VERGE SF - Oct 27-30
» Distributed Energy Systems
» Smarter Supply Chains
» Next-Gen Buildings
Early-Bird Rates End Sep 20th -- Save 30%
CSR Practices Can Lead to Increased Profits, Two New Reports Find
The Economist Intelligence Unit's report, "Doing good: Business and the sustainability challenge" [PDF], surveyed 1,254 senior business executives to find out how, if at all, stock performance correlates to CSR performance.
Although the report's authors are quick to point out that the findings do not show a cause-and-effect relationship between sustainability practices and increased value, the companies surveyed that showed 50 percent or greater growth in stock price over the last three years were also more likely to devote resources to their CSR activities than companies whose stock price dropped by 10 percent or more in the same time frame.
The study found more high-growth companies ranked social and environmental goals as high priorities than did of those companies whose stocks declined in value. Among the practices cited were improving the environmental and human-rights performance of supply chains (40 percent vs. 18 percent), reducing greenhouse gases (38 percent vs. 24 percent), and developing innovative products and services that address social and environmental problems (49 percent to 35 percent).
Another study released yesterday, IBM's "Attaining Sustainable Growth Through Corporate Social Responsibility," surveyed 250 business leaders and found that 68 percent of them are currently engaged in CSR practices, and shows that they can be potentially revenue-enhancing operations. The report contains a "growth curve" that shows the progress a company makes in its CSR implementation, beginning with merely meeting legal requirements, progressing to cost savings from higher efficiency in operations, and resulting in the opening of new markets or product innovations as a result of CSR practices.
Although it is quickly dawning on IBM's respondents that CSR can be a positive force in any company, very few of those respondents are taking them fully to heart: only 16 percent said they fully "engage and collaborate with customers" about CSR activities.
You'll find strong evidence that green building has crossed a critical threshold, which begs the question of what comes next. Read more
Latest white papers from our sponsors:
- New Scope 2 Accounting Guidance: What it means for corporate decisions to purchase environmental instruments
- Energy Project Financing Cheat Sheet
- Addressing Transparency Expectations in the Metals and Mining Sector
- Essential Guide to Lighting Retrofits & Upgrades
- Open Standards-Driven Wireless Building Energy Management
- Mack Technologies Achieves Unprecedented Wireless Control
- 14 Strategies to Save up to 70% in Energy Costs Using the Latest in Warehouse Lighting...and More
- Turning Title 24 Regulations into Smart Savings
- Unlocking ROI+: Understanding the Complete Return on Smart Building Investments
- Verifying Environmental Sustainability in the Electronics Marketplace
- A Benchmark Study of Current Practices and Tools for Sustainability
- Increasing Transparency of Environment and Health Claims for Cleaning Products
- How HP Achieves Leadership in Sustainable Product Footprinting at a Fraction of the Cost
- Creating Healthier Furniture and Building Materials by Minimizing Chemical Emissions
- Driving Performance and Transparency in Green Building Products
- Transparency and the Role of Environmental Product Declarations
- The Product Mindset
- Can You Save Millions with Sustainable Packaging Design?
- NAEM Trends Report: Planning for a Sustainable Future
- Guide to Energy, Carbon and Sustainability Software