European companies embrace decarbonisation ambidexterity to combat climate change.
Companies in Europe are working on ways to reduce their carbon footprint to combat climate change. They need to balance exploring new eco-friendly innovations with improving their current practices. By analyzing reports from 410 European companies, researchers found that companies are using a mix of strategies to achieve their decarbonization goals. This includes exploring new technologies and knowledge while also making improvements to their existing processes. To be successful, companies must focus on both exploring new ideas and exploiting current practices to reduce their carbon emissions.