That’s according to new research by Schneider Electric, which suggests among this group (80%), nearly half of the organisations (49%) have decided to delay planned investments in sustainability and net zero initiatives.
Additionally, nearly 41% of these companies have identified more immediate business challenges, temporarily taking precedence over their carbon net zero objectives.
An additional 46% noted that their stakeholders no longer consider emission reduction targets as high-priority issues.
For some organisations, practical action to meet these targets has proven challenging, with 20% citing difficulties.
Kelly Becker, Zone President, Schneider Electric UK and Ireland, said: “It’s not all doom and gloom: as our research shows, business leaders still believe in their climate change ambitions – they simply need to push the subject back up the corporate agenda.”