In 2022, we established a governance structure and decision framework to operationalize and achieve our net-zero operational emissions ambition through business planning, collaboration, project execution, technology advancement and innovation that complements our Sustainable Development governance鈥痵tructure and decision framework.鈥疶he Net-Zero Executive Council (NZEC) and Net-Zero Leadership Team (NZLT) will provide direction and decision making necessary to properly resource and execute actions to achieve our net-zero ambition. Our executives’ engagement and ownership of these efforts will drive accountability and action across the company.
NZEC provides oversight and direction on enterprise-wide strategies, policies and progress toward achieving our net-zero operational emissions ambition and interim emissions reduction targets. With coordinated membership and timing, NZEC and SPEC meet regularly to align net-zero objectives with our Climate Risk Strategy and external commitments. Responsibilities include:
NZLT, whose membership includes BU presidents and leaders within LCT, HSE, Global Technical Functions, SD, IT, Planning and Development, Legal and Public Policy, provides oversight on operationalizing the net-zero operational emissions ambition in our BUs and provides functional support and subject matter expertise. The NZLT addresses tactical implementation issues and decisions relating to BU-level target setting, ensuring alignment with corporate targets. Responsibilities include:
NZEC and NZLT are also supported and advised by the cross-functional Net Zero Advisory Council (NZAC). NZAC are partners for collaboration alongside Low Carbon Technologies to: