Corporate Sustainability

Jan. 14, 2011
A majority of companies surveyed believe that a successor to the Kyoto Protocol is very important or critical.

Most large and medium-sized companies (62%) worldwide have an active sustainability program in place, and another 11% are developing one, according to a sustainability survey commissioned by consulting firm KPMG.

At the recent UN Climate Change Conference in Cancun, Mexico, KPMG revealed that survey respondents have moved toward sustainability largely due to pressure from regulators as well as a concern over maintaining the integrity of their brands and reputations. Two-thirds (67%) also believe that a successor to the Kyoto Protocol is very important or critical.

"Companies believe that more regulation on carbon will come, and they want it sooner rather than later so they can adapt and comply," says Ted Senko, KPMG's global head of climate change and sustainability. "The clear message [from the conference] is: Give us a solid regulatory framework for sustainable business growth, and we will deliver it."

Some of the significant findings from the report include:

62 percent of companies polled have a strategy for corporate sustainability

61 percent of senior executives say the benefits of sus-tainability outweigh the costs

46 percent believe a global climate accord will add to their regulatory burden

45 percent say business survival and short-term financial pressures are higher priorities than sustainability

39 percent believe sustainability is a source for new business opportunities

38 percent of companies say they have no plans to report on their sustainability performance

Source: KPMG

See Also:
• How to Win the Energy Race

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!