The urgency of corporate climate action has never been clearer, and businesses are increasingly recognizing the need to transition toward more sustainable practices. According to our latest barometer on the climate strategies of food companies, 57% of companies have already formalized a climate roadmap, with an additional 39% in the process of doing so. Yet, despite these promising commitments, the challenge lies in translating ambition into concrete action.
While corporate leaders are setting ambitious climate targets, execution remains a significant hurdle. Only 17% of companies have allocated a specific budget per action lever, underscoring a disconnect between strategic objectives and practical implementation. This signals that while ambition is a strong driver, it is not enough to ensure measurable progress.
Key obstacles identified in the report include:
External forces are playing a crucial role in accelerating corporate climate strategies. Regulatory requirements, particularly the Corporate Sustainability Reporting Directive (CSRD), along with increasing pressure from B2B clients, are among the strongest motivators for action:
Notably, large corporations (those with over 10,000 employees) are leading the charge. Nearly a quarter (24%) have already structured their transition plans to align with CSRD requirements, compared to just 10% of the overall sample.
The path to decarbonization requires broad organizational engagement. Our study finds that beyond the sustainability (CSR) teams, several other departments are actively involved in implementing climate strategies:
Among the priority areas identified, agricultural transformation and sustainable sourcing stand out, with 73% of respondents emphasizing their importance. Additionally, environmental labeling is emerging as a strategic tool to educate and influence consumer behavior, further demonstrating the growing role of marketing in climate action.
Given the central role of Procurement in driving sustainable transformation, we have also published a white paper on the challenges and opportunities for Procurement teams to better support sustainability teams. This resource explores how Procurement can align supplier engagement with climate goals, optimize sourcing decisions, and navigate evolving regulatory requirements.
The findings of this report highlight the collective momentum behind corporate climate initiatives, but also the critical gaps that must be addressed to ensure meaningful impact. Companies must:
As regulatory pressures intensify and stakeholder expectations rise, companies that take proactive, well-structured action will not only meet compliance requirements but also strengthen their competitive edge in an evolving market.
Download the full report to explore the key insights and strategies shaping the future of corporate climate action.