Corporate India ahead in embedding sustainability across strategies: Report
- IBEF
- February 8, 2022
Sustainability is expected to become the driving force of corporate success in the coming decade, with 57% of Indian businesses have a sustainability strategy that has been implemented and communicated clearly. The 'Divides and Dividends: Leadership Actions for a More Sustainable Future' research is based on responses from over 9,500 respondents, including 1,392 in India, who include C-Suite executives, next-generation leaders, and employees. According to the report 43% of global organisations have sustainability strategies that have been explicitly implemented and communicated. Out of the 51% globally, 1% of employees believe their CEO is personally devoted to sustainability and organisational success.
According to the C-suite leaders in India the factors that drive their sustainability are, brand management concerns, value creation, and creating opportunities. India, behind Brazil and Mexico, was the third most likely market to mention value creation as a main motivator of their company's sustainability strategy.
Lack of organisational investment is a big concern for over 51% of C-suite leaders in India, followed by short-term investor demands (47%), and organisational complexity (46%). Meanwhile, 70% of India's next-generation leaders have taken on three or more job responsibilities in the last two years to improve environmental and social results, much exceeding the global average (40%) and their APAC counterparts (49%).
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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