More than one-third of Australian businesses are struggling to achieve their carbon emission reduction targets, according to a new survey.
Amid shareholder activism and focus on ESG issues, most companies have made broad commitments to reach net zero by 2050, or even earlier.The Viridios survey found 35 per cent of respondents, who came from a cross-section of industries including manufacturing, construction, agriculture, transport, logistics and professional services, said they would struggle with their carbon obligations.
“Professionals working with substantial emitters are even more supportive [61 per cent] than other emitters [39 per cent] for including international credits under the safeguard mechanism,” the survey said. “In particular, despite Australia’s best efforts to decarbonise, carbon credits will be necessary if we are to achieve our climate targets.”