What is decarbonization?
A decarbonization or climate strategy is used to accelerate the reduction of carbon emissions and other GHG emissions. Decarbonization measures promote the shift to renewables and initiate the development of new product offerings.
If companies want to improve their sustainability performance or establish a more sustainable business, corporate climate action is needed.
A decarbonization strategy is not just a choice; it is a critical requirement for meeting regulatory standards and ensuring long-term business success. Human emissions of CO2 and other greenhouse gases are key contributors to climate change, which is why the Paris Agreement sets ambitious goals to reduce emissions globally.
Decarbonization plays a central role in building sustainable business practices and is integral to broader green economy objectives. It is a vital aspect of Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) criteria. Companies that have already adopted decarbonization strategies gain numerous advantages, positioning themselves as leaders in sustainability while also aligning with regulatory trends and investor expectations.