Industry taskforces
Energy Transition Taskforce
At the invitation of His Royal Highness The Prince of Wales, leaders from a number of the largest and most influential energy companies have come together to form an Energy Transition Taskforce (ETTF) as part of the SMI, to drive progress as a group and accelerate the transition to a resilient, prosperous, low carbon, and sustainable energy future – guided by the relevant aims of the UN SDGs and the Terra Carta.
The ETTF, chaired by bp’s CEO Bernard Looney, has committed to supporting the energy transition by mobilizing capital toward decarbonising and green activities: reducing the carbon intensity of traditional energy and scaling the development of renewable generation, and by supporting customers with innovative products and services that encourage and enable sustainable choices.
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Latest news from the Energy Transition Taskforce
Energy Customer Transition Video
The Energy Customer Transition Taskforce aims to build positive momentum towards a customer-centric (and just) energy transition that helps people and businesses across the globe benefit from more affordable, green energy and play a part in achieving net zero.
The focus is expansive, looking globally from customers who have limited or no access to electricity, to well-served households connected to a grid, to businesses of all sizes from large industrial and commercial energy users to small and medium enterprises.
The task force will be highlighting the actions that energy companies, investors and large corporations in particular can take to bring about a customer centric transition. The video below is the first step in building interest and momentum towards this goal.
Letter of Intent
Download the full Letter of Intent
In coordination with other SMI taskforces, the ETTF is focusing its attention on delivering action across three specific areas: Decarbonising and Greening, Pace, and Customers. Significant work is already underway in many of these areas. The ETTF will align with existing initiatives to deliver tangible progress following on from the 26th UN Climate Change Conference of Parties (COP26) in November 2021, which marks a significant milestone in global efforts to combat the impacts of climate change.
HRH The Prince of WalesThe energy industry is exceptionally well-placed to understand the actions needed to transition the world to a low carbon future, and has the capabilities to deliver that action. This is why I am so pleased that a large number of the world’s leading energy companies have joined together to drive progress as a group and accelerate the transition of the industry to a resilient, low carbon, and sustainable future.
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Latest news from the Energy Transition Taskforce
Membership composition
The Energy Transition Taskforce is championed by Bernard Looney, CEO of bp. Its members are drawn from across the global energy industry, including:
Bernard Looney
Arun Banksota
Nick Wayth
Anders Opedal
John Neal
Mohamed Jameel Al Ramahi
Greg Jackson
Nick Studer
Sumant Sinha
Keith Anderson
Bernard Looney, bp CEO and taskforce championThis coming decade is critical for the world in the fight against climate change, and to drive the necessary change in global energy systems will require action and collaboration from everyone. Energy companies will be crucial in helping to ensure a successful transition – by decarbonising our own businesses, and providing the engineering, science and commercial skills needed to help our customers do the same
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Further information
For roundtable and taskforce enquiries please contact the Sustainable Markets Initiative Secretariat:
Email: info@sustainable-markets.org
For media enquiries please contact the Sustainable Markets Initiative Communications team: