India leads in embedding sustainability across corporate plans: Report
Category: #headlines  | By Mateen Dalal  | Date: 2022-02-08 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

India leads in embedding sustainability across corporate plans: Report

As per a report by Russel Reynolds Associates, around 57% of corporations in India have implemented a strategy that is aimed at ensuring sustainability across their business strategies. The report has also analyzed if such a strategy is being communicated and acted upon given the fact that most of the businesses' success in the next decade will be based on their sustainability efforts.

Over 43% of companies across the globe have set sustainability strategies that have been communicated and acted upon. In this context, experts believe that India’s record could be a source of pride since sustainability is not an add-on to strategy but a fundamental stand for any corporate plan.

The latest study is based on responses from over 9,500 participants which include next-generation leaders, C-suite executives, and employees. It was found that around 61% of employees that were studied believe their CEO is committed to organizational progress and sustainability throughout their business strategies as compared to 51% found globally.

Indian leaders are found to understand the potential of sustainability to unlock more value on profit, people, and the planet. Around 45% of C-suite leaders in the country acknowledged that their sustainability strategy is driven by concerns of brand management, with the report claiming that these leaders intend to establish a socially responsible entity to stand apart from the competition.

Approximately 29% of C-suite leaders in India have claimed that their sustainability push is primarily driven by value creation or by looking for additional opportunities. India is the third most likely of all markets analyzed to create value creation as a primary stimulant for a company’s sustainability push, just behind Brazil and Mexico.

Meanwhile, the report also found that the major bottleneck to deploying sustainability across business plans is an inadequate organizational investment. Over half of Indian C-suite leaders believe that the lack of an organizational investment followed by short-term pressures from investors is a major challenge when deploying sustainable practices in any corporate strategy.

Source Credits –

https://www.business-standard.com/article/companies/corporate-india-ahead-in-embedding-sustainability-across-strategies-report-122020701121_1.html

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

Microsoft investigates Teams and Outlook outage that left users disrupted

Microsoft investigates Teams and Outlook outage that left users disrupted

By Mateen Dalal

Microsoft, the U.S.-based technology frontrunner, reportedly investigating an outage that prevented thousands of customers from accessing services like Teams and Outlook. Apparently, the tech giant did not disclose the number of users that were im...

UK: Budget & basic items’ cost in supermarkets soar 20.3% in December

UK: Budget & basic items’ cost in supermarkets soar 20.3% in December

By Mateen Dalal

Britishers who rely on the budget-friendly aisles of supermarkets reportedly saw the biggest increases in food prices in the months leading up to Christmas, significantly outpacing those for luxury as well as premium brands, as per a survey. Accor...

Sun Cable shuts as $21B solar project to power S’pore hangs in balance

Sun Cable shuts as $21B solar project to power S’pore hangs in balance

By Mateen Dalal

Sun Cable, the Singapore-based solar energy company, has reportedly entered voluntary administration, despite the financial support it received from billionaire investors. The company was supposed to be working on a A$30 billion (US$21 billion) solar...