What’s Behind the New Urgency Driving Sustainability Initiatives?

January 11, 2022 EcoVadis ‏‏‎

The COVID-19 pandemic accelerated many things in the business world, but one item that temporarily fell off the priority list was sustainability. In a survey of 750 executives, Deloitte found that nearly two-thirds of organizations had to cut back on environmental sustainability efforts due to the pandemic and resulting economic downturn.

But ongoing pressure from consumers, employees and even regulators has forced businesses — especially retailers — to reprioritize sustainability along with broader corporate social responsibility (CSR) strategies. Retail TouchPoints recently partnered with Amazon Web Services on a survey of 500 retail and brand executives and found that the vast majority (84%) have incorporated CSR in some way into their business strategies, largely because they think it is the right thing to do (72%). But that isn’t the only reason. There are a multitude of internal and external factors motivating action, including the desire to protect their company’s reputation (50%) and even to reduce costs (35%).

Read the full article at: www.retailtouchpoints.com


About the Author

EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 160+ countries.

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