Global Survey Reveals Nine in Ten Companies Aim to Electrify Operations by 2035

A recent global survey highlights a strong commitment among corporate leaders to electrify their operations by 2035, underlining electrification as a key driver for energy security, competitiveness, and economic growth. The survey, conducted by Public First for British think tank E3G alongside the We Mean Business Coalition and the Global Renewables Alliance, polled around 2,000 executives from 18 countries with annual revenues of at least one million US dollars.

According to the findings, 90% of managers expect their companies to achieve full electrification by 2035. Furthermore, 91% believe that this shift will bolster national energy security, while 88% see it as a way to enhance their competitiveness in the global market. The respondents also emphasized urgency: 79% stated that geopolitical instability has accelerated the need for electrification.

Despite widespread enthusiasm, 72% of surveyed executives expressed concerns that government policies are lagging behind the rapid changes corporate electrification requires. Highlighting the risk of falling behind, 62% indicated they would consider relocating their operations if supportive policies were insufficient. Moreover, 90% are confident that transitioning to renewable electricity-based systems will stimulate economic growth in their home countries.

This data, collected in late April and released in the report "Powering Up: Business Perspectives on Electrification," signifies a broad consensus among corporate leaders on the strategic importance of phasing out fossil fuels in favor of electric solutions.

The report underscores the critical role of governments in enabling this transition, warning that insufficient policy action could cause countries to lose competitiveness and economic opportunities. As the energy landscape evolves amid geopolitical tensions, electrification is seen not only as a sustainability measure but also as a vital business strategy moving forward.