80% of companies have set GHG reduction targets, but 25% are unsure how to do so.
During COP26 more than 130 countries committed to halt and reverse deforestation and land degradation by 2030, and more than 100 signed the Global Methane Commitment to collectively reduce methane emissions by 30% by the end of this decade.
This is in addition to the 215 companies that have already signed the Climate Commitment: a collective effort among the business community to achieve net zero carbon emissions by 2040.
To learn in detail about this situation, the companies GreenBiz and Black & Veatch conducted a global survey in the report Measuring and Setting Corporate Sustainability Goals 2021, where they found that more than 80% of the companies surveyed with revenues over $250 million have set goals for reducing greenhouse gases, but 25% are not sure how to do it.
In this regard, Oscar Falcon, vice president and general manager of Black & Veatch Latin America, determined that "when we take stock of all that has been achieved, all the goals set and pledges signed, this is tangible and significant progress. However, it is not enough. There is a long way to go between targets and implementation, and one of the most critical phases of the energy transition is the development of detailed strategies and plans with clear steps (Roadmaps) to reduce carbon footprints and achieve sustainability goals".
For the same reason, he added that a good starting point is for each company to define where it is and where it wants to be in order to identify its gaps and thus develop strategies appropriate to the sustainability landscape.
"Successful approaches to decarbonization will be adaptive and will be evaluated and take into account the unique parameters of each situation because, with such a wide range of objectives, available technologies, geographic considerations and cost uncertainties, there is no one-size-fits-all methodology, so each company must develop the strategy or roadmap that best suits its needs, and having specialized partners who understand the needs of each business is key," Falcón said.
As decarbonization strategies are developed, they will rely on new and developing technologies to meet growing energy needs. Making strategic but informed bets on emerging low-carbon technologies and fuels such as ammonia, hydrogen, carbon capture, biofuels and long-term storage is a challenge, as the commercial viability and timeline of these technologies are constantly evolving through investment, research and development, and policy.
For their part, digital technologies offer opportunities to support the achievement of decarbonization goals. In the era of Big Data, we have the ability to collect and analyze vast amounts of information creating a 360-degree view of our infrastructure. This capability allows us to drive efficiency and reduce carbon emissions.
Planning for decarbonization can be a complex task. For this reason, developing these Roadmaps with companies that specialize in the area, such as Black & Veatch, allows companies, as they face this challenge, to determine and schedule the essential steps that can make creating an executable decarbonization strategy easier to achieve.
Thus, Black & Veatch helps clients transition from goals to execution with a cohesive approach that incorporates strategic, financial and regulatory considerations along with technology, engineering and construction solutions. "Developing detailed decarbonization strategies now will be crucial to take concrete steps in the right direction, preparing companies and nations for long-term decarbonization success," concluded the managing director of Black & Veatch Latin America.
Comentarios
Publicar un comentario