illuminem summarizes for you the essential news of the day. Read the full piece on Business Mirror or enjoy below:

🗞️ Driving the news: Companies are increasingly adopting green practices, integrating disaster risk reduction, reducing carbon footprints, and shifting to renewable energy
• The focus is evolving from linear to circular economies and from resilience to sustainability, aiming for net-zero emissions

🔭 The context: Net zero differs from carbon neutrality, while carbon neutrality balances emissions by purchasing carbon credits, net zero aims to cut emissions to a minimal residual amount absorbed by nature and other measures

🌍 Why it matters for the planet: Achieving net zero is critical to limiting global temperature rise to 1.5 degrees Celsius, aligning with international climate action goals
• The private sector's proactive role is essential in advancing these objectives despite the lack of formal government commitments

⏭️ What's next: The Net Zero Carbon Alliance (NZCA) seeks to expand partnerships and encourage more companies to commit to net-zero goals by 2050
• The creation of the Net Zero Media Network aims to enhance the quality of reporting on sustainability initiatives

💬 One quote: "We need accurate and impactful media coverage about these issues and why they matter to everyone," said Lloyd Cameron, Economic and Climate Counsellor, British Embassy Manila

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