Awareness of carbon neutrality among companies in Hong Kong has seen a "big jump" of 10 percent.

That improvement showed up in a comparison of the result of a Carbon Neutrality Progresses and Challenges 2024/2025 survey of firms with that of two years ago.

The results, jointly released by Hong Kong Productivity Council and City University's School of Energy and Environment, indicate that sixty percent of the 126 enterprises that responded remain unfamiliar with carbon neutrality.

Nearly 70 percent suggested there is a lack of sufficient resources to implement measures.

At least half have never conducted carbon audits or regular assessments and close to 80 percent have not yet established comprehensive carbon neutrality tests.

The council says most businesses struggle with high financial capital requirements required to get to carbon neutrality and a lack of price incentives and technical knowledge.

Keith Choy, general manager of the green living and innovation division at the council, says a 10 percent improvement in awareness is a big jump.

"Hong Kong is [moving] in the right way, we can see that more and more companies, their knowledge on carbon neutrality increased," he said, adding that the survey shows companies are doing much better than two years ago.

Choy adds that businesses have been advised to access the council's free tools to assess their carbon performance as well as consult it on improving their business models and accessing government funding support.

"In Hong Kong, we still [need] more effort to work on carbon neutrality...we are still in progress but I think we have confidence in Hong Kong."