Beyond the sustainability ideal: Holding back or being held back?
While business leaders understand the importance of sustainability in building longevity and resilience, not all companies are able to act on this insight in the current economic climate.
Four out of ten (41%) respondents say their business has yet to make the leap and accept sustainability as more than an environmental issue. And just over half (52%) agree that while their business would like to be more sustainable, it is held back by a lack of budget.
For business leaders to convert this holistic understanding of sustainability into action, building support for funding investment in sustainability is vital. Some 54% of respondents agree that sustainability often means taking a long-term investment view and not going for the cheapest option available today.
“In recent years, many sustainability initiatives have been driven by demands from regulators and investors for companies to prove their environmental, social and governance credentials,” says our National Sector Head Jonathan Barrow.
“But against a challenging macroeconomic backdrop and rising inflation, we believe continued investment in broad-based sustainability will build long-term resilience.”