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Jet Airways takes off under RCS
ALLAHABAD, India: June 14, 2018. Jet Airways has c...

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Panalpina continues Latam expansion with Newport buy
BASEL, Switzerland: June 15, 2018. Panalpina has c...

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APL, Evergreen and HMM boost Asia-Australia capacity
LONDON: June 14, 2018. APL, Evergreen, and Hyundai...

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Emirates returns to Luanda, further frequencies eyed
DUBAI: June 12, 2018: Emirates has bolstered its c...

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MIA welcomes Air Italy
MIAMI: June 12, 2018: Miami International Airport ...

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DB and Georgian Railway target future growth together
BERLIN: June 13, 2018: Deutsche Bahn and Georgian ...

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Hactl handles ABC
HONG KONG: June 12, 2018: Hong Kong Air Cargo Term...

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Kerry bolsters China cross-border services
HONG KONG: June 13, 2018: Kerry Logistics Network ...

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Cargolux supports solar boat
Luxembourg: June 11, 2018: Cargolux is to provide ...

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Jet Airways takes off under RCS
Panalpina continues Latam expansion with Newport buy
APL, Evergreen and HMM boost Asia-Australia capacity
Emirates returns to Luanda, further frequencies eyed
MIA welcomes Air Italy
DB and Georgian Railway target future growth together...
Hactl handles ABC
Kerry bolsters China cross-border services
Cargolux supports solar boat

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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.

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