Companies still lack bankable incentives to invest in net zero
Business leaders talk a great deal about climate change and sustainability. But what happens in the boardroom and shop floor can be a very different story.
My team works at the coalface of the net-zero transition, advising companies and assessing the risks of climate action and inaction. Client work and surveys are helping us to see the forest and the trees.
Recent surveys include the EY Global Corporate Reporting Survey and the EY 2022 Sustainable Value Study, together covering 1360 chief financial officers, 320 respondents from major buy-side institutions, and more than 500 chief sustainability officers (CSOs) and equivalents across multiple countries and sectors. About a third of organisations in the first report revenues of more than $US10 billion ($10.4 billion) a year, while all the organisations in the other have revenues above $US1 billion a year.
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Blair Comley is Head of EY’s Net Zero Centre and PJP Partner. He is a former head of the Department of Climate Change and Energy Efficiency.
