Publications
Publications
- June 2024
- HBS Case Collection
Climate Governance at Linde plc (B)
By: Lynn S. Paine, Suraj Srinivasan, Emilie Billaud and Vincent Dessain
Abstract
In July 2023, the Linde plc board of directors' sustainability committee convened in London to review the company's environmental performance, with a focus on decarbonization and clean energy. Linde was the world's largest industrial gas supplier, with a workforce of more than 65,000, operations in over 100 countries, and annual revenue of some $33 billion. Two years earlier, the company had announced its "35 by 35" target, pledging to reduce its greenhouse gas emissions by 35% by 2035, with the aim of achieving climate neutrality by 2050. The company also committed to investing $50 billion in clean energy projects. The sustainability committee had to take stock of the company's progress and determine whether the previously announced goals should be retained or modified.
Keywords
Climate Change; Environmental Sustainability; Green Technology; Multinational Firms and Management; Corporate Accountability; Corporate Disclosure; Corporate Governance; Governing and Advisory Boards; Compensation and Benefits; Innovation Strategy; Leading Change; Goals and Objectives; Business and Shareholder Relations; Chemical Industry; Energy Industry; United States; Germany; Europe; North America; London
Citation
Paine, Lynn S., Suraj Srinivasan, Emilie Billaud, and Vincent Dessain. "Climate Governance at Linde plc (B)." Harvard Business School Supplement 324-141, June 2024.