Net Zero Pakistan has been announced as an official Accelerator of the UN-backed Race to Zero campaign, becoming the first region-wide initiative from the Global South to be recognised under this platform.
The team at Net Zero Pakistan congratulates its 22 member-companies for this milestone, which collectively contribute to 15-20% to the country’s exports. These include AGI Denim, Al-Karam Textile, Al-Karam Towel, Al-Rahim Textile, Artistic Milliners, Crescent Bahuman, Interloop, Gohar Textile, Gul Ahmed, Liberty Mills, Lucky Textile, Mahmood Group, Masood Roomi, Midas Safety, Sadaqat Limited, Sapphire Finishing, Sapphire Textile, Siddiqsons, Soorty Enterprises, Tetra Pak, US Apparel, and Yunus Textile.
Launched in 2020, Race to Zero works to build global momentum for the sprint towards net zero targets. The campaign aims to rally non-state climate leaders and decarbonisation initiatives around the world to successfully achieve net zero emissions by 2050. It is the bold ambition from Pakistan’s leading companies to achieve science-based net zero targets that has enabled Net Zero Pakistan to be recognised at this global UN-backed platform.
The UN Race to Zero Climate Action Champion, Nigel Topping, said about Net Zero Pakistan: “Our campaign Accelerators are critical to winning the Race to Zero and so we are delighted to welcome Net Zero Pakistan as our latest Accelerator. COP26 marked the starting line; now, the race is on to rapidly reduce emissions and reach a resilient net-zero world in time.”
Convened by the Pakistan Environment Trust, the Net Zero Pakistan coalition was launched in August 2021 to serve a national collaboration between pioneering companies, public institutions and sectoral experts to deliver the goal of net zero carbon for Pakistan by 2050. Net Zero Pakistan contributes to the global Race to Zero mission by supporting sustainable transition in the country.
“We are thrilled about our partnership with Race to Zero, and proud to be moving towards a resilient zero-carbon recovery,” said Talha Khan, the Executive Director of Pakistan Environment Trust. “Being a part of Race to Zero will give the member-companies of Net Zero Pakistan access to a global network of sustainability leaders. It’s an opportunity to share knowledge and build alliances at a global scale!” he added.
Net Zero Pakistan seeks to provide a host of benefits to its members by enabling the transition to sustainable renewable energy, boosting export quality, capping industrial pollution, and making the local economy sustainable as a whole. The coalition aims to mobilise $1Bn of catalytic finance to drive industrial decarbonisation, enable companies to demonstrate their sustainability credentials to global buyers, as well as nurture a good environment for effective climate policy action.
In parallel, the Pakistan Environment Trust is also developing a voluntary carbon offsets market in Pakistan, and are working on ecosystem restoration with a focus on species reintroduction animal conservation.
For more information on Net Zero Pakistan, reach out to [email protected] or visit its webpage here.
