Business managers from around the world accommodate perspectives on the impact economic downturn could have on corporate sustainability the initiatives in major Deloitte canvas
A survey of hundreds of top business administrations by consultancy beings Deloitte advocates the Covid-1 9 crisis could retard sustainability strategies at firms various regions of the world, despite climate change impacts remaining a major concern within the overwhelming majority of organisations.
A poll of 750 business leaders published this morning by the management consultancy firm has is demonstrated that 65 per cent of executives said their company is required to “cut back” on environmental sustainability initiatives in some way as they strive to handle the fall out from the pandemic.
Despite high-profile announces from across the corporate sector for a ‘green recovery’ from the pandemic and a glut of net zero deposits launched during the past year, Deloitte’s survey highlights how simply 23 per cent of executives polled expected the companies they worked for to ramp up their environmental sustainability plans following the completion of the health and economic crisis.
The revelation from business insiders that sustainability programmes “couldve been” hindered in the wake of the economic downturn comes despite widespread expressed concerns about the atmosphere crisis among business leaders, according to the findings. Some 82 per cent of business leaders described their organisation as either “concerned” or “very concerned” about climate change impacts and 81 per cent of executives agreed or strongly agreed that businesses could do more to protect the environment.
Meanwhile, around 30 per cent of respondents said their company was already starting to feel the operational impact of climate-related disasters.
Michelle Parmelee, representative CEO and director parties and purpose officer at Deloitte Global, described the results of the survey as “mixed”, but stressed the findings highlighted the business case for attacking climate change and impelling environmental sustainability “a true-blue imperative for executives”.
“On the one side, the pandemic has retarded some of the momentum toward combatting the climate crisis that has been building over the last couple of years, ” she said. “On the other hand, there has emerged a newfound sense of determination that if we act now, we can alter the course of climate change and shunned worst-case scenarios case scenarios down the line.”
The survey divulges the top four activities being prioritised by companies to combat the environmental emergency are the adoption of public policy importances that promote sustainability and climate change action, work to ensure suppliers and business partners meet specific environmental sustainability criteria, use of more sustainable fabrics, and drilling the board and senior management on atmosphere issues.
Remote working was also identified by business leaders as an act become more prioritised by fellowships as a means to reduce their environmental impact. Some 38 per cent of respondents is demonstrated that their firm had promoted manipulating from home as a means to reduce emissions from passage, up from the 19 per cent recorded in early 2020, before the pandemic interpret empoyees around the world pivot towards dwelling working to avoid the spread of the virus.
Despite the current economic headwinds, the findings highlight how ministerials are universally confident about the future, with approximately 63 per cent of executives claiming they speculated the worst impacts of climate change can be limited if immediate action is made. However, a third of respondents agreed with the statement that the world had “already hit the point of no return” and that it was “too late to repair the damage”.
Read more: businessgreen.com