As global carbon emissions reached a record high in 2024, pressure is mounting on firms to scale back their environmental footprint in alignment with the UN’s Sustainable Development Goals. Consumers also increasingly value products which can be higher for the environment with 80% willing to spend more on sustainably produced goods, in accordance with PWC. And regulations world wide, including the IFRS Sustainability Disclosure Standards, the EU Corporate Sustainability Reporting Directive, and the EU and UK Carbon Border Adjustment Mechanism are increasingly enforcing reporting and incentivizing sustainable production.
