Europe business leaders to spend more on sustainability by 2026 -study

November 16, 2023 EcoVadis EN

Nine out of 10 business leaders across Europe plan to maintain or increase their sustainability-linked investments by 2026, a survey by German business software maker SAP (SAPG.DE) said on Wednesday.

Factors driving action included the need to meet board environmental commitments, with 40%; a desire to boost the way the company is viewed by society, 39%; a chance to develop new products, 38%; and to boost revenues and profit, 37%.

Edward Manderson, lecturer in environmental economics at the University of Manchester, said he had been "surprised" at how widespread the view was that "taking sustainability action improves profitability".

In its annual study, SAP surveyed 1,702 European business leaders to cast a light on the challenges companies face to advance their sustainability plans as Europe seeks to become carbon neutral by 2050.

Read the full article at:

About the Author

EcoVadis EN

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.

Follow on Twitter Follow on Linkedin Visit Website More Content by EcoVadis EN
Previous Article
Preparing for the CSRD’s Impact on US Companies
Preparing for the CSRD’s Impact on US Companies

Big changes are coming to corporate sustainability reporting in the European Union and soon in the rest of ...

Next Article
EU agrees on first-ever law to curb methane emissions 
EU agrees on first-ever law to curb methane emissions 

The European Union struck a deal on a law to tackle methane emissions from fossil fuels, paving the way to ...


Don’t Miss a Thing
Get sustainable procurement news from around the world straight to your inbox

Subscribe →

First Name
Last Name
Opt in to receive more information from EcoVadis
Thank you!
Error - something went wrong!