More than half of companies say sustainability reporting leads to higher cash flows and helps improve firm reputation, according to a report from the Boston College Center for Corporate Citizenship and Ernst & Young. Read "Sustainability Reporting "Leads to Higher Cash Flows""
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Sustainability is paying off for a growing number of companies with 37 percent of surveyed executives reporting a profit from their efforts, a 23 percent rise over last year, according to a global study by the MIT Sloan Management Review and The Boston Consulting Group. Read 'More Companies Profit from Sustainability, Survey Finds'
"Seventy percent of companies believe that climate change has the potential to negatively impact their revenue; but there is a gap between major multinational companies that belong to the Carbon Disclosure Project (CDP) and their suppliers, according to a new study. The report 'Reducing Risk and Driving Business Value,' published by the CDP and Accenture, is based on information from 2,415 companies, including 2,363 suppliers and 52 major purchasing organizations that are CDP Supply Chain program members. Those members, which include Dell, Coca-Cola and Walmart, represent a combined spending power of $1 trillion."
Read full review of 'Dell, Walmart Among Companies Concerned about Climate Change' on Energy Manager
We’re seeing more companies allocating budget dollars for energy and sustainability software in 2013. To help you with your budgeting plans, here is some anecdotal information about what other organizations are doing... ... Companies plan to purchase enterprise carbon accounting and sustainability software, often to ease burden of responding to sustainability surveys from their top customers (like Walmart) and sales prospects.