Decarbonisation and energy

Providing universal access to modern energy services while drastically reducing the world’s dependency on carbon-based energy.

We are working across seven systems transformations needed to achieve the SDGs and accelerate sustainable business beyond 2030. Energy is central to our modern economy. While energy access is a cornerstone for economic and social development, it is also the dominant contributor to climate change, accounting for about 60 percent of total greenhouse gas emissions. Climate change represents the single biggest threat to development and jeopardises the lives and livelihoods of the poorest and most marginalised people.

An effective energy system supports inclusive economic development and growth, offers secure and reliable universal access to energy and is environmentally sustainable. While limiting global temperature rise to 1.5°C is still feasible, it will require rapid and far-reaching transitions in energy, land, urban and infrastructure – reducing emission in all sectors. Transitioning to a low-carbon economy will require significant capital and contributions from companies across all industries.

The SDGs

Decarbonisation and the energy transition will have an evident impact on the following SDGs:

WBA’s benchmarks

The Climate and Energy Benchmark aims to further decarbonise the economy and ensure a climate resilient future to meet the ultimate end goal- the Paris Agreement. WBA has formed a strategic partnership with CDP looking at current and future action and impact to assess and compare performance of companies across high-emitting industries, among others oil and gas, electric utilities and automotive. The first benchmark to be published later this year will look at the keystone companies in the automotive sector significant to a low carbon future for us all.

 

Climate

and Energy

Benchmark

Other transformations

 

Social

Agriculture
and food

Circular

Digital

Urban

Financial
system