Ministry of Environment and Water

05:10pm – 05:40pm | CALL-TO-ACTION - Intervene And Drive Action – Boards And Their Role

Speaker:

 

Philippe Joubert

Founder and CEO

Earth on Board

05:45pm – 06:45pm | FIRESIDE CHAT - Climate Transition And The Role Of Boards

Speakers:

Karina Litvack
Founder
WEF Climate Governance Initiative 

Datin Seri Sunita Rajakumar

Founder

Climate Governance Initiative

Moderator:

 

Adam Ng

WWF

Embrace The New Growth Equation: Business And Climate Consciousness

Week of 6 October 2020

09:00am - 09:10am | WELCOMING NOTE - Our House Is On Fire

Speaker:

 

Luanne Sieh
Head Group Sustainability
CIMB Group

09:10am – 10:10am | PANEL - Climate Mobilisation – A Collective Responsibility

Speakers:

Rebecca Henderson
Harvard Business School Professor and Author
Reimagining Capitalism In A World On Fire

Margaret Klein Salamon
Founding Director
The Climate Mobilization

Dr. Simon Lord
Sime Darby Plantation

Alzbeta Klein
Director and Global Head
Climate Business, IFC

Ralph Dixon
Director of Environmental Investments
YTL Corporation

Jaime Augusto de Ayala
CEO and Chairman
Ayala Corporation

Moderator:

Datin Seri Sunita Rajakumar
Corporate Governance Initiative Malaysian chapter

10:15am – 10:45am | CALL-TO-ACTION - Do The Right Thing : Make Choices For A Better Tomorrow

Speaker:

 

Marco Lambertini
Director General

WWF International

Embrace The New Growth Equation: Business And Society

Week of 20 October 2020

04:00pm – 04:10pm | WELCOME NOTE - Advancing Customers And Society

Speaker:

 

Luanne Sieh
Head Group Sustainability

CIMB Group

04:10pm – 04:50pm | INSIGHTS - Protecting Migrant Workers’ Rights: Lessons From Hp

Speaker:

 

Nate Hurst
Chief Sustainability & Social Impact Officer

HP

04:50pm – 05:20pm | CALL-TO-ACTION - Drive Purpose By Putting People First

Speaker:

 

Dato’ Hamidah Naziadin
Chief People Officer

CIMB Group

05:20pm – 06:35pm | MASTERCLASS - How To Assess And Identify Supply Chain Risks

Speaker:

 

Jet Urmeneta
Capability Building Manager

VERITÉ

Embrace The New Growth Equation: Business And Environment

Week of 3 November 2020

09:00am – 09:10am | WELCOME NOTE - Protecting The Environment For A Greener Planet

Speaker:

 

Luanne Sieh
Head Group Sustainability

CIMB Group

09:10am – 09:40am | INSIGHTS - Removing Waste From The Equation: Lessons From Subaru

Speaker:

 

Denise Coogan
Environmental Partnership Manager

Subaru America

09:40am – 10:10am | CALL-TO-ACTION - Partner With Your Supply Chain Stakeholders For Big Impact

Speaker:

 

Jesper Brodin
CEO

IKEA

10:10am – 11:25am | MASTERCLASS - Sustainability Tools & Resources For Environmental Risk Management

Speaker:

 

Sylvain Augoyard & Adrian Fenton
WWF

Embrace The New Growth Equation: ESG Financing For Businesses

Week of 17 November 2020

04:00pm – 04:10pm | WELCOME NOTE - Leading Change For The Financial Sector

Speaker:

 

Luanne Sieh
Head Group Sustainability

CIMB Group

04:10pm – 05:10pm | PANEL - Changing Financing Requirements And Impacts On Customers

Speakers:

Gurdip Singh Sidhu
Group Chief Strategy and Design Officer
CIMB Group

Siobhan Toohill
Group Head of Sustainability
Westpac (Australia)

Kylie Macfarlane
General Manager Corporate Responsibility

Commonwealth Bank of Australia

Yulanda Chung
Head of Sustainability
DBS Bank

Moderator:

Mikio Kumada
LGT Capital Partners
Global ESG Committee

05:15pm – 05:35pm | CALL-TO-ACTION - Reboot Your Business For A Better Tomorrow

Speaker:

 

Rob Coombe
Sustainability Sponsor on the Group Board of Directors

CIMB Group

05:35pm – 06:35pm | MASTERCLASS -Understanding The Financial Impacts Of Climate Change

Speaker:

 

Megan Lawson
Country Partner

ERM

Carbon Offset Partners

In 2020, we are offsetting our carbon footprint from the following projects:

Carbon Offset

Towards a Carbon-Neutral Summit

For an event where climate change and green finance is on the agenda, we made sure that the potential footprint from the summit itself does not fall to the wayside amid all the high-level engagement. We are pleased to share that this summit aims to be a carbon-neutral event in line with its principles – from sourcing for F&B and summit materials, to digitising all conference communications and offsetting delegates’ carbon emissions from event energy use, travel, etc. 

Participation in The Cooler Earth summit is complimentary. In the spirit of awareness and personal responsibility, we encouraged delegates to voluntarily offset their average carbon footprint from participating in this event.

Why is Carbon Footprint Important?

The 5th Assessment Report on climate change by the IPCC shows that the increase in greenhouse gas (GHG) concentrations over the past 100 years has predominantly been caused by human activities.

GHG like carbon dioxide, methane and nitrous oxide trap heat on the Earth’s surface, leading to rising global temperatures and the climate crisis, which give rise to adverse effects such as frequent natural disasters, sinking coastlines, habitat loss, and other threats to life.

Carbon footprint is the measure of GHG released into the atmosphere from human activity. Driving, using electricity and eating meat are examples of our personal carbon footprint. Our collective carbon footprints add up to the climate emergency that we are facing.

Carbon footprint is usually measured in tonnes of carbon dioxide (CO2) equivalent. You can find out more and calculate your personal carbon footprint here.

What is the carbon footprint of this Summit? What is my own contribution to this?

The total carbon emissions of The Cooler Earth Summit has been calculated to be around 200 tonnes Carbon Dioxide equivalent (200 tCO2e). This is equivalent to 20 flights around the circumference of the world or 843,162 km travelled by an average car. To put this into perspective, it would take 250 trees a period of 40 years to absorb all the carbon emitted, assuming we plant them tomorrow - just for this 2-day conference!

 

The single biggest contributor is participant and speaker travel (78%), followed by venue (10%), accommodation (6%) and meals (5%). The estimated carbon emission per delegate is around 0.2 tCO2e. Our world is facing an unprecedented threat and everyone should take urgent action to mitigate this threat. We need to do beyond what is required to ensure that we are going to make a difference. Therefore, in addition to just offsetting the emissions from this Summit, we have committed to offset an additional 5 times of what the conference is generating, so that the conference has an overall positive impact on the environment.

 

In 2019, each and every participant were able to offset at least 1 tCO2e, as their own contribution to the Summit. Offsetting 1 tCO2e incurred a cost of EUR10 (RM47), and this was through purchasing certified carbon credits from a verified carbon reduction project.

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