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.