Monday 11 September 2023

Energy crisis puts business net zero goals at risk

Energy crisis puts business net zero goals at risk

Nearly 80% of business leaders in the UK and Ireland's energy sector believe the ongoing energy crisis will impact their organisations' ability to meet emissions reduction plans.

That's according to new research by Schneider Electric, which suggests among this group (80%), nearly half of the organisations (49%) have decided to delay planned investments in sustainability and net zero initiatives.

Additionally, nearly 41% of these companies have identified more immediate business challenges, temporarily taking precedence over their carbon net zero objectives.

An additional 46% noted that their stakeholders no longer consider emission reduction targets as high-priority issues.

For some organisations, practical action to meet these targets has proven challenging, with 20% citing difficulties.

Written by

Bruna Pinhoni

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