Polling indicates corporate shift in favour of renewables

The data indicates a global tipping point with 97 per cent of mid-market and large company leaders backing a move away from coal and other fossil fuels, with nearly 78 per cent supporting the shift to a renewables-based electricity system by 2035 or sooner.

The polling by Savanta and commissioned by E3G, Beyond Fossil Fuels and We Mean Business Coalition, indicates a corporate shift away from fossil fuels towards renewables. 

Powering up: Business perspectives on shifting to renewable electricity also shows that the majority of businesses will likely relocate if governments fail to act.

In a statement, global head of practices, sustainability at Schneider Electric Sustainability business, said: "Companies embracing renewable energy today are positioning themselves to succeed tomorrow - driving greater competitiveness, accelerating innovation and unlocking long-term cost savings. Renewable energy isn't merely good sustainability practice; it's an essential strategy for businesses committed to growth, resilience and long-term success."