Hundreds of businesses are making commitments to achieve net-zero greenhouse gas (GHG) emissions by 2050 (or earlier) in line with the goal of the Paris Climate Agreement. These commitments are being driven by investor pressure, the risk of stranded assets, evolving national policy frameworks and ratcheting societal expectations.
Establishing a credible path to net-zero presents major challenges, uncertain risks and transformative opportunities for firms to shift or completely alter key aspects of their business model, value chain and competitive positioning. Firms can capitalize on strategic opportunities, such as the possibilities of new products, services and markets, and novel ways of interacting with or serving customers.
However, much of the discourse ‘lumps together’ these strategic considerations with the technical complexities of pathways, technologies, solutions and measurement, which impede clear strategic thinking on the net-zero transition. As we enter a decade of unprecedented transformation and disruption, the leaders will be the firms that take a strategic approach to net-zero – aligning ambitious emissions reductions with long-term business strategy, innovation and value creation.
Ivey’s research new initiative – Canadian Corporate Strategies for Net-Zero: Planning for the Long Term – is engaging and convening a unique cross-sector group of leading Canadian businesses taking bold climate action. Through exchange, dialogue and research, the initiative is identifying the opportunities and decision points to build ambitious and actionable net-zero strategies that position firms to thrive in a net-zero future.
For more information, please contact Matthew Lynch.
Livestream event: Your organization's net-zero future is closer than you think
As the world gathers for the COP26 climate change summit in Glasgow, some of Canada’s leading voices on corporate climate action will unpack the enormous strategic implications of the net-zero agenda for business.
FREE VIRTUAL EVENT
Wednesday November 10th - 12:00PM - 1:00PM EST
- Sarah Chapman – Global Chief Sustainability Officer, Manulife
- Laura Zizzo – Founder & Chief Executive Officer, Manifest Climate
- Robert Klassen – Director, Centre for Building Sustainable Value, Ivey Business School at Western University
Moderated by Mazi Raz, Director of Learning Design & Strategy, at the Ivey Academy.
Charting Canada's Path to Net-Zero (April 2021)
Seeking Net Zero? You Should Know Not All Carbon Offsets Are The Same
Amid calls to reduce their companies’ carbon footprints, business leaders are looking to buy carbon offsets. However, not all offsets are the same, writes Professor Tima Bansal in Forbes.
Retailers’ Dirty Secret: Emissions In Shipping Freight
Retailers are touting their ambitious emissions targets. Yet just getting their products across the ocean creates more greenhouse-gas emissions than all 2 billion of America’s cars and truck combined, writes Tima Bansal in Forbes.