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As part of this transition, the company is aiming for a net-zero carbon footprint by 2050. The scope of its efforts so far is demonstrated by its shift into lower-carbon businesses, power trading, and convenience stores, which represented just 3% of its investment in 2019 but 23% in 2023.
The mistake so many executives made at the dawn of the internet, and continue to make, is that they didn’t take the time to evaluate how digital-first innovations could reimagine essential elements of a business for the new world. Without a doubt, this is the time to do businesstransformation right.
In fact, more than 3,200 companies have set science-based carbon targets , and thousands of companies from around the world are pledging to reach net-zero emissions by either 2040 or 2050. Adopting a sustainable model mindset across the enterprise fosters an environment for collaboration, innovation, and entrepreneurship.
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