CEOs around the world are saying IT solutions are necessary to improve sustainable business practices, according to a study from the United Nations Global Compact, an initiative encouraging businesses to adopt more sustainable and socially responsible policies.
The study also showed that the overwhelming majority — 93 percent — of nearly 800 CEOs surveyed now believe their companies’ success depends on some form of effective sustainability management. Eighty-one percent of the CEOs say their companies have implemented sustainability strategies, and most agree the worldwide recession is putting an unprecedented emphasis on sustainability for conserving resources and controlling related costs.
Energy-cost reduction — coupled with the uncertainty of the current economy — is now considered a survival measure, the survey showed.