In the post Net Zero: The Business Opportunity we saw that many businesses have adopted a ‘Net Zero by 2050’ strategy. This means that these organizations intend to have ‘net zero’ emissions of greenhouse gases by the year 2050. One way — and by no means the only way — of achieving this goal is to develop and adopt new technologies that generate ‘green alternative energy’.
Many businesses have already made a good start on their Net Zero journey. Last week we looked at the Ford Motor company. They have developed an electric version of their best-selling vehicle, the F-150 pickup truck. Other examples are provided in this post.
Volvo Cars
I would be surprised if we wouldn’t deliver only electric cars from 2030.
Hakan Samuelsson (CEO Volvo)
Shell Oil
We aim to be net-zero on emissions generated by all our operations, as well as on emissions associated with the energy we need to power them. Our ambition is that any greenhouse gas emissions from making our products that cannot be avoided – through energy efficiency or using lower-carbon fuel – will be balanced with removal from the atmosphere using technology and nature.
Shell Oil, 2020
International Maritime Organization
Reduce peak GHG emissions from international shipping by at least 50% by 2050 compared to 2008 levels while pursuing efforts towards phasing them out consistent with the Paris Agreement goals.
International Maritime Organization
BP
The world’s carbon budget is finite and running out fast; we need a rapid transition to net zero.
Bernard Looney, BP chief executive officer
The challenge that all these organizations face is simple to state but very difficult to address. It is, “How do we continue to provide an acceptable financial return to our shareholders while fundamentally restructuring our business?”