UK enterprises spending close to a billion pounds on green tech

UK enterprises are spending just shy of £1 Billion each year on green technologies, according to a new survey jointly commissioned by Auxilion, a leading provider of digitally transformative IT services and solutions, and Hewlett Packard Enterprise, the global edge-to-cloud company. The survey, which was conducted by Censuswide and involved 100 IT decision makers in UK enterprises with 250+ employees, found that enterprises who are using green technologies are spending on average £917,540 on these annually.

The survey highlighted the commitment of UK enterprises to sustainability, with just under 4 in 5 (79%) of IT decision makers stating that sustainability is a current priority for the organisation, and 84% stating they were proud of their company’s commitment to green IT.

The reason behind the intention of UK enterprises making sustainability a priority was the direct impact it has on their business. When surveyed, three quarters (75%) of IT decision makers said they consider sustainability key to business growth, 76% said it was key in attracting and retaining talent, and 72% said it is a key differentiator when choosing a vendor.

The focus of the survey then turned to the role of AI in achieving sustainability goals. When asked, 87%* of IT decision makers said they have already invested or are planning to invest in AI sustainability solutions for their business in the next 12-24 months. The data revealed an annual amount of £1,029,524 spent on AI sustainability solutions for those stating they have already invested or are planning to. With 76% of IT decision makers surveyed stating that AI has a significant role to play in achieving sustainability targets, this figure is set to increase.

Donal Sullivan, CTO, Auxilion, commented on the results: “As shown by this research and our recently released report, it is positive to see organisations putting their money where their mouth is by investing in green technology. What the report and survey data highlights is a direct link between sustainability and business growth, which is something the industry has been debating for some time. We expect to see this investment by UK enterprises in green technology increase over time, as well as the role of AI in enabling organisations to deliver on their sustainability targets.”

“One of the most interesting elements of the survey was how an organisation’s sustainability commitment and credentials can help to attract and retain the best talent - which is a critical issue for any organisation. Sustainability is important to many people, and this is something leaders need to consider.”