Transcription of The Building Blocks for Net Zero Transformation
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The Building Blocks for Net Zero Transformation
The Building Blocks for Net Zero Transformation September 2020A practical guide to embedding net zero aspirations and actions within and across your businessPresented in association withA contribution to the Transform to Net Zero initiativeMicrosoft | PwC 2 ConclusionIntroductionOverview Building Blocks Building Block: AmbitionBuilding Block: GovernanceBuilding Block: StrategyBuilding Block: EnterpriseBuilding Block: Supply ChainsBuilding Block: InnovationBuilding Block: FinanceBuilding Block: EngagementBuilding Block: TransparencyForewordEven as COVID-19 takes hold of our attention, the pressing challenge of climate change remains. With a view out beyond the current crisis, arguably the greatest Transformation challenge humankind has faced is staring right at us: the world has 10 years to halve global greenhouse gas emissions and avoid global warming of above C. Beyond this point of warming, the more devastating impacts of climate change become irreversible.
Net zero is a “state in which the activities within the value chain of a company result in no net impact on the climate from greenhouse gas emissions”. A credible net zero strategy means eliminating sources of emissions in the value chain at a pace and scale consistent with limiting global warming to 1.5°C as far as possible, and after
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