Honeywell and The Futurum Group combine to produce a quarterly environmental sustainability report. This edition closes out 2023 and says the following:
- Sustainability ranks as the #1 corporate priority – 34% higher than 2nd place digital transformation; 50% higher than 3rd place market growth and 4th place financial performance; and double customer experience, workforce/talent, security/trust and business continuity.
- While 21% are increasing sustainability spending by more than 50%; almost all are increasing sustainability spending; and less than 2% are decreasing their sustainability spending.
- Driven by Scope 3 and government mandates, 70% have emission reduction plans.
If this is not consistent with the actions and direction of your organization, either the study group respondents have their finger on the global pulse or you do. Per one of our prior posts, the Bank of England believes any organization not following this course will not survive.
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