Is Science-Based Targets the Best Shot at a Joint Objective?

The shift to a net zero world contemplates a massive transformation of our economy, of our businesses, of how people buy and sell and make and move things. In our new three-part mini-series, “The real leaders of net zero”, we're talking with the companies and business leaders at the forefront of the transition to net zero and who are inventing the technologies and business models that are going to help green our economy. How are we going to get there? How will we pay for it? And what are the roles of companies and finance in this transition?

On our premiere episode, Orsted CEO Mads Nipper joins BlackRock’s Mark Wiedman to discuss the Danish firm’s transformation from a major carbon-intensive energy company to one of the world’s leading producers of offshore wind power in less than 15 years. Why and how did they do it? And as companies around the world consider a net zero world, what can we learn from Orsted and companies like them?

Disclosures

1 McKinsey “Ørsted’s renewable-energy transformation”, July 10, 2020 (https://www.mckinsey.com/business-functions/sustainability/our-insights/orsteds-renewable-energy-transformation)

2 Our World in Data – Emissions by sector (https://ourworldindata.org/emissions-by-sector) Energy accounts for ~73% of global greenhouse gas emissions

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