There have been a lot of questions regarding how the new American presidency will impact corporate environmental actions.
Per this new PwC study:
- 84% of businesses are accelerating or maintaining their decarbonization efforts.
- Only 16% have slowed down or stepped back their commitments.
The report also repeated what we have been seeing for years – sustainable organizations make more money than non-sustainable ones.
- 6% – 25% more.
Another key point is that smaller companies are now joining the big companies in making climate commitments.
- The average size of companies making climate commitments is 64% smaller than they were just four years ago.
Why?
- Supply chain pressure – big companies are pressuring their supply chains to decarbonize in order to meet Scope 3 mandates.
What does this mean for your company?
- The environmental sustainability ‘trend’ is not a trend and is not going away.
- Sustainable companies make more money. If you are not certified sustainable, you are not making as much money as a certified sustainable competitor. If you own your company and don’t care about making more money, that is fine. But if you report to an ownership group, expect someone to ask why you have chosen to let competitors take market share.
- If you are a supply chain vendor, expect your Scope 3 letter and conversation.
If you prefer to act rather than just watch others act, read this on what you want in a sustainability program, watch this master class, and contact us.