A HSBC survey of 450 sustainability decision makers in German, French and UK companies found that 65% have already established climate transition plans, while a further 26% have started implementing or developing plans.
In addition, 84% respondents said they plan to accelerate their transition plans in the next three years and 96% identify the climate transition as a commercial opportunity.
High costs and budget constraints were cited as a key challenge by a third of respondents, and a quarter highlighted the lack of clear regulatory guidance in this space.
Companies:HSBC