Summary of Our green transformation

00:00:00 - 00:15:00

The company in the video is working on a major transformation to renewable energy, and they are making progress despite some resistance. They are aiming to become carbon neutral by 2025, and they are working on making the transformation as smooth as possible.

• 00:00:00 The video discusses how the company's transformation to renewable energy required a major change in direction, and how resistance from some parts of the business was difficult to overcome. The company eventually decided to invest in offshore wind power, an area where it had a competitive advantage.
• 00:05:00 The video discusses the development of offshore wind in Denmark, which initially failed because of the high costs and difficult engineering challenges. However, the industry achieved cost reductions and became more competitive, eventually setting a target for the price of electricity from offshore wind. This decision was met with resistance from some within the industry, but was ultimately successful in reducing the costs of offshore wind and bringing it closer to being competitive with other forms of renewable energy.
• 00:10:00 This company is doing something good for the environment, and they are at the forefront of the green transformation. They are making progress by engaging with stakeholders and being patient in the communication process. They are aiming to become carbon neutral by 2025, and this is a major breakthrough for the green transformation. They need to be ready to make sacrifices and move forward, and it is impossible to draw a linear path and say "This is the road we're taking."
• 00:15:00 The video discusses the company's transformation from 7% of profits coming from renewables to close to 100%. The video also discusses the importance of culture and the importance of not resting on one's laurels. The video ends by talking about the company's next transformation, which is to leverage the strengths and insights and capabilities of the company to help countries all over make a transformation for everyone and accelerate the fight against climate change.