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Historical hits and misses Over the past 15 years, the sustainability landscape has evolved, with advances in knowledge and climate technology and changes in costs, policy, and regulation. Over the past few years, NBS have been increasingly incorporated into policy frameworks and financial mechanisms.
In our 2023 Sustainability Report , we saw a 3% reduction in absolute carbon emissions, and a 13% reduction in carbon intensity when compared to 2022. Many industries, and particularly manufacturing and energy, have extensive supplychains that span multiple countries and involve numerous stakeholders.
We have seen an explosion in digital adoption from businesses across the supplychain over the past year, with COVID induced remote working putting a knife into the stranglehold that manual processes had in some corners of the industrial businessworld. No more hiding behind thousands of opaque emailtrails.
I hope we can work with our European partners to drive down costs and unlock a new era of innovation and collaboration across our shared energy mix from offshore wind, hydrogen to carbon capture all secured by domestic oil and gas production and our world class supplychains.
They will need to upskill the workforce, adapt the technology infrastructure, accelerate data productization, and deploy agent-specific governance mechanisms. In a complex supplychain environment, for example, an AI agent could act as an autonomous orchestration layer across sourcing, warehousing, and distribution operations.
Real-time data sharing enables better decision making across the entire energy supplychain. Companies can confidently report their sustainability achievements knowing their data is verified and auditable. This transparency builds trust among all stakeholders in the renewable energy ecosystem.
Middle Eastern Unrest: Iran-Israel tensions heightened fears of supplychain disruptions, potentially escalating oil and LNG prices. The adoption of Article 6 established a global carbon trading mechanism, incentivizing emissions reductions. COP29 Outcomes: Held in Azerbaijan, COP29 resulted in a $1.3
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