Action against climate change is now embedded in the strategies of businesses across Europe.
That’s the verdict from the European Round Table of Industrialists (ERT), which has published a new report illustrating how 30 multinational companies, including Heineken, ABB and Eni are working towards cutting carbon and achieving the goals of the Paris Agreement.
For instance, Vodafone is focusing on energy efficiency improvements to keep the cost of running its networks down as the volume and demands of its consumers increase.
The firm believes the Internet of Things (IoT) is one of the best ways to optimise energy use across a variety of machines, devices and processes.
Royal Dutch Shell says it is supplying more natural gas to replace coal for power generation, developing carbon capture and storage (CCS) technologies and advocating the introduction of government-led carbon pricing mechanisms.
The firm’s Quest CCS project in Canada successfully stored more than two million tonnes of carbon dioxide deep underground in its two years of operations.
Svein Richard Brandtzaeg, Chairman of the ERT Energy and Climate Change Working Group, said: “Low carbon investment and innovation can only thrive with a globally competitive European industry that is able to deliver the solutions for a successful low carbon transition.”