Today we are experiencing an unprecedented fast global warming due to human activities, primarily due to the burning of fossil fuels that generate greenhouse-gas emissions.
Humanity faces one of the most important challenges in its history and therefore the role of global organizations is essential to stimulate international cooperation in this area.
Consensus such as the Kyoto Protocol (1997) or the Paris Agreement of 2015 outline a path in which the common objective of reducing greenhouse-gas emissions takes precedence. Thus, it is intended to implement a series of reforms in the legislation of the member states, such as the promotion of renewable energies and energy efficiency.
Decarbonizing the economy requires the transformation of several sectors, especially the energy one, which is transversal, but it also requires transforming the model of producing and consuming by all economic agents, companies, and citizens.
This process involves profound transformations in lifestyles, consumption patterns, value systems and forms of urbanization, as well as many other aspects of social organization, and requires proactive responses in these directions from actors, politicians, social movements, and agents.
In this framework, companies must adapt and adjust their organizations. They must launch (if have not already done so) the so-called ecological transition to decarbonize the economy. This means adapting all processes, from supply chains to the end consumer.
The energy sector becomes crucial for the ecological transition: is one of the most important megatrends of our time.
Pointing this, the companies key objectives of companies must be:
Countries and industries that manage to create and implement solutions to achieve the sustainable development goals will enjoy a leadership position in the upcoming decades.
To do so, find below some tips for a decarbonization roadmap.
Execute a study to quantify the climate footprint of the production processes.
Improve the energy efficiency of production processes by investing in digital technology.
Work actively to reduce emissions in value chain: apply procurement guidelines and supplier conducts criteria, change product designs, collaborate with suppliers and customers, and reassessment of business models and investments.
Integrate climate change into business strategy.
Request technical and economic support to public powers.
Inform to clients, suppliers, employees, and investors. Pay attention to avoid greenwashing messages in communication practices.
In conclusion, decarbonization is a huge opportunity for companies.
We are facing a radical change in the model that implies that business strategy and the sustainability strategy are the same. Technological, organizational, and social innovation are fundamental tools for decarbonization without compromising competitiveness.
Lastly, organizations must not forget to avoid greenwashing practices in corporate messages that may lead the public towards error or different perception by increasing communication transparency and providing ethical leadership and training to employees.
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