Every year, companies spend more than $450 billion on energy and sustainability initiatives while 63% of Fortune 100 companies have set clean energy targets. McKinsey & Co. also reported that 60% of organizations are more engaged with sustainability than they were two years ago.
To find out what motivates companies — and what might stand in the way of them making energy, carbon and cost-cutting strides — Schneider Electric partnered with GreenBiz Research to survey specialists and executives from top companies around the world. Responses from more than 300 professionals formed the resulting Corporate Energy & Sustainability Progress Report.
Here are just a couple of the notable findings:
- 93% of respondents use energy efficiency measures to reduce carbon emissions, but only 20% currently use distributed energy resources, such as battery storage, microgrids or fuel cells.
- 52% of companies reported that they use basic spreadsheets to track increasingly complex energy and sustainability data, and 20% of organizations still don't share related information and insights across departments.
Dig into the report for a more detailed understanding of the macro trends. And to get micro, take the opportunity to compare your business against the survey respondents.
How do your initiatives stack up to others in your industry, to the whole? It’s time to find out. Complete the Energy & Sustainability Progress Assessment to identify where you are leading as an organization and where you have the opportunity to improve.