Environmental protection expenditures by businesses

June 2, 2022, 8:52 a.m. (EDT)

Corporate policy is the driver most often reported by Canadian businesses to justify the acquisition of environmental protection technologies

Certain drivers and obstacles can facilitate or prevent businesses from adopting new or improved technologies, systems and equipment related to environmental protection. In 2018, the main drivers reported were regulations (reported by 15% of businesses), whereas in 2019, regulations were the second highest behind corporate policy (12%). The generation of sufficient return on investment (10%) was the third most important driver in 2019.

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