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 20/06/2017, 21:31
us-500-million-for-hybrid-airshipsPARIS, June 20, 2017. Hybrid Air Freighters (HAF) has signed a Letter of Intent to purchase up to 12 Lockheed Martin Hybrid Airships for US$500 million...
Written on 20/06/2017, 19:03
ethiopian-adds-more-b777-freightersLE BOURGET, France: June 20, 2017. Ethiopian Airlines is adding to its fleet of six B777 freighters with the purchase of two more with a list price of...
Written on 19/06/2017, 13:44
freightweek-news-update-week-25ISTANBUL: June 21, 2017. Turkish Cargo has begun a weekly A310 freighter service to Paris CDG. Read more: new_freighter.pdf ABU DHABI: June 21,...
Written on 13/06/2017, 22:19
emirates-sky-cargo-begins-luxembourg-serviceDUBAI/ LUXEMBOURG: June 13, 2017. Emirates SkyCargo began its first weekly B777 freighter service to Luxembourg this week as part of its strategic...
Written on 13/06/2017, 21:31
cma-cgm-to-buy-maersk-s-mercosul-subsidiaryCOPENHAGEN/MARSEILLE: June 13, 2017. A.P. Møller – Mærsk has confirmed the sale of its Mercosul Line subsidiary to CMA CGM to avoid market dominance...
Written on 12/06/2017, 13:37
freightweek-news-update-week-24PORT ELIZABETH, NJ: June 15, 2017. The Ocean Alliance has begun its first weekly U.S. East Coast Loop 3 service with a call by the 8,700 TEU capacity CMA...
Written on 09/06/2017, 21:41
antonov-makes-last-minute-andean-liftMENDOZA, Argentina: June 07, 2017. Antonov used an AN124-100 in late May to move mining equipment weighing a total of 24 tonnes from Santiago, Chile to...
Written on 08/06/2017, 22:41
turkish-cargo-gets-the-word-out-and-the-business-inISTANBUL: June 08, 2017. Turkish Airlines has reported a gross profit of US$117 million on revenue of US$1.93 billion for Q1 2017 as the contribution...
Written on 08/06/2017, 20:37
customs-and-air-cargo-belgium-to-share-visionBRUSSELS: June 07, 2017. Belgian Customs and sector representative Air Cargo Belgium have agreed to "execute a common vision concerning the optimization...
Written on 08/06/2017, 19:40
schiphol-pharma-gateway-adds-abcAMSTERDAM: June 07, 2017. AirBridgeCargo Airlines (ABC) has become the second airline and 14th member of the Pharma Gateway Amsterdam (PGA) initiative...
Written on 07/06/2017, 15:47
ups-suspends-pick-ups-for-qatar-as-embargo-continuesATLANTA: June 06, 2017 UPS has informed its customers that direct import and export to and from Qatar is not be possible, following the decision by...
Written on 06/06/2017, 19:00
maskargo-boost-to-malaysia-ecommerceKULA LUMPUR: June 06, 2017. MASkargo has begun a five times weekly A330 freighter service between Kuala Lumpur International Airport (KIA), Kota Kinabalu...
Written on 06/06/2017, 15:51
delta-and-aeromexico-sign-transborder-agreementATLANTA/MEXICO CITY: June 06, 2017. Delta Cargo and Aeromexico Cargo have signed a sales, operations and marketing agreement to develop the transborder...
Written on 05/06/2017, 14:21
freightweek-news-june-05-09MARSEILLE: June 09, 2017. CMA CGM is to introduce a new box service linking the East Mediterranean, Djibouti, Gulf, Pakistan and India. Read...
Written on 31/05/2017, 21:02
big-jump-in-gross-profit-for-gefcoCOURBEVOIE, France: May 30, 2017. Gefco, the automotive logistics specialist owned by RZD Russian Railways, has reported a 1.3 percent increase in revenue...
Written on 31/05/2017, 15:32
bertschi-award-winning-tanks-head-westDURRENASCH, Switzerland: May 29, 2017. Liquid logistics specialist Bertschi has begun an 18-day movement of 82 ISO tank containers from Korla in Western...
Written on 30/05/2017, 21:52
new-logistics-center-for-tehran-airportTEHRAN: May 30, 2017. PressTV, owned by Islamic Republic of Iran Broadcasting, reports a Swiss and Dutch company will design, develop and construct the...
Written on 30/05/2017, 20:39
changi-reports-air-cargo-recordSINGAPORE: May 29, 2017. Air cargo throughput at Changi Airport rose 4.4 percent in April to 171,720 tonnes compared to the same period last year. For...
Written on 30/05/2017, 17:56
ups-links-with-sf-express-parentATLANTA: May 27, 2017. UPS and SF Holding, owner of SF Express, are establishing a joint venture to provide international delivery services from China to...
Written on 30/05/2017, 17:09
freightweek-news-may-29-june-02BEIJING: June 02, 2017. The Alibaba Group is to purchase 18 percent of Hong Kong-listed Lianhua Supermarket making it the second-largest shareholder of...

- powered by Quickchilli.com -