HERALD WEBINAR: WATCH:
It’s not easy to take the road to Net Zero, but one company has shown it’s more than possible.
Over the decade, ERG has transformed itself from an oil refiner to a clean energy company that has paid out a billion pounds of dividends and taken its shareholders on the trip.
Three other experts joined Luca Bragoli, head of public relations, to discuss the transformation of the new webinar on Creativity for Recovery, which you can watch here.
They were joined by Claire Mack, managing director of Scottish Renewables; Professor Jim Skea, co-chair of the Intergovernmental Panel on Climate Change (IPCC) Working Group III; and Catharina Hillenbrand von der Neyen, head of Carbon Tracker corporate analysis.
On the road to Net Zero, the panelists spoke about what to expect and used their mutual experiences to build what one participant called ‘The Playbook’ for transition.
The ERG model for the transformation to a green business champion has sparked discussion on the issues facing companies, investors and communities.
The value of engaging societies to communicate the benefits of renewable energy was stressed by Claire Mack; Jim Skea added that the public needs to lead the way in generating improvement in business and investor habits.
They emphasized the importance of “doing what needs to be done” by government and state leaders and providing the appropriate policy incentives. The transition to net-zero emissions will be powered by companies and whole economies – not just governments, so policies must reflect this.
All panelists agreed that working in collaboration is important. The ERG is an example of an Italian-Scottish collaboration, and the COP26 event in Scotland next year is a perfect platform for promoting further cooperation.
It is necessary for a fair and equitable transition – panelists shared what is required to share the benefits for families, staff, suppliers of expertise, environmentalists, builders and planners.
Watch the international panel debate and enjoy the webinar on Creativity for Recovery here.
In this webinar, Claire Mack, Managing Director, Scottish Renewables, said, “It was great to bring together the ideas of people from across the spectrum working on solutions to climate change. This is precisely what we need to get to Net Zero – working together and learning in the process. It is a pleasure to be part of such an esteemed panel.”
“On behalf of the ERG and all our other stakeholders, Scottish Renewables is working to build the best possible atmosphere for the implementation of renewable energy here in Scotland. To date, Scotland has been at the forefront of decarbonizing the need for electricity. Renewables will continue to be at the core of our path here and in the rest of the world towards a low carbon economy. Scotland should really lead the world in renewables, and so it does.
“Professor Jim Skea CBE FRSA FEI HonFSE, Professor of Sustainable Energy at the Centre for Environmental Policy of Imperial College London and Chair of the Just Transition Commission, said, “This event has begun to explore the role of business in a just transition to net-zero under the surface. It provides a real insight into how the business world and businesses like ERG will play their part with the release of the revised Scottish Climate Change Strategy.
Catharina Hillenbrand Von Der Neyen, Head of Company Analysis, Carbon Tracker, said, “The next phase of the transition to energy requires a profound change in the thinking of businesses and their shareholders.” The financial challenges of the energy transition and the strategic and financial consequences for businesses are the subject of Carbon Tracker. We share our thoughts in this webinar on the paths of energy transformation, how investors can drive alignment and continuity, and what management should consider.
In cooperation with ‘Climate For Change’s initiative, this article was brought to you.