In addition, almost half of respondents said their company was actively working to reduce their carbon footprint, and one-third said they were compensating for their carbon emissions with sustainability initiatives.
PwC’s survey unsurprisingly found larger companies with specialist tax and finance teams and well-resourced research and development and sustainability departments feel better informed and prepared for the coming challenges.It suggested the provision with the greatest potential impact was the proposed carbon border adjustment mechanism , which will apply to certain carbon-intensive imports.