Sustainability Managers Get More Authority, Bigger Budgets - The Minute

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Sustainability Managers Get More Authority, Bigger Budgets - The Minute

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#Sustainability is becoming a major line item on the corporate balance sheet - more on @3BLMedia http://3bl.me/73ebdr #CSRMinute
Monday, November 17, 2014 - 4:00pm

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Sustainability managers at major companies are getting more authority, more responsibility, and bigger budgets to support their positions. That’s the finding of a recent survey by Verdantix, a sustainability research and analysis firm. Their polling tracked 260 sustainability managers at companies with revenues ranging from $250 million to $20 billion. Respondents were selected from 21 industries, from business and financial services to manufacturing and retail. More than 90 percent of those respondents reported directly to the company CEO or another member of the executive committee. The number of CEOs who believe that sustainability issues impact their bottom line has grown by one-third, to 28 percent.

Overall spending on sustainability has also increased. Sixty-five percent said their budgets ranged between $1 million to $2.5 million. Sixty percent expected companywide spending on sustainability to increase. The budget of a typical sustainability team now accounts for about ten percent of companywide sustainability spending. The bottom line? Sustainability is becoming a major line item on the corporate balance sheet.

I’m John Howell for 3BL Media.

Video Source: Sustainability Managers Get More Authority, Bigger Budgets

Keywords: 3bl media llc | Diversity & Inclusion | Responsible Business & Employee Engagement | Sustainability Budget | Sustainability Managers | The CSR Minute | Verdantix

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