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This week The Innovator is focusing on how technology and innovation can help achieve the U.N.'s Global Goals.  Our latest articles include key takeaways from the World Economic Forum's Sustainable Development Impact Summit, an opinion piece from Kay Firth-Butterfield, the Forum's Head of AI and Machine Learning, on how to make AI greener, an interview with Theodor Swedjemark, ABB's Sustainability Officer, and an article about Forum Technology Pioneer Sinai Technologies, a startup that has developed a software platform that helps companies measure, analyze, price, and reduce carbon emissions.

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Innovator Founder and Editor-in-Chief Jennifer L. Schenker
 
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 -   N E W S   I N   C O N T E X T  -

During this week’s United Nations General Assembly, amid the news that no major economy is on track to meet the Paris Climate Accord, the World Economic Forum convened its annual Sustainable Development Impact Summit with the aim of  accelerating the U.N.’s 2030 Global Goals.

The scale of the challenges requires an unprecedented level of cooperation across borders and industries and increased collaboration with startup and scale-ups.

The Summit sought to act as a catalyst by highlighting concrete solutions that can be scaled and some of the innovative technologies and business models developed by the more than 1,300 entrepreneurs on its Uplink open innovation platform, startups and scale-ups in its Technology Pioneers and global innovators communities, and its Scale360° hubs, which bring together leaders in science, policy and business to figure out how to build lasting ecosystems for the circular economy.

Speakers at the conference stressed that governments and corporates must move faster and do more to meet the Global Goals. A flurry of announcements made during the summit  illustrate that business has gotten the memo. Read on for more on this story and to learn about the week's most important technology developments impacting business.

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A comprehensive 2020 study that assessed the potential impact of AI on the United Nations’ 17 Sustainable Development Goals found that the technology could positively enable 93% of the environmental targets, including the creation of smart and low-carbon cities; Internet-of-Things devices and appliances that can modulate their consumption of electricity; better integration of renewable energy through smart grids; the identification of desertification trends via satellite imagery; and combating marine pollution. In an OpEd Kay Firth-Butterfield, the World Economic Forum's Head of AI and Machine Learning, cautions that while AI can be a powerful tool in the fight against climate change its role as a contributor to emissions cannot be overlooked.  To ensure that AI becomes a major asset in the protection of the global climate she argues that we need to change our "bigger is always better" mindset and actively pursue AI use cases in the environmental space.
 
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 -   I N T E R V I E W  O F  T H E  W E E K  -

Theodor Swedjemark, ABB
Who: Theodor Swedjemark is Chief Communications and Sustainability Officer and a member of the Group Executive Committee of ABB.

Topic: ABB’s sustainability strategy and what other companies can learn from its journey.

Quote: "There are KPIs for sustainability the same way we have them for profits and revenues. We also have KPIs for other things such as safety or gender diversity and are continuously integrating more sustainability KPIs into our planning and performance management process. Our CEO and CFO review our businesses using those metrics together with all the standard financial KPIs. We are measuring those things on an ongoing basis because if you don’t measure it, you can’t fix it."
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 -  S T A R T U P  O F  T H E  W E E K  -

Corporate use of an internal price on carbon is becoming the new normal for major multinationals: In 2020 more than 2000 companies factored an internal carbon price into their business plans, representing an 80% leap over five years, according to CDP, a not-for profit organization that focuses on environmental impact reporting. The widespread adoption of internal carbon prices as a line in public companies’ budgeting and strategic planning illustrates the mainstreaming of climate change action. That’s where Sinai Technologies, a World Economic Forum Technology Pioneer, comes in. It has developed a software platform that helps companies measure, analyze, price, and reduce carbon emissions across their value chains. Customers include ArcelorMittal, Siemens, Bayer, and Brazilian meatpacking company JBS.
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 -  N U M B E R  O F  T H E  W E E K 

$1 Billion

Amount of money two U.S. billionaires said they will separately use to combat climate change. Microsoft co-founder and philanthropist Bill Gates announced September 20 that he had raised $1 billion in corporate funding for Breakthrough Energy Catalyst, to rally support for some of the world’s most demanding clean-energy projects. BlackRock is making a five-year, $100 million grant from its charitable foundation. Microsoft and the other backers - General Motors, Bank of America, American Airlines, Boston Consulting Group and ArcelorMittal- are providing a mix of equity capital and so-called offtakes, or purchase agreements tied to the projects. The same day Jeff Bezos pledged to spend $ 1 billion to conserve land and aquatic ecosystems in the Congo, the Andes, and The Tropical Specific Ocean, according to an announcement from the Bezos Earth Fund, the Amazon founder’s $10 billion environmental philanthropy. This new pledge brings the Earth Fund’s commitment thus far to nearly $2 billion, including more than $200 million in grants announced earlier this month, largely targeting grass roots environmental justice groups.  
 
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The Secret Behind Successful Corporate Transformations
Harvard Business Review

How To Diversify Your Business With Platforms: Lessons From Zoom And Other Companies
Association Of MBAs

New Research Busts Popular Myths About Innovation
Wall Street Journal
 

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