Companies gain an edge from environmental credibility

Companies in the sector have much to gain from establishing good environmental credibility. Not only does it secure their own reputations and funding, but it is also good business sense as operators are looking to cut down on emissions.

of respondents say they feel they need to differentiate their business by increasing their environmental credibility

Environmental credibility is vital

To what extent do you agree or disagree with the following statements? ((Those who slightly/strongly agree)

of respondents believe that strong sustainability principles give European companies an edge in the international market

“ESG principles are being adopted swiftly in Europe,” says Peter Hansen, CEO of Welltec. “Whether you are doing it proactively or reactively, you are encouraged to move in a direction where you will progress faster on sustainability.”

It is the same for Europe’s battery industry: 58% of respondents to our recent survey said that sustainability principles, leading to the building of greater efficiencies and environmental compliance into production processes, will give European battery makers an edge in the international market.

But for now, they are struggling with the basics

of respondents say they struggle to use renewable energy on-site

of respondents say it is a challenge to reduce emissions from transport in the supply chain

Using renewable energy on-site, decarbonising the transport supply chain and fugitive emissions are significant challenges

How much of a challenge is it for you to do the following in your organisation? (Those answering 'Very high challenge')

Companies have to tackle this, or they will never reduce the Scope 2 emissions in their supply chains.

One tactic is to move parts of the supply chain closer to the manufacturing base. This re-shoring/near-shoring process increases resilience to logistics and supply chain disruptions and secures speed to market, all while lowering the carbon footprint.

of respondents say they are planning to move their supply chains closer to their manufacturing base within the next 12 months. This is the same proportion of respondents as in our battery survey.

We have always had a very strong European manufacturing base. For many years, there were sceptics asking us: ‘Why are you not moving to Asia? Why are you doing all this at home?’. Now it’s come full circle, and what was once seen as a disadvantage is now considered an advantage for us.

PETER HANSEN CEO, Welltec

Companies gain an edge from environmental credibility

Companies in the sector have much to gain from establishing good environmental credibility. Not only does it secure their own reputations and funding, but it is also good business sense as operators are looking to cut down on emissions.

of respondents say they feel they need to differentiate their business by increasing their environmental credibility

Environmental credibility is vital

To what extent do you agree or disagree with the following statements? ((Those who slightly/strongly agree)

of respondents believe that strong sustainability principles give European companies an edge in the international market

“ESG principles are being adopted swiftly in Europe,” says Peter Hansen, CEO of Welltec. “Whether you are doing it proactively or reactively, you are encouraged to move in a direction where you will progress faster on sustainability.”

It is the same for Europe’s battery industry: 58% of respondents to our recent survey said that sustainability principles, leading to the building of greater efficiencies and environmental compliance into production processes, will give European battery makers an edge in the international market.

But for now, they are struggling with the basics

of respondents say they struggle to use renewable energy on-site

of respondents say it is a challenge to reduce emissions from transport in the supply chain

Using renewable energy on-site, decarbonising the transport supply chain and fugitive emissions are significant challenges

How much of a challenge is it for you to do the following in your organisation? (Those answering 'Very high challenge')

Companies have to tackle this, or they will never reduce the Scope 2 emissions in their supply chains.

One tactic is to move parts of the supply chain closer to the manufacturing base. This re-shoring/near-shoring process increases resilience to logistics and supply chain disruptions and secures speed to market, all while lowering the carbon footprint.

of respondents say they are planning to move their supply chains closer to their manufacturing base within the next 12 months. This is the same proportion of respondents as in our battery survey.

We have always had a very strong European manufacturing base. For many years, there were sceptics asking us: ‘Why are you not moving to Asia? Why are you doing all this at home?’. Now it’s come full circle, and what was once seen as a disadvantage is now considered an advantage for us.

PETER HANSEN CEO, Welltec