Ethical Corporation's State of Sustainability report revealed that 71 percent of respondents to a survey said their organizational leader was convinced of the value of sustainability. And even where corporate leaders were not fully engaged, 87 percent of respondents agreed that sustainability was becoming increasingly important for strategy.
Supply chain and procurement was the department most directly impacted by a company’s sustainability strategy, the survey found. Supply chains were also the area of corporate activity where sustainability was most important.
Some 49 percent of respondents said sustainability was driving business revenues, with 67 percent agreeing it provided savings.
However, only 21 percent of corporate respondents said their company was leveraging the potential of sustainability as fully as possible. Only a third said that they are measuring the return on investment of sustainability, or that they could say with confidence that they accurately measure the impact of their sustainability initiatives.
Enjoy curated articles directly to your inbox.