Delivering a net zero economy by 2050 will require urgent action from businesses across all sectors. Companies must respond to growing demand from investors and customers by making climate change a Boardroom priority. Firms that act now will not only play their part in avoiding the devastating impact of climate change but also steal a march on their competitors.
“Carbon emissions have to decline by 45% from 2010 levels over the next decade in order to reach net zero carbon by 2050. This requires a massive reallocation of capital. If some companies and industries fail to adjust to this new world, they will cease to exist.”