Many corporations are failing to implement simple, practical steps needed for them to hit their stated decarbonization goals, according to a survey of more than 300 operations managers across key industrial sectors including construction, energy, and chemicals in the U.S., U.K., and Germany.
The key findings in the survey by ESG software, data and consulting firm Sphera include:
- 85% of businesses have net-zero strategies, but a majority fail to implement them
- Nearly a third of respondents say their firms do not align with science-based emissions targets
- 40% of operations managers want carbon targets included in their performance reviews
Many respondents reported that responsibility for net zero is too heavily concentrated at the top, with 95% indicating that accountability for net zero lies solely with C-suite executives and the board of directors. Some 42% of operations managers receive little or no encouragement to contribute suggestions on improving the environmental sustainability of business operations.
Yet, the survey found a growing desire among mid-level employees to share responsibility for climate change goals, with 40% of operations managers calling for carbon targets to be included in their performance reviews. The survey also found that 40% of companies now have a public net-zero strategy, and 43% have allotted over 20% extra budget to sustainability and net-zero initiatives.
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