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BNA_G2_Transition to Sustainability - Coggle Diagram
BNA_G2_Transition to Sustainability
Conclusion :chestnut:
longer lifespan of a firm :hourglass_flowing_sand:
enviromentally
commercially
the future is sustainablity
unlimited resources
the one stands on the field wins
be sustainable :recycle:
might be costly at first but worth the price
:round_pushpin:
Current Situation
:check:Governments
Policies
Governments around the world have been implementing policies to support sustainability and combat climate change.
Including carbon pricing mechanisms and regulations to reduce greenhouse gas emissions.
Renewable Energy Growth
It has continued to grow, with increasing investments in solar, wind, and other clean energy sources.
Many countries have been expanding renewable energy capacity to reduce demands and dependence on
fossil fuels.
International Agreements
Paris Agreement
Limiting global temperature increases and addressing climate change.
:check:Business
Corporate Sustainability Initiatives
Businesses have been adopting sustainability practices as part of corporate social responsibility.
Many companies set targets to reduce their carbon footprint, improve energy efficiency, and use sustainable materials in their products.
Electric Vehicles
The car industry saw a shift in electric vehicles, driven by the cleaner transportation.
Replacing internal combustion engine vehicles with electric or hybrid options.
Circular Economy
To reduce waste and promote the reuse and recycling of materials.
Companies are exploring ways to design products with longevity and recyclability in mind.
disadvantage
Company in transition
financial pressure
Investing in renewable energy projects, developing new technologies, and retrofitting existing infrastructure may all lead to short-term economic pressures
Uncertainty about industry transformation
The transformation of the energy industry is a complex change, with multiple factors from technology and market
Environment
Carbon emissions may still exist
Although Shell has set a net-zero emissions target, some of the company's activities may still generate some amount of carbon emissions during the energy transition, especially before emerging clean technologies mature.
Ecosystem impacts
For example, the construction of wind and solar sites may have a certain degree of impact on local ecosystems.
How to transform?
To assume
Responsibility
A contribution to society
Shell
a net-zero emissions energy business by
2050
Target strategy: Powering Progress
Defines and measures its emissions
offering low and zero-carbon
products
solutions
Transform energy use
Encourage the uptake of the products
Different energy solutions
benefits
shift to renewable energy
competitive advantage from better efficency
expand business responsibility
bring environmental and financial sustainability
strengthen collaboration with government
improve company culture
gain global leadership in green energy