Sustainability is key, 42% of companies say

From Environmental Leader

Some 42 percent of companies in 2012 – more than twice as many as in 2006 – say sustainability plays a key role in their business operations, according to a study by Siemens and McGraw-Hill Construction. In 2006, 18 percent of companies did so.

The 2012 Greening of Corporate America study is the third in a series by the two firms, initiated in 2006 to investigate corporate sustainability.

The latest study shows companies are institutionalizing sustainability into business policy and practice, Siemens and McGraw-Hill say. The percentage of firms viewing environmental initiatives as costs, or required based on legal obligations alone, fell from 33 percent in 2006 to 17 percent in 2012, according to the study.

The study also says the influence of the chief sustainability officer position continues to rise, as does the creation of dedicated sustainability budgets.

Read the rest of the article at Environmental Leader.