Most businesses and residential consumers surveyed realize the need to address climate change. But while businesses are upping the ante in managing resources, some residential consumers are still held back by cost and complexity.
The most notable indication of growing interest in environmental sustainability was a 70% increase in businesses reporting they were allocating the highest degree of effort to their resource management programs (67% in 2018 vs 39% in 2016). Cost reduction is still the primary driver (cited by 50% of respondents), but "doing the right thing" percolated up 11 percentage points in the latest study.
Other significant drivers included tax incentives, employee pressure, the likelihood of future regulatory requirements, competitive advantage, social responsibility, and current regulatory requirements. Small and mid-cap organizations report less difficulty in reducing usage than large ones.