• The report examines the impact of multi-national companies’ net-zero plans on their supply chain.
• In her submission during the panel discussion, Miano emphasized the need for coordinated action across all sectors of the economy in transitioning to a net-zero emissions economy. KenGen employees participating in tree planting under the company’s Green Initiative Challenge (GIC) initiative. Kenya Electricity Generating Company PLC has distributed more than 1.9 million tree seedlings to communities and institutions as part of its efforts to reduce carbon emissions.
Managing Director Rebecca Miano said the tree seedlings, which is equivalent to 3,167 acres of forest cover, have been distributed over the last seven years.
The move has also supported the Government’s efforts to attain at least 10 per cent forest cover by 2022.
Miano made the revelation during a panel discussion following the launch of Standard Chartered Bank’s Carbon Dated Report on Thursday morning.
The report examines the impact of multi-national companies’ net-zero plans on their supply chain.
In her submission during the panel discussion, Miano emphasized the need for coordinated action across all sectors of the economy in transitioning to a net-zero emissions economy.
“Transitioning to a net-zero emissions economy requires coordinated action across all sectors of the economy supported by enabling policy frameworks. This is where suppliers are required by clients to take action with respect to the establishment of targets aimed at transitioning to net-zero emissions in tandem with their clients’ commitments,” she stated.
She called upon corporate organizations to take up their global responsibility by establishing programs aimed at transitioning to net-zero.
Other panellists were Kariuki Ngari, CEO Standard Chartered Bank Kenya and Peter Odhengo, Director, Climate Finance Unit at National Treasury.
The KenGen MD indicated that Kenya had submitted her updated Nationally Determined Contributions (NDC) to the United Nations Framework Convention on Climate Change (UNFCCC) in December 2020 making a commitment to abate greenhouse gas emissions by 32 per cent by the year 2030.