Shifting Corporate Strategies Towards The Low Carbon Economy
BMI’s Francesco Menonna explores how companies in the heavy industry space are evolving in line with the growing focus on environmental policy, and what it will mean for business operations as they pivot towards this new operating environment.
This special report will explore how companies will adjust to the low carbon economy and what it will mean for their business operations.
The push to decarbonise has been identified by BMI's Industry teams as a key megatrend impacting various industries over the coming decades, as policies to reduce emissions, boost energy efficiency and promote sustainable sourcing in the supply chain come to the fore. Those companies in the heavy industry space, such as Autos, Mining, Power, Oil & Gas, and Infrastructure, are already under increasing social, investor, and regulatory pressure to lower emissions and reduce their environmental footprint.
As such, we identify that corporate strategy in the heavy industry space is evolving in line with this growing focus on environmental policy, as companies pivot towards this new operating environment. This ranges from autos companies increasing their electric vehicle manufacturing capacity, utilities ramping up investment into energy services and grid digitalisation, oil & gas majors focusing more heavily on their gas portfolios, infrastructure firms adopting more sustainable building materials into construction projects or mining companies utilising big data analytics to streamline operations and boost energy and operational efficiencies.