Leading Entrepreneurs See Climate Change as Growing Strategic Concern - Ernst & Young

Source:

...80% of the entrepreneurs expect to increase their cleantech spending over the next five years. Nearly half (44%) have budgeted at least US$1 million for climate change investments over the next five years and 6% anticipate spending upwards of US$20 million during the same period. Cleantech investment priorities are water efficiency, solar power and electric grid management.

Leading entrepreneurs view climate change as a growing strategic concern according to a survey conducted as part of Ernst & Young's second annual Global cleantech insights and trends report, which provides insights into global trends in cleantech investment, financing patterns and public policy. Entrepreneurs were selected from Ernst & Young's prestigious World Entrepreneur Of The Year Academy to give their views on climate change. A significant majority of entrepreneurs surveyed (61%) view climate change as an important strategic concern, while 70% have increased their focus on climate change initiatives over the past 12 to 24 months. The survey has been launched to coincide with Global Entrepreneurship Week's Clean and Green Day (20 November).

In line with broader corporate trends, 80% expect to increase their cleantech spending over the next five years: namely to improve their internal operations and supply chain, and to meet their corporate responsibility requirements. Nearly half (44%) have budgeted at least US$1 million for climate change investments over the next five years and 6% anticipate spending upwards of US$20 million during the same period. Cleantech investment priorities are water efficiency, solar power and electric grid management.

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