Decarbonization: What Are The Common Pitfalls?

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COVID-19
Climate Strategy

Held July 2,2020 | Region: Asia-Pacific

Global companies are under pressure from regulators, financers, consumers, and their employees to reduce their carbon footprint and prioritize sustainability efforts. But while we have seen tremendous momentum with corporate sustainability goal-setting, decarbonization is complex to execute and only 28% of these companies are on pace to meet these goals*.

Commonly adopted solutions that range from carbon offsets and improving efficiencies may sound simple, but significant carbon cuts require sound technical advice, in-depth planning and support. Luckily, there is a convergence of key enablers to support these ambitions. These include digital advancements, positive policy changes and financing mechanisms.

Yet, the risks remain. A lack of proper planning or a robust decarbonization roadmap can easily derail a company down a wrong, costly path.

In this webinar, experts from Eco-Business and ENGIE Impact explored this topic on decarbonization and provided insights on:

  • The common pitfalls to look out for, the enablers to invest in and the best solution to decarbonize
  • Can companies have a decarbonization plan that is ambitious yet realistic
  • As the COVID-19 crisis changes business priorities across the world, how do firms still stick to their plans and achieve their sustainability goals

*Source: 2019 CDP data and ENGIE Impact’s analysis

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