We recently worked with ERM – a leading global provider of environmental, risk and sustainability related services – on their latest survey looking into how global companies currently view sustainability within their own organisations and how prepared they feel to be able to respond to its rapidly growing importance and its influence on their business.
The results showed that over the last 2 years, sustainability and climate change have moved up the agenda of boards and the C-Suite from being a regulatory issue to becoming a central element of near-term business plans, driven by both competitiveness and a combination of investors, consumers and employees:
“Over the last two years investors have forced a move for sustainability and climate change from a marginal issue for boards and executive teams to a core element of the near-term business plan. We are seeing the forces on the sustainability agenda evolve from regulatory and policy led initiatives, to customer and investor led drivers. These provide a stronger, clearer and unrelenting voice directly into boards and the C-Suite.
The push to integrate sustainability into mainstream business operations is being driven by multiple forces. Consumers continue to demand more sustainable products and services from brands. Those brands, in turn, are demanding their suppliers demonstrate performance that matches consumer expectations. Industry peers are doing better financially through sustainable business practices – often aided by new technologies that provide a competitive advantage. And employees – in particular younger talent – expect their companies to be tackling the sustainability issues they themselves hold dear.”
In executing the research for ERM, we surveyed 151 executives globally from a cross-section of industries including TMT, chemical & pharmaceuticals, mining, oil & gas and energy & power to explore how successfully organisations are making that transition. We using a combination of computer aided telephone interviews (CATI) and additional in-depth interviews.
The full report can be found on ERM’s website