We have seen an increase in the number of global companies committing to net zero; now companies need to translate pledges into real business transformation. This is key for both long-term business success and to address the climate crisis at the unprecedented scope and scale required.
PwC is proud to be a knowledge advisor to Microsoft on its net zero transformation. Using PwC’s experience in supporting companies on net zero and on business transformation more broadly, we have come together to create a guide to help companies as they move from ambition to action.
The Building Blocks of Corporate Net Zero Transformation - produced by PwC and commissioned by Microsoft - is the first company research contribution to the Transform to Net Zero initiative. It sets the scene for what is meant by net zero transformation for businesses and provides a platform that is consistent with the narrative for the work of the Transform to Net Zero initiative.
Delivering on net zero requires wholesale business transformation and functions across the organization need to play a vital role in implementation. No area remains untouched - from strategy, product development, sales and marketing, innovation and R&D to corporate finance, risk and compliance, procurement and people.
The report - intended for business executives and function heads - outlines the 9 key building blocks for business transformation needed to deliver net zero. It provides a coherent and good practice framework that business stakeholders can use to inform and guide them on how they embed net zero into a company’s strategy and operating model. It is intentionally holistic, wide ranging and sector neutral, such that it can be leveraged by any company.
Transform to Net Zero is about leading companies championing the acceleration of the transformation of businesses and industries to achieve a socially just net zero future.