Leadership perspectives: COP28 milestones

Published on December 18, 2023

A historic agreement was reached at COP28, binding nations to transition away from fossil fuels. Group CEO, Bernd Frühwald and Head of ESG, Åsne Burgess Øyehaug delve into the significance of this pivotal accord, discussing its implications and opportunities for the industry and for Saferoad.

COP28, Dubai 30 November – 12 December 2023
COP28, Dubai 30 November – 12 December 2023

Impact and next steps

Following the closure of COP28 in Dubai, a pivotal global assembly uniting representatives from 200 countries, the conference culminated in a watershed moment - an agreement to transition out of fossil fuels. This groundbreaking decision, long overdue according to scientific consensus, marks an unprecedented milestone. At Saferoad, we acknowledge our role within the broader context of global emissions and the pressing need to align with the newfound commitment to transition out fossil fuels.

Tune in to the talk with Bernd Frühwald and Åsne Burgess Øyehaug. 

Key takeaways

  • COP28 in Dubai signifies a monumental global conference gathering representatives from 200 nations to address climate change and push for an accelerated departure from fossil fuels.
  • The conference finally solidified an agreement to transition out of coal, oil, and gas, a historic move after 27 conferences without such definitive language.
  • Pre-COP28 assessment by the UN Climate Change body indicated insufficient progress in national action plans to curb global warming, despite concerted efforts at COPs.
  • Although the outlook remains challenging, the explicit commitment to transition away from fossil fuels at COP28 represents a significant step in the right direction, inspiring hope for collective action.
  • Saferoad has commited to setting targets aligned with SBTi (Science Based Targets initiative) and developing a comprehensive roadmap with clear objectives and KPIs to reduce both direct and indirect emissions.
  • The company aim to define these targets and establish a roadmap by next year, recognizing the need for a clear plan towards net zero emissions as imperative for future operations and sustainability leadership.
  • Group CEO has signed the CEO Statement from Nordic Businesses, reaffirming the commitment to global sustainability and transition to a net-zero future. 
About the Science Based Targets initiative

SBTi is a collaboration between the Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the World Wildlife Fund (WWF), which helps companies to set and achieve ambitious climate targets aligned with the latest climate science.  

Read more about the Science Based Targets initiative >>