Orient Magazine Issue 87 - June 2022 - Page 30

NEWS - FROM THE UK
Joint statement on UK-U . S . dialogue on future of Atlantic trade in Aberdeen
On April 25 and 26 United Kingdom Secretary of State for International Trade Anne-Marie Trevelyan and United States Trade Representative Ambassador Katherine Tai hosted the second UK-U . S . Dialogue on the Future of Atlantic Trade in Aberdeen , Scotland . The Dialogue follows Prime Minister Boris Johnson and President Biden ’ s announcement last year of a new ‘ Atlantic Charter ’ and builds on the successful inaugural Trade Dialogue in Baltimore earlier in March .
Secretary of State Trevelyan and Ambassador Tai agreed to collaborate further on : delivering practical support for SMEs , digitising UK-U . S . trade in the modern economy , building resilience in critical supply chains , addressing the global trade impacts of Russia ’ s invasion of Ukraine , promoting environmental protection and the transition to net zero , supporting high labour and environmental standards , and promoting innovation and inclusive economic growth for workers and businesses on both sides of the Atlantic .
Over the two days , Secretary of State Anne-Marie Trevelyan and Ambassador Katherine Tai hosted a series of roundtable discussions with a diverse group of stakeholders from the UK and U . S . business community , trade unions and civil society , in addition to bilateral discussions between UK and U . S . officials .
Drawing on the stakeholder discussions and bilateral talks in Aberdeen and Baltimore , Secretary of State Anne- Marie Trevelyan and Ambassador Katherine Tai directed their teams to work at pace over the next several weeks to develop an ambitious roadmap with economically meaningful outcomes , including in the areas of :
Supporting SMEs to trade - Support and enhance UK-U . S . SME trade , by collaborating to identify and overcome barriers to trade , focusing on trade facilitation for SMEs , sharing and promoting best practice , and working together on activities to promote and support SMEs , including those owned by under-represented groups and women entrepreneurs , and those in disadvantaged communities . We intend to harness the June UK-U . S . SME Dialogue in Boston to help achieve these objectives .
Harnessing the benefits of digital trade - Advance outcomes in digital trade that benefit businesses , including SMEs , workers and consumers by supporting the digitalisation of trading systems and transactions . The UK and U . S . will also seek to build on the G7 Digital Trade Principles .
Levelling up and worker-centric trade - Work to develop more durable and inclusive trade policies that demonstrate that trade can be a force for good and create more opportunities for people and gender equity across the UK and U . S . Support the protection of labour rights and tackle forced labour globally .
Supporting resilient supply chains - Collaborate on promoting critical supply chain resilience to help ensure strong and robust supply chains , bringing together expertise from both our nations .
Food security - Support open , predictable , rules-based agricultural trade to mitigate supply chain disruptions and restore global food security imperilled by Russian aggression in Ukraine . Continue to cooperate closely through the current crisis and other issues impacting agricultural supply chains , to help ensure more resilient , efficient and sustainable food systems against future shocks , and to promote the availability of safe , affordable foods for consumers worldwide .
Supporting the environment and climate action - Deepen cooperation on trade and the environment , with work to promote decarbonising our economies consistent with COP26 outcomes , exchanging information , and developing joint approaches to environment and trade , supporting businesses , green jobs and the growth of lowcarbon economies .
31 COMMITTEE CONTENT: NET ZERO DOESN'T HAVE TO BE A ZERO SUM Net Zero Doesn't Have to Be A Zero Sum Lia Borthwick Head of Business Development, BT Legislation, activist consumers, science-based targets, changes to the way we do things and a sense of running out of time. These are scary thoughts when it comes to how we make our organisations more sustainable. There is no instant panacea to saving the world but there are ways in which organisations can take a leap rather than a baby step. At BT, we have brought forward our sustainability targets and are putting a lot more focus into our efforts to reach net zero on carbon emissions. Our BT Group Manifesto outlines our commitment to be net zero by 2030, as well as committing to help our customers save 60m tCO2e (tonnes of carbon dioxide equivalent) by 2030. The biggest challenge to net zero is the business case; with every change comes a cost.to be a zero sum scenario. But it doesn’t have to be. Organizations can banish the zero sum scenario by making smart choices on where to focus and the IT division can take the lead. How? By focusing in on the energy consumption of IT assets that are not in active use. Cost benefit analysis, legislative drivers and stakeholder coordination can prove a daunting task. Investment is needed and so you win on achieving sustainability objec- tives but lose on the P&L in what can appearLet’s take a closer look at the energy hungry data centre environment which in Singapore alone constitutes 7% of all electricity consumption a fact which has halted further data centres being created for now. Most of the focus to date has been on the physical environment: the cooling systems, the air-conditioning, lighting etc. Recently we have been working with our partners Intel and QiO to reduce the energy consumption in our green data centres. 5-15% total energy reduction. Saving money by adding to the bottom line of an organisation’s financial health, and best of all with a potential ROI in as little as two months. Our findings are too good to keep to ourselves and so, in line with our commitment to help others on their net zero journey, we are offering to help others take this leap on their journey too. To find out more about BT’s net zero journey you can read this blog: The role of digitalisation in the race to net zero | BT's Global unit or contact the author at lia.borthwick@bt.com The physical environment might be sustainable, but the racks of servers are still energy hungry. By their very nature, servers are connected so gathering the telemetry data from them and using AI to decide which cores can be powered down is achievable. Energy savings can be identified in as little as six weeks and are typically in the range of COMMITTEE CONTENT: NET ZERO DOESN'T HAVE TO BE A ZERO SUM