Report reveals big businesses investing in sustainability

on Tuesday, December 11, 2012

Report reveals big businesses investing in sustainabilityAccording to a new report by Calvert Investments, Ceres and World Wildlife Fund (WWF), more companies are investing in sustainability, despite no new U.S. federal legislation requiring them to do so. The report, Power Forward: Why the World's Largest Companies are Investing in Renewable Energy, revealed that a large number of corporations are taking the steps necessary to create green processes and supply chains.

Sustainability a growing concern
The recently released report found that 56 percent of Fortune 100 and Global 100 companies have set greenhouse gas reduction targets and aim to slash their emissions. Of those companies, another 13 percent have goals to meet in regard to using sustainable energy sources, such as wind, solar and geothermal.

The report revealed companies are also beginning to move away from short-term green initiatives in favor of longer term sustainability policies that can become an integral part of their business performance.

Some of the companies taking part in these green initiatives are organizations such as AT&T, Sprint, General Motors, Wal-Mart and Hewlett-Packard. According to the report, many of these large corporations are integrating sustainability measures as standard processes.

"The companies that are boldly setting either greenhouse gas or renewable energy goals and making progress on those commitments are demonstrating the business case and real leadership on climate change," said Marty Spitzer, director of U.S. climate policy at WWF. "And, in the process, these companies are changing the game - driving significant renewable energy investment globally and pressing for the right policy and market conditions that will allow companies to do even more."

Implementing sustainability through the supply chain
Businesses looking to implement more sustainable policies can do so by encouraging strategic sourcing strategies, that can cut down on both unnecessary spending and greenhouse gas emissions. They can also look into procurement auditing procedures that will ensure their processes are running smoothly and can help identify any areas that could be improved upon. With more global companies setting goals and hitting their targets in regard to renewable energy use, limited greenhouse gas emissions and careful resource use, it may encourage smaller enterprises to implement their own sustainability policies throughout their supply chains.

Besides helping the environment, saving natural gas and increasing their good standing with consumers, businesses that choose to implement special sustainability policies can enjoy cost savings due to their lower energy bills and reduced spending on fuel.

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