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Government Intervention and Collaborative Efforts to Drive Climate Performance
The chapter discusses the limitations of self-regulatory structures in addressing climate change and emphasizes the need for government intervention, such as implementing a carbon pricing mechanism. It highlights the importance of large companies setting expectations for their supply chain to adopt science-based targets and reduce emissions. The speakers also emphasize the need for collaboration across the value chain, even among competitors, and mention the importance of board members possessing the necessary skills to drive change.