More than four in five sustainability leaders are confident they can meet the UK’s ambitious target to slash carbon emissions by 68% by 2030.
However energy costs are a huge worry as is current instability, when it comes to hitting net zero goals.
The findings are from Mitie’s latest ‘Net Zero Navigator’ report which surveyed more than 100 senior sustainability leaders.
It revealed energy costs as a top worry, with 57% fearing rising prices. The availability and reliability of renewable energy is also a sticking point, with over a quarter of leaders (27%) identifying it as the biggest challenge in moving away from fossil fuels.
Securing capital for transformation projects like heat pumps or battery storage is another major hurdle. Around three quarters (78%) said financial barriers are slowing progress, making it difficult to fund the projects needed to cut emissions.
Supply chain disruptions are also weighing heavily on decision makers, with 60% expecting them to impact their businesses over the next five years.
Mark Caskey, Managing Director of Projects, Mitie said: “Our report demonstrates many are still struggling to gain investment for sustainability projects – one way to address that is to integrate decarbonisation efforts into wider organisational goals.
“Rapid advancements in technology and AI hold the key to taking preventative action to create smarter buildings and manage our energy resources more sustainably.”
Despite the obstacles, the report reflects a strong determination among businesses to align with the UK’s climate goals.
