Like any change journey, the road to net zero involves several distinct steps. Decarbonization is no longer just an option. Across of the world, companies with ambitions to stay in business over the long term are already on a 30- or 40-year journey to net-zero emissions. Companies can both decarbonize and boost long-term growth. But it means pushing beyond abatement curves’ focus on cost and instead empowering people—while making a few big, strategic bets.