The consensus between business leaders about the need to abandon fossil fuels had never been so forceful. According to the report Promoting energy: business perspectives on transition to renewable electricity97 % of executives from 15 global markets asks to accelerate this energy transformation. It is a clear signal for governments and an urgent demand from the private sector.
The support for this transition goes beyond symbolic commitments. 78 % of respondents support a total transformation towards renewable electricity in the next ten years. This business position reflects not only an environmental concern, but a strategic commitment to energy security, operational efficiency and long -term competitiveness.
A necessary and urgent transition
More and more companies understand that abandoning fossil fuels is not only an ethical measure, but a strategic action. 90 % of business leaders consider access to renewable energy as a key factor to decide where to invest. The energy transition is seen as a tool to protect against the volatility of the energy market.
“The transition to renewable energy is a solid business strategy that reduces the dependence on volatile prices of fossil fuels,” said an executive director based in the United Kingdom. This vision is present in decisions of more than 70 % of companies, which plan to eliminate fossil fuels from their electrical matrix in less than a decade.
In addition, 93 % of organizations are already considering installing in situ renewable energy. For many, this represents energy independence and medium -term savings. “By generating our own clean energy, we can significantly reduce our dependence on the traditional electricity network,” said a German executive.
Abandon fossil fuels: key investment factor
The viability of the business is already linked to access to clean energy. Almost half of the companies (49 %) consider relocating their supply chains if a sufficient renewable supply is not guaranteed. 52 % also evaluates to transfer their main operations due to the lack of sustainable energy conditions.
This trend indicates a global realignment of operations. Companies seek territories with clear regulatory frameworks, policies for promoting clean energy and guaranteed access to renewable sources. The risk of government inaction begins to have a cost: 48 % fears that energy instability affects their costs, and 34 % fear for their competitiveness.
In this scenario, abandoning fossil fuels has become a critical component of risk mitigation strategies. Investment decisions are directly linked to the ability to generate renewable energy, which places pressure on those responsible for formulating public policies.
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Business vision: profitability and sustainability
The energy transition is no longer perceived as an expense, but as an investment with a clear return. 75 % of executives indicate that renewable electricity improves the energy security of their operations, while 50 % mention cost reduction and 42 %, an increase in profits.
This change of approach represents an evolution in business logic. Leaving fossil fuels allows companies to operate with greater predictability, reduce their exposure to geopolitical crises and meet sustainability standards required by consumers and financial markets.
For leaders in sustainability, this is also a reputational issue. Incorporating clean energy and abandoning fossil fuels sends a real commitment signal. And in an environment where transparency is key, this can be translated into lasting competitive advantages.
Governments, before a turning point
Although the business sector is taking firm steps, the expectation is for governments to accompany this transformation. 78 % of executives believe that their countries must complete the transition to renewable electricity by 2035 or before. It is not just a desire: it is a concrete demand for political power.
María Mendiluce, executive director of the We Mean Business coalition, expressed it clearly: “The future belongs to renewable energies and governments must act accordingly.” The statement summarizes the feeling of a business community that no longer expects permits, but that values stable regulatory frameworks.
The call is clear: to promote policies that facilitate investment in renewables, eliminate fossil fuel subsidies and offer real incentives to accelerate this transition. The private sector already put to work; Now it is up to the public sector to consolidate the change.
A change that cannot expect
The decision to abandon fossil fuels has ceased to be optional for global companies. With a business majority aligned in favor of renewable energy, the challenge is now to ensure that infrastructure and regulation are at the height of the historical moment we live.
For those who work in social responsibility, sustainability and governance, this is a critical opportunity. Organizations that lead this transformation will not only mitigate risks, but will define the standard of the new capitalism: one in which profitability walks hand in hand with respect for the planet.
