THE GREEN INITIATIVE
Sustainability & Net Zero: The Next Frontier
Regentology is the first company of its kind to transition to a net zero society
Climate change and the energy transition
The world needs a rapid transition to net zero. To meet the goals of the 2015 Paris Agreement we believe society must take decisive and collective action. We believe companies that have begun a process of transformation to net zero, as bp has, will be critical in delivering the opportunities presented by the energy transition and achieving these goals.
Why net zero matters?
The world’s carbon budget is finite and running out fast; we need a rapid transition to net zero. We all want energy that is reliable and affordable, but that is no longer enough. It must also be cleaner.
To deliver that, trillions of dollars will need to be invested in replumbing and rewiring the world’s energy system. It will require nothing short of reimagining energy as we know it. This will certainly be a challenge, but also a tremendous opportunity. Regentology will play its part and serve our purpose, we have to change. And we want to change – this is the right thing for the world and for Regentology.
We continue to evolve our business and protect our climate, and the world needs to deliver absolute emission reductions. We are proud to have the most ambitious absolute emissions reduction target for 2025 in our sector. This complements our carbon reduction roadmap, which is aligned with the goals of the Paris Agreement.
Our roadmap includes plans to:
- We plan to meet our office energy needs with 100% renewable electricity by 2025 as part of our commitment to the global corporate renewable energy initiative.
- Replace carbon‑intensive fossil fuels with biomass and alternative fuels
- Invest in renewable energy
- Improve operational eco‑efficiency
- Work collaboratively to develop the technologies, strategies and policies needed across our industry
- We’ve set five aims to get us to net zero by 2025 or sooner
Alongside these dedicated plans, we also consider other actions we can take involving our people that have a positive environmental impact. For instance, we are planting 100,000 trees by 2025, this equated to 5 trees to represent each team member and agent partner of Regentology.