The Environmental Sustainability Index, a quarterly report published by Honeywell in collaboration with The Futurum Group, surveyed more than 700 professionals involved in their companies’ sustainability efforts to better understand how companies prioritize sustainable investments in sustainable approaches and development.

In the “The Future Is…” podcast episode, John Waldron, Chief Commercial Officer of Honeywell, explains how the Environmental Sustainability Index can help identify trends and increase transparency of future-focused companies’ sustainability efforts.

What’s new in the Environmental Sustainability Index for the third quarter of 2023? Here are the most important trends:

Political and regulatory factors have caused companies to focus more on sustainability
Seven in ten companies surveyed said the political and regulatory environment had a positive impact on their sustainability initiatives over the past 12 months.

Energy and Manufacturing Companies Focus on Short-Term Sustainability
About 80% of global energy and manufacturing companies say sustainability will be their most important initiative in the next six months.

Companies around the world are prioritizing improving energy efficiency in their operations
‘Across four categories of sustainability efforts – energy development and efficiency, emission reduction, pollution prevention, and circular economy/recycling – respondents stated that energy efficiency was an area of ​​concern for these companies, with 87% of respondents stating this as necessary noticed. priority matters.

Overall, companies are increasing their investments in sustainability
Of the 750 global companies surveyed, 86% said they plan to increase their sustainability budgets next year.

More and more organizations report using a combination of technology and process approaches to achieve their sustainability goals
The Environmental Sustainability Index asks respondents to what extent they use technology or change processes to achieve progress in four categories of sustainable development. The third quarter 2023 index results compared with the second quarter 2023 results show that companies continue to take a process-based approach to their sustainability initiatives, but the number of companies reporting that they are combining technology and process continues to grow.