Survey Says: Sustainability Benefits Are On The Rise! Article

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Survey Says: Sustainability Benefits Are On The Rise!

The results of a recent study commissioned by KPMG International, reveals that many companies are beginning to embrace a variety of sustainability strategies now and for the future. The early results from this study of 378 large and medium sized companies in 61 countries, reveals that 62% of these companies already have an “active’ sustainability program in place.

Author: Tony Nuzio

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The study which was carried out by the Economist Intelligence Unit (EIU) reveals a clear increase in the number of companies with active sustainability programs over a 2008 report which indicated that just over half of the respondents at that time had a sustainability strategy in place.

The survey results indicated that sustainability benefits clearly outweighed any perceived drawbacks. This comment was strongly endorsed by larger companies with annual revenues over $5 Billion. So it is clear that the “big boys” are into sustainability for the long term, a fact that we have been echoing for a quite some time now. Some of those benefits included significant reductions in energy costs, improved relationships with customers and suppliers, and more efficient use of resources, especially water.

Some companies even reported stimulated innovation within their companies, leading to new product lines and the opening of new markets. One respondent with a long-running sustainability program reported a payback of between $1.50 and $2.00 for every dollar spent. Where can a company get an investment like that these days? So what is your company waiting for? Jump on the “Green” bandwagon NOW!

About Author

Tony is President and CEO of ICC Logistics, Inc.

Article Source: http://www.1888articles.com