Measures to address carbon emissions from property have only been put in place by a third of companies, according to new research from Mace.
The firm’s second annual carbon survey found that 36% of organisations have a carbon reduction strategy in place to address the emissions from their property and estate portfolio.
Overall, however, the report highlights how business leaders are putting the changing climate at the heart of their strategy.
It examines carbon reduction efforts across property and infrastructure, as well as business strategy, and draws on research by YouGov of 627 private sector senior management leaders.
This shows that private sector organisations in the UK are preparing for a significant shift in how they do business driven by the carbon agenda.
Using broader data which included responses from Mace’s global clients, the report suggests that since October 2020, there has been a 39% rise in companies increasing their carbon reduction efforts and a 25% increase in the number of organisations with a carbon strategy.
However, despite the commitments, 29% of companies around the world are still trying to work out how to identify and record any savings from carbon reduction initiatives. This figure rises to 40% when looking at businesses with less than 5,000 employees.
The survey underlines how the climate change agenda is impacting organisations around the world:
- The majority of private sector leaders in the UK (58%) believe that climate change will force changes to their business model
- 69% of leaders would use sustainability as a factor in accepting a new role – and 21% would only work for a business that is committed to being sustainable
- Just under half of organisations (45%) are planning on changing how they use their office space, with 1 in 5 (21%) reducing the amount of office space they use
- However, only 36% of organisations have a carbon reduction strategy in place to address the carbon emissions of their property and estate portfolio
- And nearly in 1 in 4 (24%) believe that recent global climate conference COP26 will not have any long-term impact on how they do business
Mace Group chief executive Mark Reynolds said the research “shows that although companies across the globe are responding quickly to climate change, there is still a huge amount to do”.
He added: “Personal appetites for change aren’t being matched by corporate strategy, particularly around the carbon generated from corporate property portfolios. As an industry we must be prepared to work together to deliver a sustainable future.”
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