Sustainability aids bottom line: survey
A new HSBC survey of more than 8,500 companies in 34 markets, ‘Navigator: Now, next and how for business’, has found a trend of businesses making sustainability changes in their supply chains to improve their bottom lines.
Almost a third (31 per cent) of companies globally plan to make sustainฌ
ability-related changes to their supply chains over the next three years. Of those making ethical or environmentally sustainable changes to their supply chains, cost efficiencies (84 per cent) and improved revenues and financial performance (also 84 per cent) were the main motivations.
This trend comes as companies face increasing pressure from customers to be more ethical and transparent about their sourcing. With around 80 per cent of a company’s environmental impact found in its supply chain, the “green”
credentials of strategic suppliers and partners are critical factors in a firm’s reputation and performance, said Bryan Pascoe, global head of client coverage, HSBC Global Commercial Banking.
