Powered for Change

While the world is working to hit Net Zero goals, the scale of progress and investment needs to be accelerated. A new era of collaboration and action is required. In this report, Criticaleye Partner Accenture identifies what has held industries back and seeks to highlight a pathway to rapid, economical industrial decarbonisation. 

Key takeaways include:

• The research identified three ecosystem collaboration imperatives that unlock new economic models for decarbonising heavy industries (steel, metals and mining, cement, chemicals and freight and logistics). If businesses act on these three imperatives now, they could set the foundations for new economic pathways to net zero in three years.
• Less than a fifth of companies (18 percent) are cutting emissions fast enough to reach net zero in their operations by 2050. One-third (32.5 percent) are cutting emissions, but not fast enough and half preside over rising emissions.
• 80 percent of heavy industry executives believe they will have to charge an average price premium of +20 percent to make low-carbon products and services commercially viable in the next five to 10 years.