61% of EU firms invested in climate action in 2024, up from 56% in 2023, says EIB. Companies are advancing green and digital transitions, boosting competitiveness and focusing on a zero-carbon economy.
A new survey by the European Investment Bank (EIB) reveals that 61% of European Union (EU) firms invested in climate change mitigation in 2024, up from 56% in 2023. The survey highlights how EU businesses have adapted to various challenges, including inflation and trade disruptions, while committing to both digital transformation and environmental sustainability.
Many European companies are prioritizing long-term sustainability, with 27% aiming for a zero-carbon economy within the next five years. EIB President Nadia Calviño emphasized the importance of public-private partnerships, noting that “the commitment of EU firms to the green and digital transitions illustrates the potential of the European economy.”
The report shows that EU companies are more proactive than their US counterparts in adopting sustainable practices such as using renewable energy and improving waste management. Roughly 90% of firms in both regions are focused on reducing greenhouse gas emissions.
EIB Chief Economist Debora Revoltella called for a more unified European market to boost investment. As EU firms continue to invest in climate action and digital technologies, they play a crucial role in Europe’s transition to a sustainable, competitive economy.
Read the survey here.
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