65% of Businesses Believe Reducing CO2 Emissions is Essential for Enhancing Bottom Line & Attracting Investors

Leading facilities management company, Mitie, has released its Net Zero Navigator 2024 – revealing crucial insights into corporate sustainability.

The survey, based on responses from 100 sustainability leaders from organisations with more than 1,000 employees, reported key findings including:

Challenges and Opportunities

While 33% of businesses felt a lack of confidence in their ability to predict energy use, a resounding 65% acknowledged the pivotal role carbon reduction plays in enhancing bottom line performance and enhancing investor engagement.

Technological Advancements

Technology looks set to play a big part in facilitating corporate decarbonisation, with 57% of businesses implementing smart solutions to automate carbon reporting, forecast energy supply and demand, increase the reliability of grid connections, and more. 

Fleet Decarbonisation

Despite the five-year delay on the ban of new petrol and diesel vehicles, the survey showed an unwavering commitment to fleet decarbonisation in line with the original deadline.

However, the survey also uncovered some significant barriers to EV adoption, with 35% citing charging costs as a significant hurdle. 

Beyond Energy

Finally, the report highlighted additional sustainability areas for businesses to consider in their net-zero aspirations. Reducing water consumption is identified as an "easy win" for cutting Scope 3 emissions, while circular procurement practices can help minimise waste and associated emissions.

Conclusion

The Mitie Report shows that sustainability is on the 2024 agenda for businesses across the board.

Not sure where to start? Get in touch using the form below and learn how to kickstart your 2024 sustainability strategy.

Source: The Net Zero Navigator 2024 | Mitie