ISHN logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
ISHN logo
  • NEWS
    • Today's News
    • Global Safety News
    • Government Regulations
  • PRODUCTS
    • Product Innovations
    • Featured Products
  • TOPICS
    • Environmental Health and Safety
    • Facility Safety
    • Workplace Health
    • Occupational Safety
    • PPE
    • More Topics
  • CONSTRUCTION
  • TECHNOLOGY
  • COLUMNS
    • Best Practices
    • Dave Johnson: What’s going on
    • Editorial Comments
    • Leading Safety
  • MULTIMEDIA
    • ISHN Podcast
    • Videos
    • Cold Stress Education Quiz
    • Webinars
    • White Papers
  • MORE
    • Buyer's Guide
    • Newsletters
    • Convention Companion
    • Polls
    • Events
    • ISHN Store
    • Sponsor Insights
  • EMAGAZINE
    • eMagazine
    • Archived Issues
    • Contact
    • Advertise
  • JOIN TODAY!
Global Safety News

Survey: CEOs see sustainability as non-financial metric

No wonder sustainability offers have weak authority

November 20, 2012

sustainabilityCorporate spending on energy, environment and sustainability management in 2013 will grow by less than 10 percent, according to a Verdantix survey.

The “Global Sustainability Leaders Survey: Budgets and Priorities” report, which is based on interviews with 250 sustainability decision-makers at firms with revenues over $250 million, across 13 countries and 21 industries, found that 46 percent of respondents expect their spending to increase by up to 10 percent next year, while 39 percent face flat budgets.

Only 11 percent of those surveyed anticipate increasing their spending on sustainability by more than 10 percent in 2013 compared to 2012, said Verdantix industry analyst Patrica Satkiewicz.

About 32 percent of respondents said they expect budgets for employee engagement on sustainability, sustainability product or service innovation, sustainable supply chain and sustainable reporting to increase between one and nine percent in 2013. 

Sustainability innovation, marketing and employee engagement will receive the biggest boost in budgets in 2013, while consulting and software implementation will rank at the bottom, the report said.

The report said most CEOs view sustainability as a non-financial metric. But it also found that a quarter of firms spend at least 2 percent of revenues on energy, environment and sustainability initiatives.

The Verdantix report found heads of sustainability have broad responsibilities and weak authority. Even when these leaders have decision-making authority, it is usually shared. For instance, 17 percent of respondents said they have decision-making authority over corporate sustainability reporting, while 45 percent share authority on final decisions.

More than 90 percent of those surveyed predict that sustainability management will change in some way by 2015, with 43 percent predicting significant changes, 37 percent forecasting minimal changes, and 11 percent saying sustainability management will be transformed.

A separate Verdantix report released earlier this month found more than one third (38 percent) of corporate sustainability leaders say their CEOs take a long-term perspective on sustainability.

In the report, “What CEOs Really Think About Sustainability,” Verdantix asked sustainability leaders how they think their CEOs perceive sustainability. Some 12 percent of sustainability leaders said sustainability is a new concept for their CEOs, while 21 percent of CEOs believe sustainability affects quarterly performance.

KEYWORDS: sustainability

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
to unlock your recommendations.

Already have an account? Sign In

  • forklift safety

    Exploring the latest technologies in forklift safety

    With more staff and more stock in warehousing now more...
    Facility Safety
    By: Josh Cramer
  • welding

    All about welder’s flash or arc eye

    A flash burn is a painful inflammation of the cornea,...
    Environmental Health and Safety
  • dangerous jobs

    The 10 most dangerous jobs in the U.S.

    On-the-job deaths have been rising — hitting the highest...
    Occupational Safety
    By: Benita Mehta
Manage My Account
  • eMagazine Subscriptions
  • ISHN Newsletter & Other Newsletter Alerts
  • Online Registration
  • Manage My Preferences
  • Subscription Customer Service

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the ISHN audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of ISHN or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • man wearing the the Sundström SR200 Full Face Mask Respirator
    Sponsored byOHD

    5 Fit Testing Mistakes That Could Cost You

  • This image shows Magid AcuSpex polarized blue mirrored safety glasses.
    Sponsored byMagid Glove and Safety

    Construction PPE Guide: What Crews Need for Each Task

  • lone worker in confined space
    Sponsored byAlphasense Ltd.

    GET THE LEAD OUT of your Safety Oxygen Sensors!

Popular Stories

SpaceX 7 launch

OSHA Investigating Fatal Fall at SpaceX Starbase

Worker Impairment

How to Tell When a Co-Worker is Impaired? A Safety Pro’s Challenge

psychology in the workplace

Most Workplaces Measure Psychological Safety, Ignoring Psychosocial Risks

top 10 most dangerous jobs

Poll

Seasonal Readiness

With the federal heat stress prevention rule on the horizon, which area of your safety program needs the most attention?
View Results Poll Archive

Products

Surviving an OSHA Audit A Management Guide, 2nd Edition

Surviving an OSHA Audit A Management Guide, 2nd Edition

See More Products

ISHN Podcasts

Related Articles

  • CEOs see corporate social responsibility catching on

    See More
  • EPA celebrates May as sustainability month (5/7)

    See More
  • Whither sustainability? CEOs rank it low on 2013 priorities

    See More
×

Become a Leader in Safety Culture

Build your knowledge with ISHN, covering key safety, health and industrial hygiene news, products, and trends.

JOIN TODAY
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Manufacturing Division
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • Newsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2026. All Rights Reserved BNP Media, Inc. and BNP Media II, LLC.

Design, CMS, Hosting & Web Development :: ePublishing