A new report by ENGIE Impact appears to reveal that attitudes to sustainability are lagging among company executives – only 45% of execs who participated in ENGIE Impact’s global 2020 study see sustainability as a top or high priority. However, 75% believe it will be a high priority in five years and that excellent execution of a leading sustainability strategy will provide a competitive advantage.
The findings of the survey come at a critical time for climate change and business sustainability, with high-level organisations such as the International Monetary Fund and Bank of England recently warning of the serious threats that climate change can have on growth.
Despite the positive attitude towards the importance of sustainability in half a decade, the majority of company executives concede they are failing today – less than 30% believe their sustainability initiatives to date have been successful.
