Despite an overall trend towards seeing sustainability as an opportunity for value creation and business success, according to a new research study published today by the United Nations Global Compact and Accenture, there are major differences in perceptions of sustainability between CEOs in different industry sectors, and significant gaps in the level of integration of sustainability already achieved in their companies.
According to the report released by independent research firm, Verdantix, increasing oil and electricity prices, the hidden cost of carbon, growing risks from energy supply disruption and board-level climate change compliance issues make energy efficiency a new imperative for the CFO.
In the September issue of Harvard Business Review, authors Ram Nidumolu, C.K. Prahalad, and M.R. Rangaswami provide a framework for adopting sustainable practices to bring about technological and organizational innovations that will ultimately yield top-line and bottom-line returns, providing a competitive advantage when the recession ends. They feel that sustainable companies will emerge from the recession ahead of their competitors, who will face difficulties trying to catch up.
In the US market demand for advice on climate change and sustainability is growing due to a dramatic shift in US climate change policy, the cost reduction potential of “green” programs and competitive pressure to implement a climate change strategy. Consulting firms that fail to establish their climate change expertise during 2009 will miss out on the biggest opportunity in the consulting market for 20 years, according to independent research conducted by Verdantix. The ground-breaking analysis of the US climate change consulting market applies 56 evaluation criteria to assess 19 consulting and professional services firms including BCG, Booz & Company, CH2M Hill, ENVIRON, ERM, Ernst & Young, ICF International, McKinsey & Company, PA Consulting Group and PwC.
National Association of Educational Procurement (NAEP) and SciQuest, Inc., a procurement automation organization recently announced the findings of “The Current State of Green Procurement Trends within Higher Education” survey. The survey, which garnered responses from procurement professionals at more than 100 colleges and universities in the U.S., sought to provide a benchmark from which the profession can gauge the growing role of procurement organizations within sustainability efforts, from the American College and University Presidents Climate Commitment–an effort to address global warming by garnering institutional commitments to neutralize greenhouse gas emissions–to higher education’s efforts to contain costs and do more with less. This is the first year the survey was conducted.
Symantec announced today the findings of its 2009 Green IT Report, a follow up to the Green Data Center report released in late 2007. According to survey data, senior-level IT executives report significant interest in green IT strategies and solutions, attributed to both cost reduction and environmental responsibility. The data points to a shift from implementing “green” technologies primarily for cost reduction purposes, to a more balanced awareness of also improving the organization’s environmental standing.
