Sustainability drivers, challenges and opportunities in 2018
Centrica Business Solutions has partnered with edie to publish The State of Sustainability 2018 report. This report examines the drivers, challenges and opportunities facing UK organisations as they seek to accelerate their transition to lower-carbon, more resource-efficient business models.
Carbon reduction goals
As the UK government considers how to meet the ambitious targets of the Paris Agreement and Fifth Carbon Budget, and moves towards a net-zero carbon goal, there is no doubt that businesses must take a more active approach to improving environmental performance.
Climate change is recognised as a 'business-critical' challenge that poses investment risk by many of the organisations surveyed for the edie report. Increasing consumer scrutiny into the environmental and social credentials of companies is also seen as a key driver towards improving sustainability practices.
Turning challenge into opportunity
Lack of capital funding, political uncertainty, and the problem of securing buy-in to sustainability improvements from within the business, are some of the major challenges seen as impeding progress.
Nevertheless, those surveyed identified major opportunities to achieve carbon reduction and resource efficiency via technological advancements and innovations, building sustainability skills, and collaborating with others. Unsurprisingly, driving reductions in energy consumption was seen as the top priority by many of the sustainability and energy professionals surveyed for the report.
Forward thinking organisations are recognising that it is costlier not to act on climate change. Centrica's partnerships with businesses of all types demonstrates that it is affordable and possible to reduce carbon reliance and transition to a more sustainable future. We are achieving this via our joined-up approach to energy management – using advanced technologies that enable organisations to unlock more value from their energy resources and improve efficiency.