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Consider this: In April, Royal Dutch Shell, one of the largest companies in the world, announced its intent to become a net-zerocarbon company by 2050. No doubt Shell is counting on some miracle like carbon capture to preserve its adherence to a century-old business model of selling oil. In 2008, Exxon made a record $40.6
Take the decision we took to launch our unique Green PremiumTM program in 2008 to provide more sustainable products and be transparent with environmental information with our customers. In 2021, we launched the ZeroCarbon Project to help our top suppliers halve their CO2 emissions in less than five years.
The requirements stem from the 2017 recommendations of the Financial Stability Board (FSB), a forum set up in the wake of the 2008 global financial crisis, and specifically the board’s Taskforce on Climate-related Financial Disclosure (TCFD). There will be a challenge to find the time and resources.”.
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