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Summary
- Over half of B2B respondents see ESG as a marketing exercise, with concerns about authenticity.
- Legislation and government pressure are considered the main drivers of ESG strategies.
- Only 9% of respondents believe ESG will significantly impact their businesses in the next 12 months.
- GlobalData report warns that companies must not underestimate the importance of ESG strategies for long-term success.
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Legislation and pressure from governments are perceived by 38.1% of businesses to be the primary factor behind ESG strategies.
Well over a third (38%) of companies do not have an ESG strategy, and half (50%) of respondents believe that “for most companies, ESG is just a marketing exercise”, according to a new survey.
The ESG Sentiment Polls Q1 2024 survey asked 360 respondents about the presence of ESG strategies in companies, as well as the reasons behind them and other disruptive factors impacting businesses.
It found that legislation and pressure from governments are perceived by 38% of respondents to be the primary factor behind ESG strategies, while 32% feel that the desire to improve financial performance is the key reason.
Read the full post at Energy Monitor.
