The majority of businesses are currently adopting environmental sustainability practices, according to a new study. However, fewer than one-in-ten firms are actually focusing on reducing their carbon emissions.
With public pressure to address climate change mounting, businesses are finally taking action to try and mitigate their impact on the environment. However, the vast majority of firms are looking into compensatory measures, rather than looking to reduce their actual output of carbon emissions.
A new study from Eden McCallum has surveyed over 150 executives across Europe on their efforts to implement sustainable business practices. First of all, a majority of 78% of all respondents noted they had an environmental sustainability policy in place. While this number varied between publicly listed companies – whose visibility motivated a higher number to have such plans, to have time-bound targets, and to publish them – more private firms had implemented these measures than had not.
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EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.
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