According to European Investment Bank (EIB), European Union (EU) firms continue to lead the fight against climate change compared to the US and across the EU.
A survey from EIB report 88% of the firms claim having taken action to address Greenhouse Gas (GHG) emissions with more than half of EU firms “having already invested in climate action.”
Despite this, war in the Ukraine and subsequent economical shocks are “testing firms’ resilience.”
EIB further reported 53% of the firms are dealing with weather events’ impact, while 57% of these firms invest in energy efficiency. The survey further confirm 64% of them look at waste minimization and recycling while 32% consider less polluting business areas and tech.
Meanwhile, economic climate expectations have turned negative once again (declining from +27% to -53%).
Firms in the EU have made progress in climate action investment including both mitigation and adaptation-related activities.