- Step 1: Understand the fundamentals of net zero target
- Step 2: Shape short and long-term targets to define your net zero commitment
- Step 3: Turn your targets into action
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Once you have set and evaluated your targets, you need to ensure they will drive effectively climate action within your organization and your value chain.
To do so, there are three key set of actions your organization can activate:
Integrating your climate target into your business’s core strategy is necessary to give the net zero initiative sufficient weighting to be realized, and is also important to ensure your business fully benefits from the ambition as the economy begins its broader net zero transition.
A climate strategy will be of little use unless the strategy cascades to the operational level. This section outlines best practices (e.g., performance metrics, governance structures, employee upskilling) you should follow to ensure net zero strategy begins to take shape in the day-to-day operations of your company.
Some innovation challenges are too expensive or high risk for companies to solve on their own, so forming or joining innovation peer groups can be helpful. Gather corporates, academics and investors in related sectors or geographies with net zero aligned ambition to get exposure, share best practices and influence others to accelerate transitions. Commit to align with global net zero efforts by 2050 at the latest is usually one of the key requirements to join.