Climate change is one of the most pressing problems facing our world today. Climate change is a reality, climate protection is a must and net zero is a future-oriented requirement. Therefore, more and more companies, investors and public organisations are committing to net zero to combat climate change.
To deliver on their net zero commitments, companies will need to undertake end-to-end business transformation. This includes understanding the implications of net zero for a company’s growth strategy and operating model, and embedding net zero across all business functions from governance, to supply chains, to finance and innovation.
To help you guide through the net zero journey, PwC has defined nine key building blocks for corporate net zero transformation. This checklist includes actions and suggestions that companies should be considering rather than steps that are expected to be in place from day one.
Alignment of company ambition with achieving global net zero by no later than 2050, underpinned by a science-based-targets approach to limiting warming to 1.5oC. Define what good practice on ambition looks like.
Oversight and accountability for net zero driven through the entire organisation, including at the highest levels of the company and the enterprise Risk Management.
Net zero is embedded in the company strategy, including its growth strategy and functional strategies to maximise value and build resilience in a changing climate.
The company is structured to achieve net zero, with the operating model designed to deliver net zero targets. A holistic change management programme is designed and executed where required.
Net zero is integrated across the whole supply chain to build a well-connected, smart, efficient and low-carbon supply chain ecosystem. This includes adapting supply chain strategy, aligning with existing transformation efforts and helping the supply chain to decarbonise.
The company invests in R&D and builds innovation into ways of working to harness emerging technologies and develop new solutions to deliver net zero at pace. Net zero is embedded in the innovation/R&D strategy, in product and service development, and corporate ventures.
Substantial commitment and willingness to finance net zero transformation through existing and new finance functions and modalities.
Provides transparent and balanced information on progress against net zero ambition, including business transformation.
Engages and influences stakeholders across ecosystems to enable change at pace and scale.
Partner, Investor Reporting and ESG Leader, PwC Switzerland
Tel: +41 58 792 25 37
Operational Excellence & ESG Transformation Leader, PwC Switzerland
Tel: +41 58 792 26 50
Sustainability & Regulatory Leader, PwC Switzerland
Tel: +41 58 792 45 23