Support for the climate change agenda is on the rise in the business community as 10% of businesses now monitor their organisations carbon impact according to a new survey from the Economic Intelligence Unit.
Most businesses did not see an environmental strategy as a way to improve their market position, but more than a third of executives said carbon reduction would enhance their image. Only 15% saw it as a marketing opportunity and just 7% saw it as a way to differentiate their products.
One in six companies said that they have started to cut their carbon emissions and that measures had already boosted profits. A third expected a visible profit boost within the next three years. Only one in ten reported higher costs now or in the future as a result of undertaking such an initiative.
The pressure is now on the government to help make this new approach to business a viable one in the long-run, especially in Europe where three-quarters said tax incentives would lead to a significant reduction in CO2 emissions.
Further results from the survey included;
- A third of companies did not monitor their CO2 emissions, or supply chain emmissions and have no plans to do so
- 1 in 5 monitored its energy efficiency
- One quarter monitored some of their emissions
It is great news to see that more businesses are starting to take the environmental aspects of their business operations more seriously and it would have been nice to have seen how these results break down for the transport element of business operations. Incentives and business support from government is key to keeping the momentum going on this issue.