ANNOUNCEMENTS
The World is talking about decarbonization. Companies, organizations, societies, and individuals across the world are setting their Carbon Neutrality or Net Zero Targets in order to limit the global temperature rise. The urgency we face today is a fruit ripened over hundreds of years of unsustainable business, and actions. The way a business conducts its functions has a direct (or indirect) impact on the environment. Businesses (not all) are lacking the emotional intelligence in their decisions which is much needed when we talk about a ‘Business being Sustainable’.
This study aims to help businesses, small or large belonging to any sector, by creating a Comprehensive Net Zero Organizational Framework which can prove out as a guiding tool for the management and all the functional departments of a company to align themselves and support their decarbonization journey.
The output of this study serves specifically to GAIL (India) Limited and attempts to formulate an action plan for it to achieve its Net Zero vision. It also involves a peer review of the Net Zero targets of top Global Oil and Gas Majors.
The study advocates for change in perception with respect to the subject of Carbon Neutrality/ Net Zero from a sole Science-based perspective to an amalgamation of Management cum Science perspective.
The framework is expected to come out as a viable market product to quench the upcoming market demand, as more and more companies who are setting their Carbon Neutral/ Net Zero Targets would require a Comprehensive Organizational Framework to wholly act against the cause. It can also act as a reference point for further research to build upon and strengthen this version.
Keywords: Net Zero, climate change, decarbonization, organizational framework, business.
