Your climate strategy should be resilient, adaptable, and designed to create real value. It should be embedded in your business strategy, rather than siloed, and be a “living strategy” that can respond to a variety of risks and opportunities.

Investors’ demands are diverse and evolving, but for those companies with a clear message and consistent delivery there is ample opportunity to lower your cost of capital by leveraging green and ESG-linked financing as you reinforce your commitment to net zero.

A combination of disciplined delivery and monetization opportunities can help you create real value in your operations, supply chain, and downstream portfolio. Address decarbonization through your sales motions, pricing strategy, value proposition and other elements of your go-to-market plans and offer products and services that also help your customers decarbonize.

To effectively address decarbonization, companies will need to determine when to collaborate versus compete, and engage the wider ecosystem of peers, governments, and civil society. Strategic coalitions, partnerships and NGO engagement are all essential components of your ecosystem approach.

Within your organization it’s imperative to manage carbon as a cost and embed internal carbon pricing (ICP) in your processes and key decisions. Align your governance structure and accountabilities to foster real change, aided by the right incentive structure and programs to upskill different parts of the organization.