Even as overall energy consumption continues to rise, businesses in the oil and gas sector are beginning to align themselves with some of the tenets of the Paris climate agreement — which aims to reduce carbon emissions to a net zero by the end of the century. For example, Shell announced it would link executive pay to self-imposed carbon emissions targets, pending a shareholder vote in 2020. Beyond exercising corporate social responsibility, energy organizations are identifying concrete business justifications for taking these steps.
As the energy industry sets goals for long-term growth that factor in climate change, transformative leadership will require a balancing act of empowering investors and executives while also holding organizations accountable. Learn more.