English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

C-Suite listening to Sustainability story

PRESS RELEASE

November 12, 2014: According to a new global survey of 260 heads of sustainability conducted by independent analyst firm, Verdantix, sustainability leaders have increasing executive committee influence, decision-making authority and budgetary contributions across 21 key initiatives spanning assurance, consulting, energy management, natural capital, reporting, supply chain and other sustainability activities.

Some 92% of responding firms have a sustainability leader who reports into the CEO or another member of the executive committee.

"We found that while few sustainability leaders point to large budget increases, our results reveal sustainability spending across entire organizations is typically up to ten times bigger than the sustainability team's budget with over two-thirds expecting corporate-wide spending growth" stated Yaowen Ma, Verdantix Analyst and author of the report.

The Verdantix report, "Global Survey 2014: Sustainability Budgets And Priorities" is based on interviews with senior sustainability decision-makers and budget-holders from 260 firms with revenues between $250 million and over $20 billion. The Heads of Sustainability were from 13 territories: Australia, Brazil, Canada, China, France, Germany, India, Mexico, the Middle East, Russia, South Africa, the UK, and the USA. Respondents' firms spanned 21 industries covering business and financial services, consumer services, energy and basic resources, manufacturing, and retail and consumer products.

Highlights from the report include:

  • CEOs Increasingly Recognize Sustainability Impacts Financial Performance: 28% of CEOs consider sustainability as factors that already impact quarterly and annual financial performance (21% in 2012)
  • CSOs' Budgets For Sustainability Vary Dramatically: 65% of CSOs own budgets of up to $2.5 million. 26% have budgets between $2.5 million and $15 million. 5% have over $15 million. 4% have no budget at all.
  • Firms Favour Spending On Employees: 28% of sustainability budgets are invested on employees and 21% is spent on consulting services. 10% of budgets are spent on assurance providers.
  • Improving EH&S, Energy And Sustainability Reporting Are Top Priorities: Over 90% of respondents cite improvements in health and safety, energy and environmental management as "very important" or "important".
  • 8 out of 10 firms already publish sustainability reports but only 39% of firms pay for external assurance of their entire sustainability or integrated report.

More News

Written on 28/04/2017, 17:00
maersk-line-gets-go-ahead-to-purchase-hamburg-suedCOPENHAGEN: APRIL 28, 2017. Maersk Line is to go ahead with the purchase of Hamburg Süd for €3.7 billion in cash following Board approval by both...
Written on 26/04/2017, 19:33
miami-makes-more-of-pharma-freightMIAMI: April 26, 2017. MIA Pharma Hub partner LATAM Cargo has become the first airline in America to receive IATA's Center of Excellence for Independent...
Written on 26/04/2017, 18:40
india-s-largest-container-port-opensMARSEILLE/ AHMEDABAD: April 25, 2017. CMA CGM and the Adani Ports Special Economic Zone (APSEZ) are to operate India's latest and largest container...
Written on 26/04/2017, 14:07
qatar-airways-adds-two-more-u-s-destinationsDUBAI, UAE: April 24, 2017. Qatar Airways is to begin service to San Francisco and Las Vegas next year. Other additions to its network in 2018 will...
Written on 26/04/2017, 00:10
gothenburg-avoids-landfill-in-major-new-terminalGOTHENBURG: April 25, 2017. In its largest expansion project since the 1970s, the Port of Gothenburg is to build a 220,000 sq. mt. terminal at the outer...
Written on 25/04/2017, 20:54
waco-system-adds-azerbaijan-memberLONDON: April 24, 2017. Trans Global Projects (TGP) has joined the WACO System global forwarder network as a member for Azerbaijan. Founded in the UK as...
Written on 25/04/2017, 20:38
bahrain-airline-to-operate-new-boeing-conversionWILMINGTON, OH. April 25, 2017. Bahrain-based Texel Air is the launch customer for a new conversion program by Pemco World Air Services for the...
Written on 25/04/2017, 19:43
cma-cgm-begins-indonesia-u-s-west-coast-direct-serviceJAKARTA: April 23, 2017. The CMA CGM 'Otello' has become the largest container vessel to call at the Jakarta International Container Terminal (JICT) at...
Written on 25/04/2017, 17:13
pegasus-adds-four-russian-destinations-from-londonLONDON STANSTED: April 25, 2017. Pegasus Airlines is launching new B737-800 services from London Stansted to four destinations in Russia plus Abu Dhabi,...
Written on 25/04/2017, 16:26
jd-com-to-offer-smart-supply-chain-servicesBEIJING: April 25, 2017. JD.com, China's other online retailer, has launched JD Logistics to provide smart supply chain and logistics services to a wide...
Written on 21/04/2017, 15:35
walmart-launches-gigaton-elimination-goalBENTONVILLE, AR: April 20, 2017. Walmart has launched 'Project Gigaton' to encourage its suppliers to help eliminate one billion tonnes of greenhouse gas...
Written on 20/04/2017, 19:00
samskip-grows-perishables-businessROTTERDAM: April 20, 2017. Samskip is to acquire New Jersey-based freight forwarder Rimar Consultants to expand the perishables business of its U.S....
Written on 19/04/2017, 21:26
airbus-to-trial-autonomous-drone-with-singapore-postSINGAPORE: April 18, 2017. Airbus Helicopters and Singapore Post (SingPost) are to begin trials of the Airbus Skyways drone project at the National...
Written on 18/04/2017, 21:39
niledutch-uses-ai-for-predictive-logisticsSAN FRANCISCO/ROTTERDAM. April 18, 2017. Africa box carrier and breakbulk specialist NileDutch is to use ClearMetal AI and predictive logistics technology...
Written on 18/04/2017, 18:29
united-airlines-arrives-at-watershed-momentCHICAGO: April 17, 2017. United Airlines has reported a 69.3 percent drop in net income to US$96 million for the first quarter of 2017, on a 2.7 percent...
Written on 18/04/2017, 17:54
teamsters-reach-new-airline-agreementsPURCHASE, NY: April 17, 2017. Teamsters union flight dispatchers at Atlas Air and Polar Air Cargo have voted to extend their contract with the two...
Written on 13/04/2017, 14:25
not-your-usual-award-ceremonyAMSTERDAM: April 12, 2017. The Royal Schiphol Group has recognized its business partners who have distinguished themselves through innovative business...
Written on 12/04/2017, 20:51
deutsche-post-doubles-electric-mail-fleetBONN: April 11, 2017. Deutsche Post DHL is to expand production of its StreetScooter postal service electric van from 10,000 to 20,000 units in response...
Written on 12/04/2017, 19:07
delta-cargo-weathers-2017-first-quarterATLANTA: April 12, 2017. Delta Air Lines has reported a 36 percent fall in net income to US$603 million for the first quarter of 2017 compared to the...
Written on 11/04/2017, 20:50
russia-to-begin-all-weather-lng-shipping-via-northern-sea-routeSABETTA, Russia: April 11, 2017. The world's first ice-breaking LNG tanker, named after former Total head Christophe de Margerie, has berthed at Russia's...

- powered by Quickchilli.com -