Based on surveys of more than 500 senior decision-makers from large global organizations, this year’s report identified trends both encouraging and troubling. The share of companies rating their sustainability programs as either “extremely” or “considerably” successful has significantly increased from a combined total of 28% in 2020 to 68% today. Additionally, half of companies (52%) are already making fundamental changes to their business model to achieve long-term decarbonization commitments.
However, many organizations continue to approach decarbonization as a limited, narrow initiative instead of the transformational, whole-business approach it needs to be. And majority of companies acknowledge they still need to integrate “significant change” or “complete transformation” of some fundamental business practices — including technology and data, sourcing and supply chain, employee skillsets, and even the products and services they offer — to reach their long-term decarbonization commitments.
