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"I am definitely seeing a pivot in how sustainability and decarbonising organisations have been talked about in terms of value rather than just regulation."

Even for those of us in the energy sector, the energy transition is a tricky business. But there is one thing that's clear to everyone, from big companies to individual homes: switching to low-carbon energy is good for the planet and good for your wallet.

On this week’s episode of Energy Enablers, Gerard Gallagher, EY Global Sustainability Leader — Clients & Industries, explains how businesses are increasingly driven by opportunities like cost-efficiency and innovation, rather than just regulation, in their approach to energy transition and decarbonisation.

"I'm a big fan of taking all of the complexity out there and thinking about those three phases of measure, plan, and act."

Gallagher identifies three steps businesses should take when discussing their decarbonising strategies: measurement, planning, and action. 

He then highlights the need for "hyper-collaboration" across a business and with external stakeholders to get the full buy-in to decarbonisation efforts. 

"Sustainability has got a new best friend. It's capitalism."

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