YICAI|Chinese Business Leaders Put Most Emphasis on Sustainability in Asia, Kearney Report Says

(Yicai) March 27 -- Chinese business leaders place the highest priority on sustainability in Asia, according to a new report by consulting firm Kearney.

Among them, 33 percent believe that sustainability creates value rather than increasing operating costs, exceeding the Asia-Pacific average of 22 percent, said the report, released today.

Sixty-eight percent of the Chinese companies surveyed see technological improvements as an important factor in speeding up decarbonization, compared with an average of 66 percent in the Asia-Pacific region, it said.

But only 74 percent of the Chinese firms have set decarbonization targets, which is lower than the APAC average of 82 percent.

Among those that have set targets, executives are generally confident that they will meet them, with 33 percent of respondents finding them quite easy to achieve and 65 percent saying they are moderately difficult.

The report is based on a survey of nearly 1,000 business leaders in nine Asia-Pacific countries last December, including Japan, Australia, and India. It also covers a wide range of industries such as energy, consumer goods, autos, and healthcare.