FOR IMMEDIATE RELEASE — February 26, 2024: Despite the growing urgency surrounding climate change, a mere 45 per cent of Manitoba’s business leaders are actively integrating considerations of environmental impact into their strategic planning, as revealed by the latest findings of the 6th Annual Manitoba Business Outlook Survey (MBOS).
“Supporting small businesses in their climate efforts is critical for Manitoba’s economic resilience,” said Chuck Davidson, President & CEO of the Manitoba Chambers of Commerce. “The survey underscores the need for proactive measures and collaboration to navigate the transition towards a net-zero future.
In addition, the MBOS commissioned by the Manitoba Chambers of Commerce (MCC) and conducted by Leger between November 15 to December 1, 2023, revealed that although large businesses have started to act on climate change, one third (34 per cent) have not taken any steps to reduce their environmental impact.
Additionally, nearly four out of ten (38%) business owners are uncertain about the costs associated with achieving net-zero emissions for their businesses. MCC estimates that the total investment required for all Manitoba businesses to reach net-zero emissions ranges from $53 billion to $90 billion, averaging $420,000 to $702,000 per business. These figures highlight the challenges small businesses face, particularly amidst inflation-induced cost pressures, in transitioning to a net-zero economy.
The survey also explored the factors necessary for businesses to increase their actions on climate change. Top responses included the need for financial support (31 per cent of respondents), energy efficiency programs and incentives (30 per cent), and methods to identify cost-effective ways to reduce emissions and/or consumption (28 per cent).
The Manitoba Business Outlook Survey was conducted with survey partner Leger and supported by CPHR Manitoba, the Rural Manitoba Economic Development Corporation (RMED), and the Digital Manitoba Initiative. For the complete survey results, click here.
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About the Manitoba Chambers of Commerce: Since 1931, the Manitoba Chambers of Commerce has served as the umbrella association for Manitoba’s action-oriented chamber movement. Today, with 64 local Chambers of Commerce across the province and hundreds of direct corporate members, our network comprises almost 10,000 organizations of all sizes and across all sectors. As the “Voice of Business in Manitoba,” the Chamber advocates for sustainable economic development, entrepreneurial success, vibrant communities, and a strong future.
Media Contact:
Clara Buelow
Director of Marketing and Communications
The Manitoba Chambers of Commerce
e: [email protected] | p: 204-290-2903
