Suresh Narayanan on the Role of the Private Sector in Climate Change

<p>The role of the private sector in facilitating the climate transition journey of our world has been much talked about recently. While many corporations, including those in the fossil fuel sectors, have started drafting out their own journeys to “net zero,” Ajay Banga, the newly appointed president of the World Bank, has also emphasized the need for active private sector finance in the climate transition. There is a growing realization that governments alone cannot do all that is needed to prevent the worst-case scenarios that the world is increasingly faced with. And yet, the full scope of how the private sector can actually expedite this once-in-an-era transition has not been explored enough. </p><p>In this episode, <a href="https://www.nestle.in/sites/g/files/pydnoa451/files/investors/documents/profile-snn.pdf">Suresh Narayanan</a> joins <a href="https://carnegieindia.org/experts/2190">Anirudh Suri</a> to explore the role of the private sector in the climate transition journey.</p><p><strong>Episode Contributors</strong></p><p><a href="https://www.nestle.in/sites/g/files/pydnoa451/files/investors/documents/profile-snn.pdf"><strong>Suresh Narayanan</strong></a> is the chairman and managing director of Nestlé India Limited. He has been in this role since August 2015. He also serves as the chairman of the CII National Committee on Food Processing Industries. Under Mr. Narayanan’s leadership, Nestlé India has received several accolades, including, most recently, “MNC in India of the Year” in 2022 by the All India Management Association, “Outstanding Company of the Year 2021” by CNBC TV18 India Business Leader Awards (IBLA), and “MNC of the Year” by Business Standard in 2020.</p><p>Mr. Narayanan joined Nestlé in 1999 as executive vice president for sales in India. His international career commenced at Nestlé Indochina in 2003, and he has also served in the Philippines, Singapore, Egypt, and the Northeast Africa Region. He was honored as the “Entrepreneurial CEO” at the EY Entrepreneur of The Year™ Awards 2020. Bu