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24 European groups to eliminate and compensate the equivalent of 3 billion tonnes of CO2 by 2050, so as to align with the Paris Agreement.
Following the Paris Agreement in 2015 and the 2019 European Union commitment to reach carbon neutrality by 2050, numerous European groups have reinforced, or just made, their commitments to reducing their greenhouse gas (GHG) emissions. Some have even set ambitious goals.
Carbon neutrality is a standard that more and more people are calling for, motivated by the positive impacts of such a strategy on their activities and results. These include: brand image, anticipation of regulatory obligations, competitiveness, economic results and sustainable activities. It will be a challenge to be sure, but also a wonderful opportunity to create meaning, to diversify and develop.
To reach their goals and achieve their strategic reorientation, these groups have initiated low carbon action plans, which are sometimes ambitions, but which have yet to be clarified in order to accelerate the changes and consolidate this new dynamic. Actions range from renewable energy supplies, to deploying low carbon products, to improving energy efficiency across the value chain.
Sia Partners accompanies businesses in these transformations; discover our Carbon Footprint bot to develop your capacity to measure carbon emissions.
This study is also available in French.