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Assuming that company operates in Europe, Middle East and China and produces energy from fossil fuels (petroleum,coal,gas) 80% while the rest 20% is produced by RES.

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  1. Set a long-term target to completely phase out of fossil fuels by say 2050.
  2. Set milestones/ dates on the way to achieve that target, e.g. 70/30 by 2020, 50/50 by 2030, 20/80 by 2040 (or whatever works best considering investment costs/ production costs etc.)
  3. Develop a transition plan which will set the company on a path to achieving the milestones and the target
  4. Implement the transition plan.
  5. In general stay best in class with respect to all environmental issues at all times..
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I think the first thing to do is to really understand your own environmental impact, such as your organisational carbon footprint, water consumption, waste emissions, pollution etc. Without understanding this first, it will be difficult to set firm targets and knowing what mitgating measures to implement.

Next step is, based on what you found, to then set realistic goals and targets to reducing your environmental impact. It will be important that this receives consent and support from senior management in committing to these targets.

Following your commitments, feasibility studies should be carried out in determining the best and most cost effective approach to reducing your environmental impact. You should also consider looking at your customers and supply chains and how all the environmental impact can be mitigated.

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I am pretty sure that all multinational energy companies already are taking all of the actions you suggest. Is that sufficient for them to demonstrate their environmental responsibility? – Prof. Hastings May 11 at 5:50

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