Insight

The Decarbonization Journey

Five pillars to achieving net zero

Arun Ghosh

Arun Ghosh

Principal, Advisory Enterprise Innovation - Climate Data and Technology, KPMG US

Katherine Blue

Katherine Blue

IMPACT Advisory Leader, KPMG LLP

+1 404-222-7606

Mike Hayes

Mike Hayes

Global Head of Climate Change & Decarbonization, KPMG IMPACT & Global Head of Renewables, KPMG International

+353 1-410-1656

Amy S. Matsuo

Amy S. Matsuo

ESG and Regulatory Insights Lead, KPMG LLP

Tegan Keele

Tegan Keele

Managing Director, Enterprise Innovation and US Blockchain Practice, KPMG US

Pravin Chandran

Pravin Chandran

Director Advisory, Blockchain, KPMG US

+1 212-758-9700

Alistair Hall

Alistair Hall

Senior Associate, Advisory, Transformation Delivery, KPMG US

+1 213-955-8671

The call to action on climate change has advanced over recent years with companies facing more pressure than ever to develop and execute a meaningful net-zero strategy. Investors are acutely aware of the relationship between stewardship and financial performance. The message to leaders is clear: Climate risk is being viewed as a financial risk, a driver of business insecurity. In a world of concerned stakeholders, organizations that fail to mitigate their emissions face the likelihood of reputation damage.

This paper is for organizations at any stage of their journey toward mitigating or eliminating greenhouse gas (GHG) emissions. Some are trying to decide what their first steps toward net zero will be; others have reached a more advanced level of maturity in their efforts.

The five pillars of net zero

At the center of the imperative are five pillars of action
  

Decarbonize with strategic foresight

Operationalize sustainable behavior

Gain regulatory
agility



Establish coalitions
& partnerships

Digitize data and processes to build trust and prove results


Many Fortune 500 companies have outlined decarbonization strategies to achieve their targets. These strategies rely on a number of levers that include accelerating the shift to renewables, developing new product offerings, re-locating facilities, investing in carbon capture and optimizing tax credits. The detailed strategies vary significantly across industries, but there are basic elements that apply to every organization.