About six in 10 executives believe they can achieve their corporate sustainability goals over the next year, according to a recent global survey commissioned by Honeywell International. But only about 16% think they’ll do so primarily through technology-driven changes, such as upgrading or replacing existing systems with newer, more efficient or more sustainable technologies.
The vast majority of the 600 business leaders surveyed — 62% — expect to hit their short-term goals mainly by modifying or eliminating operational processes or business behaviors.
Sustainability has become an increasingly hot-button issue in recent years for companies looking to reduce their carbon emissions. The idea is that by making changes now, they will see a substantial return on investment later, spend less on energy and materials, and build up infrastructure resiliency to weather-related catastrophes.