Covid giving industry ‘net zero’ opportunity, says report

Commissioned by environmental consultancy South Pole, the survey involved 120 sustainability leaders from sectors such as industry and manufacturing, consumer goods and services, finance, property and construction.

It found that for a majority of organisations (65 per cent), Covid-19 had not negatively impacted their climate mitigation action, with 38 per cent remaining on course and 27 per cent increasing their efforts. Just one in five respondents said their sustainability progress had slowed down, with an additional 16 per cent putting a temporary pause on climate action due to economic uncertainty.

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“Our survey indicates that the Net Zero ambitions of most organisations are not only showing some immunity to the COVID-19 crisis, but many are actually using the major reset to accelerate their responses to the even greater threat of climate breakdown,” said South Pole CEO, Renat Heuberger.