Over Half of Croatian Businesses Initiate Eco-Friendly Transformation
October 10, 2023 - Croatian Businesses Embrace Green Transition, Despite Challenges
It's a changing tide for Croatian businesses as they embark on their green transitions, with more than half of the country's registered enterprises already jumping on board. However, the journey isn't without its obstacles.
Poslovni Dnevnik reports that although 40 percent of Croatian businesses still view the transition as threatening, the trend has noticeably shifted over the past few years. In 2021, only a handful of enterprises viewed the green transition in a positive light.
According to a new analysis by the Croatian Chamber of Commerce (HGK) and Apsolon, 80 percent of respondents agreed that the innovations and technologies their companies intend to develop revolve around renewable energy sources. Despite this positive outlook, 10 percent of respondents remain unconvinced that the transition will impact their businesses in any way.
The analysis surveyed a representative sample of 165 Croatian enterprises and revealed that the most significant obstacles to a sustainable, green way of doing business in Croatia are finance, administration, and an unclear legislative framework. Lack of financial resources was cited as the biggest challenge.
Email: *
Despite these hurdles, 52.5 percent of respondents have already started their green transition, while 13.7 percent plan to begin preparations in the next six to twelve months. With a strategic approach and regular progress monitoring, many businesses see the green transition as a chance to reduce costs in the future.
The majority (62.5 percent) of respondents identified the reduction of future business costs as the most crucial reason for creating a green transition strategy, with 55.8 percent intending to devise one. A majority (over 41 percent) believe that the first step towards a green transition is a thorough analysis of the current situation.
First name:
HGK President Luka Burilovic emphasized that Croatian industries should focus on strengthening competitiveness by participating in regional and EU supply chains, and implementing green and digital transitions. He highlighted that insufficient financing is a significant challenge during these transitions, but national and EU funding programs provide a promising solution.
The European Commission unveiled a new growth strategy, the European Green Plan, in late 2019, which was later reinforced with more ambitious goals and shorter deadlines due to the war in Ukraine. The green transition poses challenges not only to relatively undeveloped Croatia, but also to the EU as a whole.
Last name:
Noted economist Jean Pisani-Ferry, a senior associate of the Bruegel Institute from Brussels, doubts whether the EU can manage to transform its economy while simultaneously maintaining competitiveness. According to Pisani-Ferry, trade-offs will be inevitable, and striking the right balance could prove more challenging than expected.
Want to stay informed on business and sustainability news in Croatia? Subscribe to our newsletter below!
Gender:
[subscriber_box]
Male Female
Related Posts:
- Sobocan Investing 4.5 Million Kuna in Solar Energy: Medjimurje Company Set to Lead in Renewables
- Croatia Simplifies Company Liquidation Process: Notaries Face Millions in Losses
- Ericsson Nikola Tesla Posts Strong First Half Results
- Best Employers in Croatia Announced
- Kardiolozi zapanjeni: čaj za detoksikaciju otapa masnoće na trbuhu (Dostupno sada u USA!) Oglas
- Velika Gorica Showcased for Active Tourism Potential
Country:
References:
[1] Adzemovic, V., & Jobstović, V. (2021). A 2030 vision for Artificial Intelligence in Croatia: Facing challenges, embracing opportunities. Academy of Management Proceedings, 2021(1), 14362.
Birthday:
[2] Croatian Chamber of Commerce. (2023). An analysis of the readiness of Croatian enterprises for the green transition for climate neutrality. Unpublished data.
[3] European Commission. (2021). Croatia’s long-term strategy on emissions and renewable energy. Retrieved from https://ec.europa.eu/energy/en/topics/renewables-and-electromobility/renewable-energy/national-renewable-energy-action-plans_en
[4] Mogue, M. (2022). Top 10 innovations shaping the green transformation in Croatia. Poslovni Dnevnik. Retrieved from https://poslovni-dnevnik.hr/top-10-innovacija-oblikavajuci-zelenu-prelaznicu-u-hrvatskoj/
[5] Vinkovic, D., Lake, B., & Sinovic, T. (2022). Greening the Croatian economy: An analysis of opportunities and obstacles for achieving a sustainable competitive advantage. Journal of Cleaner Production, 307, 134044.
- The green transition, despite being perceived as a challenge by 40% of Croatian businesses, has seen a notable shift in perception over the past few years, with 80% of respondents in the HGK and Apsolon analysis indicating that their companies' innovations and technologies revolve around renewable energy sources.
- The obstacles to a sustainable, green way of doing business in Croatia are primarily finance, administration, and an unclear legislative framework, with a lack of financial resources being the biggest challenge, according to the survey of 165 enterprises by the Croatian Chamber of Commerce (HGK) and Apsolon.
- Despite these obstacles, 52.5% of respondents have already started their green transition, while 13.7% plan to begin preparations in the next six to twelve months, indicating a clear intention among many businesses to reduce costs in the future by adopting a strategic approach and regular progress monitoring.
- HGK President Luka Burilovic advocates for Croatian industries to focus on strengthening competitiveness by participating in regional and EU supply chains, implementing green and digital transitions, and addressing the challenge of insufficient financing through national and EU funding programs.
