Other companies can implement similar strategies to reduce their GHG emissions by following the examples set by oil companies. They can reduce Scope 1 and Scope 2 emissions through electrification of operations with renewable power. They can also plan to reduce Scope 3 emissions with investments in carbon capture, reforestation, or the sale of hydrocarbon businesses to invest more in renewable sources. It's also important to track their GHG emissions and make pledges to reduce them, as this can attract the attention of activist investors who can push for more divestment efforts.
Need to report your sustainability efforts to key stakeholders? Most companies make ESG reports publ...
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