Walking the Talk on Sustainability
As global consciousness awakens to the existential threat of climate change, consumers are demanding more sustainable products, which translates into potential value for sustainable businesses. Sustainability is also driving innovation.
However, some companies baulk at the costs required. Although 90% of executives think sustainability is important, only 60% of companies have sustainability strategies. While many agree that sustainability will add value in the long term, potential benefits may not be enough for companies to make the switch.
A study in 2019 found that 57% of executives and investment professionals agree that Environmental, Social, and Governance (ESG) programs create shareholder value. Only 13% felt that it was most important to change business practices to incorporate good ESG practices.
How can companies be persuaded to act in time to mitigate climate change?
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