Over 90% of Companies Planning to Increase Environmental Sustainability Budget

Overall, the survey indicated that the business leaders were satisfied with the results of their recent sustainability efforts, with around 90% reporting that they were “Somewhat or Extremely Successful” with their prior 12-month goals across the four categories. Fewer carried this confidence going forward, however, with only two-thirds saying they were optimistic about achieving goals over the next 12 months, and 63% optimistic about their 2030 goals The lower confidence in achieving future goals was reported despite widespread plans to increase spending on sustainability initiatives. Nearly three-quarters of respondents said that their organizations plan to increase budgets for the next 12 months in all four categories, and nearly all (97%) planning to increase the budget for at least one of the categories. Many of the increases are expected to be substantial, with between 40% – 50% in each category anticipating budgets to grow by more than 20%.

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