Four key issues facing European countries involve Brexit, sustainability driving revenue, sustainability as a source of competitive advantage and a tightening of sustainability budgets.
The issues, part of a larger report issued by ethicalcorp.com, draws on responses from 2,500 business professionals operating in Europe.
Many survey respondents noted that Brexit will have a negative impact on sustainability investment decisions. More than half of those surveyed say sustainability is driving revenue for their business. Just over 20% say sustainability as a competitive advantage is the single most exciting opportunity for their organization in 2017. However, just 25% of respondents say their sustainability budgets will increase in 2017.
Earlier this week, a study released by Lucid and Urjanet showed that the majority of companies – 71 percent – continue to be committed to sustainability, reducing energy use, and improving overall performance of the built environment, despite the current US administration’s efforts to dismantle Obama-era environmental regulations.
The 2017 Sustainability Outlook Report: Sustainability in the Age of Trump, a survey of sustainability professionals, facilities managers, and building operators, also found that almost one-quarter (24%) of organizations increased their commitment to sustainability in the face of new federal administration.