Top 5 Takeaways from Day One at EMEX London
👉 Thanks to EMEX London for a fantastic event at Excel. Good business is good business.
💡 Here are our top five takeaways from day one.
Collaboration is the answer.
The industry is (quite literary!)at the beginning of decarbonisation. The majority of organisations are figuring out their 10-year targets. Some have targets, but how to achieve those is unclear. The challenge is exciting and daunting. No one organisation has all the answers. Collaboration, targets and procurement are key.
🙌 Thanks to Sonya Bhonsle (CDP)
No one right way
It's a new world. Understanding energy is a steep learning curve. As Lorna McAtear put it: 'I can now quote the colours of the hydrogen rainbow.' Transitioning to EV requires a different mindset and careful planning with thoughtful education. Organisations must consider their business profile and operating model, working with all departments to find an effective transition strategy.
🙌 Thanks to Lorna McAtear (National Grid), Mathew Dale (Mitie Energy), Olly Craughan (DPD UK)
We're all energy companies now
Energy is the new battleground. From governments to businesses, everyone is thinking about how to create, conserve and use it. Nothing is driving change more than rising energy costs. Smart companies won't wait. They'll aim to use their investments in buildings and assets to save costs and create revenues.
🙌 Thanks to Tony Wright (EBM)
(In)convenient truths
If we cut < 1-mile journeys in the UK, we cut emissions by 40%. Each year air pollution causes approximately 40,000 deaths. Society is having to rethink mobility. Achieving Net-Zero is complicated, from energy creation and transitioning to supply chains and costs. CarbonLaces estimates it costs £21,000 for the average home to go green. There is no perfect moment.
Holes in Infrastructure and data
National Grid is investing £17bn to upgrade the grid. However, more investment in infrastructure and better legislation is critical. There are also data gaps and quality challenges. Companies must get creative in pulling data from legacy systems and combining it with other sources. Decarbonisation is not straightforward. Business is sending an SOS for bold action by the government.
Creating the products/services of the future
Politics, society and technology are creating new needs. This is a risk and opportunity. The National grid provides APIs, fueling new services around tracking carbon footprints. Natwest is super smart in exploring how best to link finance and green. How do we ensure innovation lands on fertile ground? Experiment.
🙌 Thanks to Tracie Callaghan (NatWest), Nicholas Head (XPO Logistics Europe), Garry Birmingham (FirstGroup plc) and Matt Pumfrey (Innovation Gateway).