While managers are worried about whether their businesses are sustainable economically, the question of whether they are sustainable environmentally seems less pressing.
Before the crisis wiped out other concerns, companies were increasingly eager to trumpet their environmental credentials. Large companies, including household names such as Wal-Mart and General Electric, Ford and Coca-Cola, HSBC and News Corporation, made pledges to cut their greenhouse gas emissions and lessen their environmental impact. What will happen to companies' environmental commitments when businesses are fighting for their survival? Will the pledges made in a sunnier economic climate be forgotten?
Talk to any of the companies that have taken a lead on environmental issues, and the answer is the same: no. Environmental sustainability is just as important in a downturn, they insist. ”Our goal is still to be one of the world's leading brands in corporate sustainability and we regard it as central to business strategy,” says Francis Sullivan, deputy head of corporate sustainability at HSBC.
“We continue our commitment to reducing our environmental footprint and implementing our sustainability risk policies. We also maintain that sustainability offers diverse business opportunities [such as investment in renewable energy].”
Subscribe
Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.
Posted on 9th October 2008
Latest Posts
-
IEMA appoints two new Board Directors
- 28th March 2024 -
Impact Assessment Network Volunteers receive International Association of Impact Assessment (IAIA) Regional Award
- 20th March 2024 -
IEMA launches digital campaign to share knowledge and inspire action in sustainability
- 6th March 2024 -
IEMA comments on 2023 being hottest year on record
- 9th January 2024 -
IEMA reacts to COP28 agreement to transition away from fossil fuels
- 13th December 2023 -
New IEMA social sustainability steering group – express your interest in joining
- 24th November 2023