Businesses plan to increase sustainability investment

Most businesses are planning to increase investment in sustainability to boost value creation, according to a major report.

Feedback from over 2,000 senior executives for the Capgemini report found that 82 per cent of organisations plan to up spending and 92 per cent are holding firm on net zero timelines.

Two-thirds of business leaders cite improvements to profitability, efficiency, and cost savings as a key reason for sustainability investments. Almost half of organisations say they have already realised a positive return on investment (ROI) on their sustainability investments, and most see sustainability as core to future-proofing. However, only 21 per cent have detailed transition plans.

Cyril Garcia, Capgemini’s Head of Global Sustainability Services and Corporate Responsibility, said: “With climate risks increasingly high on the corporate agenda, business leaders need to adopt a pragmatic, operational approach and urgently implement concrete, financed transition and adaptation measures. This will not only build true resilience, but also fuel innovation and competitiveness.”