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About 73 percent of Swedish firms have taken actions to reduce greenhouse gas (GHG) emissions and are more likely than businesses elsewhere in Europe to have invested in sustainable transport, according to a European Investment Bank (EIB) Group survey.
Swedish companies also have done more than the European Union average in embracing digital technologies, new country results from the EIB Group Investment Survey (EIBIS) show.
According to the survey, nearly half of Swedish firms – 49% – consider the transition to stricter climate regulations as an opportunity over the next five years compared with a 29% average among EU businesses.
Large Swedish companies are more likely than EU firms on average to take action to guard against climate-change risks, the survey said, adding that Swedish firms are more likely to have 40% or more of women in senior management compared with the EU average.
Large companies in Sweden have the highest levels of digital use while construction firms and small and medium-sized enterprises (SMES) have the lowest.
“Swedish firms in balance are much more positive than EU peers about the economic climate and business prospects,” said EIB Vice president Thomas Östros. “Looking ahead, businesses in the country expect to prioritise capacity expansion investment, while facing similar challenges as EU peers, such as the lack of availability of skilled staff.”
“European companies are making significant progress in tackling climate change and embracing digital transformation across the board,” said EIB Chief Economist Debora Revoltella. “However, enhancing EU investment necessitates a more cohesive and integrated single market.”
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