More than half of nearly 1,500 business leaders of medium and large companies plan to relocate their operations within five years to better access renewable sources, a survey carried out across 15 countries has found, and almost all of them backed a long-term shift away from fossil fuels.
The findings were based on interviews with about 100 C-suite executives from each of the countries since Donald Trump was voted back into the White House, which has triggered concerns about companies backing away from their commitments to a green transition. The countries included the US, UK, Germany, Brazil and India.
Liz Minné, director and head of global sustainability at Interface, the US flooring company, said the polling showed that “global businesses understand the urgent need to shift from fossil fuels to renewables.”