Management consulting firm Oliver Wyman announced the launch by its research and leadership community Oliver Wyman Forum of Climate Action Navigator, a new tool aiming to enable public and private sector leaders identify and assess meaningful actions in order to meet climate goals.
The navigator identifies emissions levels for 22 industry sectors in 12 global regions, and explores the actions that would be needed to reach the goal of cutting emissions in half by 2030, a level seen as being consistent with limiting global warming to 1.5 degrees C.
The new tool is being launched as business and government leaders increasingly announce commitments to reduce their climate footprint, and attempt to determine the best pathways to achieve their goals. The platform explores the impacts of multiple carbon-reduction strategies by region and industry, across key action areas such as changes in energy and fuel usage, building construction and heating, industrial processes and transportation, land use and food efficiency, and negative emission technologies.
Nick Studer, CEO of Oliver Wyman and Vice Chair of Marsh McLennan, said:
“We are seeing accelerated growth in corporate climate action as more and more companies make net-zero commitments. However, the actual actions companies need to take in order to meet these commitments are often unclear. We wanted to demystify the process by developing a tool that will provide leaders with the actual steps they need to take in order to lower their carbon emissions.”
Click here to explore the Climate Action Navigator.