Market Insight: Net Zero And Energy Transition Priorities Of Industrial Firms In 2023

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Executive Summary

This report provides strategy executives, operations managers, chief sustainability officers, digital technology providers and consultants with an understanding of the net zero, ESG and energy transition initiatives that are important to industrial firms in 2023. During September and October 2022, Verdantix conducted interviews on operational excellence topics with 301 directors and managers in operations, engineering, maintenance and process safety roles. The net zero, ESG and energy transition priorities questions formed part of a broader survey, which included questions on technology, budgets and investment (see Verdantix Global Corporate Survey 2022: Operational Excellence Budgets, Priorities & Tech Preferences). Green electricity procurement, replacing aging equipment, and emissions and energy consumption reduction were the top three priorities noted for firms in 2023.

Table of contents

Multiple Net Zero And Energy Transition Initiatives Are A Priority For Firms
Net Zero And Energy Transition Priorities Show Some Variation By Region And Industry

Table of figures

Figure 1. ESG And Sustainability Priorities (All Regions)
Figure 2. ESG And Sustainability Priorities By Industry
Figure 3. ESG And Sustainability Priorities By Region
Figure 4. ESG And Sustainability Priorities By Firm Size

About the authors

Fouad Elias

Fouad is an Analyst in the Verdantix Operational Excellence practice. His current research agenda focusses on APM solutions and technologies for sustainable industrial operations. Prior to joining Verdantix, Fouad worked at Procter&Gamble in the Product Supply Division, where he gained experience in the technical specification creation process. Fouad holds an MSc in Biomedical Engineering from Imperial College London & a BEng in Mechanical Engineering from City University of London. 

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins and software solutions for industrial risk and asset management. Malavika has over 15 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

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