Leaders are tackling the carbon challenge head-on in several ways. The first is through ESG target-setting. Nearly all (96 percent) of the leaders we surveyed have set ambitious ESG targets. The same percentage of leaders is committed to reporting frequently on their emission-reduction progress. In contrast, 56 percent of laggards have set targets. Only 47 percent regularly publicize their results.
The second way leaders address the Carbon issue is by elevating the importance of their low-carbon solutions. They expect their low-carbon business segments to experience margin growth of at least 20 percent. They also expect low-carbon businesses to contribute handsomely to their revenue growth by 2030. For them, hydrogen and renewable power hold the most potential.
Finally, leaders take decisive and practical near-term actions by, for example, investing in energy management solutions, focusing on achieving significant process efficiencies, and deploying better carbon-detection and management technologies.