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Ernst & Young (EY) announced the results of the 2023 Sustainable Value Study, prepared with the participation of companies with basic maturity in the field of climate change and sustainability. The study, which included 520 companies around the world, reveals that progress in the field of climate change is slowing down and there is a decline in the reduction of greenhouse gas emissions.
The study revealed that there was a decrease in the reduction of greenhouse gas emissions from 30% to 20% worldwide and a delay in reaching net zero carbon targets from 2036 to 2050. The report, prepared with the opinions of 105 senior executives responsible for sustainability in Turkey, shows that Turkish companies are ahead in making climate commitments compared to global companies, but they act slower in implementing the commitments.
60% of companies plan to increase their investments in the field of climate change. The main motivation for these investments is stated to be increasing resilience against risks that may arise in the future.
Inflation, supply chain issues and geopolitical crises have caused 20% of companies to revise their climate commitments. While 95% of leading companies continued their commitments, this rate dropped to 67% for observer companies that took the least action.
World Newspaper
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