03/05/2011
Some 60 per cent of companies have confirmed they have a sustainability strategy in place, according to a recent report from KPMG cited on Xorte.com.
It has been confirmed that although six in ten companies have forged forward with their corporate sustainability, larger companies were more likely to have created a formal strategy then their small or medium counterparts.
Management-Issues.com also confirmed the results; which found that whilst 80 per cent of large firms questioned had strategies in place, less than half of the smaller organisations said the same.
However 70 per cent of those who didn't have any form of policy or strategy in place said they intended to implement one by 2016. Also, around half of the executives surveyed by KPMG also said that encouraging sustainability would change their bottom line - either by reducing costs or experiencing "increased profitability."
These comments could encourage more small and medium-sized enterprises (SMEs) to invest in sustainability, as it is something that will pay off in the long run. Those who are concerned about the initial costs involved (of which they are some, but are minimal) should consider the many sales finance options on offer.
This can help SMEs to free up cash from unpaid invoices, allowing them to reinvest in their businesses' long-term future and create a more socially-responsible, environmentally-friendly reputation for themselves.
A spokesperson for KPMG, John R Hickox, spoke out about the results of the survey; claiming that: "We see highly focused companies continuing to make progress in developing and implementing sustainability strategies that they say result in greater profitability and efficiency."
Deborah Bates