Hospitality and leisure is the industry most concerned about reducing its carbon footprint.
That is according to a new study conducted by Barclays Corporate Banking that found 60% of company bosses within this sector viewed environmental sustainability as ‘extremely important’.
The sector was heralded for its climate-based efforts in the Department for Business, Energy and Industrial Strategy’s (BEIS) ‘Hospitality Strategy’ and Barclays claims this progress is being built on.
The study reveals that 70% of respondents from the industry say net zero strategy is very important to their customers, with 63% saying those views are shared by suppliers.
Transport and distribution came second to hospitality and leisure, with 63% of industry people considering sustainability to be crucial – retail & wholesale came third with 61%.
The report found that all industries predicted environmental, social and governance (ESG) targets to become far more crucial in the coming years, with transport and distribution, hospitality and leisure and technology and telecommunications demonstrating the most positive optimism.
Three-quarters of all these businesses stated they deemed compliance with environmental rules and regulations as imperative to their business model.
Marco DeBenedictis, Head of Sustainable and Transition Finance at Barclays Corporate Banking, said: “It’s very encouraging to see industries aware of the changing landscape they are operating in.
“Tighter rules and regulations around sustainability are to be expected over the coming years as we work towards greener solutions to reduce emissions across all industries.
“Our report highlights the increased focus businesses have on tackling climate change.”