More than 80% see sustainability as a core strategy of organisations

They also say that their leadership teams care about sustainability and climate change.

A total of 84% Hong Kongers believe that sustainability is a core strategy of their organisations and that their leadership teams care about sustainability and climate change. 

“Organizations have started to acknowledge the importance of a sustainable business strategy and have committed to decarbonization targets that align with government initiatives,” Simon Ng, Chief Executive Officer of BEC, said.

“However, it is shown that resources and planning towards the implementation of reduction measures are still insufficient. This leads to concerns from within the organization that they will fall short of committed targets.”

Read more: Sustainability in the workplace: In which areas should companies do more?

The report also found that 69% of respondents also say their organisation’s sustainability efforts are strongly or generally aligned with net zero targets. 

Meanwhile, 50% say their company is strongly or generally aligned with Science Based Targets. 

“An urgency to accelerate sustainability is here for corporates to take action, enhance energy efficiency, electrify, and digitalize energy ecosystems,” Jonathan Chiu, President of Schneider Electric Hong Kong, said.

“With energy demand globally anticipated to grow three-fold in the next 30 years, technology can be the enabler to tackle sustainability and energy challenges globally, and we hope that businesses will also find the value of digitization and new technologies that are already available now to accelerate electrification, digitization, and sustainability,”