Earlier this year, the President Donald Trump signed five executive orders eliminating sustainability efforts that were made under the Biden Administration. During his term, Trump intends to ramp up fossil fuel production and plans to sign orders aimed at promoting oil and gas development in Alaska. The current administration hopes that these efforts will unlock a “variety of different authorities” and that will produce more natural resources, create jobs and boost national security.
Despite this, a report by Kearney found that 69 percent of chief financial officers (CFOs) are expecting higher returns on sustainable initiatives this year. In addition, 92 percent of organizations are expected to significantly increase net investment in sustainability initiatives this year.
The top three investment areas include:
CFOs are beginning to recognize the value of sustainable investments that benefit the planet while also resonating with investors and employees. According to the report, 94 percent of CFOs now incorporate sustainability considerations into broader investment decisions.
Mackenna Moralez is the associate editor of the facilities market.
