Foreword 3

Executive summary 4

1 Reframing decarbonization as an opportunity for growth 5

2 Decarbonization drives business value 8

  2.1 Bottom-line gains, business resilience and top-line growth 9

  2.2 Value chain benefits 10

3 Business-driven review of decarbonization solutions 11

  3.1 Phased approach across three levels of business priorities 11

  3.2 Ten decarbonization solutions in focus 13

  3.3 Real-world case studies 21

4 The way forward 27

Contributors 30

Endnotes 32