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Sustainability Is the New "Green"
Wednesday, June 24, 2009 11:45 AM


Research of 1,607 Executives From 36 Countries Identifies Sustainability as One of the Top 5 Priorities in 2009

BOSTON, MA -- (Marketwire) -- 06/24/09 -- Aberdeen Group, a Harte-Hanks Company (NYSE: HHS), announced the release of its The 2009 State of the Market: Mid Year Insights Report which found that for more and more companies, positive social and environmental performance is inextricably tied to a vision of long-term viability and success, however, sustainability is not synonymous with "green" or environmental initiatives. Throughout the past year, Aberdeen's research shows that leading companies have made a resoundingly strong business case for the adoption of genuine sustainability strategies to drive demonstrable business results -- from bottom line cost reductions and enhanced brand value, to optimized performance and ability to attract and satisfy customers, partners and employees.

The report finds that sustainability is an increasingly important aspect of corporate strategy. Across a wide array of sectors, representing firms of all sizes and from all geographies, sustainability and corporate responsibility have grown in importance even as the economy has become more challenging. The emergence of responsibility-framed strategies for business sustainability underscores the increasing importance of social and environmental stewardship to shareholders, customers, trading partners, and regulators alike. The increasing integration of sustainability criteria into organizational strategy marks a dramatic shift in the culture of the business ecosystem worldwide. Indeed, this shift in vision and action has decisively transformed the global market and the very nature of internal and external processes, requirements, alliances, and opportunities.

Based upon findings from over 700 companies worldwide, results continue to demonstrate that sustainability initiatives are increasingly championed by C-level executives. A robust 84% of all respondents already have (65%), or plan to have (19%), executive leadership for their company-wide sustainability strategy. Further demonstrating the continued importance of sustainability even in the current economic climate, for 71% of respondents, dedicated sustainability budgets are either being maintained at current levels (34%) or are being increased (37%). Only 3% of respondents indicated that their sustainability budget will decrease.

Our research further reveals that top performing organizations with responsibility-framed strategies have achieved dramatic competitive advantages.



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