UK Firms Gearing up for Significant Uptick in their Sustainability Investments
Sustainability initiatives projected to grow at an annual rate of 13% from 2025 to 2030, a recent study reveals
by David Lewis | published 10 October 2023
This uptrend in sustainable measures marks a sharp increase from the 8% annual growth observed from 2018 to 2020, escalating to 12% from 2022 to 2025, and further to 13% in the latter half of the decade.
According to a joint study by Cognizant Research and Oxford Economics, this surge is anticipated to result in a 260% hike in sustainability-related expenditures by 2030 compared to 2018.
Infinity Energy Services is on hand to support local companies through this transition. Solar panels, battery storage and intelligent electric vehicle charging points can all help reduce carbon emissions and save significant amounts of money each year.
Rohit Gupta of Cognizant emphasized the necessity for UK companies to innovate their production to fulfill both economic and environmental objectives. He noted the initial progress made and highlighted the critical role of partnerships in utilizing new and evolving technologies to achieve sustainability targets.
The research underscores the importance of integrating sustainability into business operations for achieving long-term, differentiated growth. Predictions suggest over 35% will leverage data analytics for optimizing resource use, minimizing waste, and curtailing environmental damage.
The study also points to a misalignment in the accountability for sustainability outcomes, with CEOs often setting budgets and strategies but rarely being held responsible for the results. It calls for a more integrated approach within the C-suite to fully realize the benefits of sustainability initiatives.
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