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Reading: Ethio Telecom – An African Model for UN-Driven Corporate Climate Action at COP29
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African News Herald > Blog > Business > Ethio Telecom – An African Model for UN-Driven Corporate Climate Action at COP29
Business

Ethio Telecom – An African Model for UN-Driven Corporate Climate Action at COP29

ANH Team
Last updated: November 15, 2024 10:27 pm
ANH Team
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Six Years of Commitment to Reforestation and Climate Resilience Inspire Call for Global Corporate-UN Collaboration

As the world focuses on climate goals at COP29 in Baku, Azerbaijan, a standout example of proactive climate action emerges from Africa. Ethio Telecom, Ethiopia’s leading telecom provider with over 130 years of history, has been at the forefront of a six-year tree planting initiative as part of Ethiopia’s Green Legacy program. This remarkable effort not only showcases a powerful local solution but also sets a promising model for global climate action through corporate partnerships with the United Nations.

Pioneering Climate Accountability Through Tree Planting

Since 2019, Ethio Telecom has led a comprehensive tree planting campaign to reforest areas affected by deforestation and drought. Over 3.8 million seedlings have been planted across 700 sites, with a dedicated budget exceeding 51.5 million Ethiopian Birr. This ongoing project not only helps reduce carbon emissions but also generates thousands of local job opportunities, creating positive socio-economic and environmental impacts.

In the most recent planting phase in 2024, Ethio Telecom engaged over 5,000 employees and collaborated with the Addis Ababa City to plant 500,000 new seedlings. This sustained commitment underscores Ethio Telecom’s role in corporate responsibility and community resilience.

A UN Climate Action Blueprint: Recognizing Corporate Contributions Worldwide

Amidst the COP29 negotiations, Ethio Telecom’s tree planting initiative within the broader ‘Green Legacy’ initiative presents a compelling case for corporate accountability and tangible impact. By adhering to a systematic reforestation plan, Ethio Telecom not only meets internal sustainability targets but also significantly contributes to Ethiopia’s national goal of planting 20 billion trees by 2025. This initiative serves as a potential model for a UN Climate Action Blueprint that could acknowledge and incentivize similar corporate efforts globally.

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Tree Planting

Unlocking Global Climate Impact Through UN-Supported Funding for Corporate Green Initiatives

The extensive commitment of Ethio Telecom prompts a broader question: What if the UN established climate-focused funding to bolster companies making meaningful environmental contributions? A UN-backed Climate Fund for Corporations could offer matching or initial funding to entities like Ethio Telecom, enabling these projects to expand and amplify their impact. By leveraging such a fund, the UN could direct resources towards corporate actions aligning with Nationally Determined Contributions (NDCs) and Sustainable Development Goals (SDGs) related to climate action and land conservation.

Ethio Telecom’s Story Calls for Climate Certification: A Standard for Corporate Impact Transparency

Ethio Telecom’s project exemplifies transparent and measurable impact, qualities that could be formalized into a UN-endorsed climate action certification for corporations. Such a certification would promote accountability by recognizing companies meeting specific impact criteria in their climate initiatives on a global scale. Ethio Telecom’s track record of reforestation and environmental stewardship could serve as a guideline for these standards, showcasing the benefits of sustainable investment to other companies.

Conclusion

With Ethio Telecom’s six-year reforestation initiative as a beacon, the call for corporate environmental responsibility grows louder as leaders convene at COP29. This African success story not only inspires hope but also urges the UN to deepen its collaboration with corporations worldwide. Ethio Telecom’s tree planting efforts underscore the potential of strategic UN-corporate partnerships in driving impactful climate change mitigation and resilience.

Ethio Telecom is prepared to further collaborate with international bodies like the UN to scale these impacts and inspire others. With appropriate structures and incentives, similar initiatives can be replicated globally, making corporate contributions a vital force in combatting climate change.

See also  Afreximbank Asserts Africa’s Climate Position At COP29; Advocates For A Just And Equitable Energy Transition For Economic Development

About Buna Kurs Media:

Buna Kurs Media serves as an African independent information hub, sharing inspiring African stories with global audiences and highlighting impactful initiatives often underrepresented in mainstream media. The mission is to amplify African voices and achievements contributing to global dialogues.

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