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November 14, 2023

More than 80% of Businesses to Increase Environmental Sustainability Spend in Next Year


Honeywell's recent Environmental Sustainability Index indicates a significant surge in corporate commitment to environmental sustainability, with over 80% of companies planning to boost spending on such initiatives in the next 12 months. 

The findings, reflect the growing prioritisation of sustainability goals among corporate businesses. 

The report, a collaboration with Futurum Research and based on responses from over 750 sustainability professionals, reveals that sustainability remains a top priority for 75% of organisations.

Energy Evolution & Efficiency leads, cited by 62% of respondents, followed by Emissions Reduction at 47%. Notably, 88% of businesses plan to increase budgets for Energy Evolution & Efficiency in the coming year. 

Executives express heightened confidence in meeting both short-term and 2030 sustainability goals, with Emissions Reduction seeing a notable increase from 65% to 72%.

If you're looking to prioritise your environmental sustainability goals over the next 12 months, get in touch to learn more about ESG strategy development.