Ben Van Beurden, CEO, Royal Dutch Shell with Daniel Yergin, Vice Chairman, IHS Markit

When Oil and gas companies announce that they will reduce their carbon footprint by 2050, even people take notice. Ben Van Beurden, Royal Dutch Shell’s CEO, announced in November, 2017 that the company aims to cut its carbon footprint by 20% by 2035 and in half by 2050. How exactly would they achieve this bold goal? By thinking beyond the company’s own product value chain to include mechanisms to reduce carbon footprint of end users who account for 85% of their global carbon emissions. Shell has realized that, like it’s consumer packaged goods counterpart, Unilever, corporate responsibility must extend to the entire product life cycle to include the end consumer.

Successful transformations require long term vision and goals

One of the essential components of successful transformations is long term vision and goals.  These provide the aiming point for all business activities, from planning and strategy, operations and production, distribution and consumption. Van Buerden discusses the Board and C-Level journey he’s embarked upon in his speech and the Q&A that follows.

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