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.
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