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In the recently released 2015 State of Green Business Report, experts from GreenBiz and Trucost present some intriguing insights into the state of the sustainability profession. The researchers surveyed 945 sustainability professionals from around the US to assist in their assessment.
The results of the survey showed that while in-house sustainability teams have been growing over the past few years, the budgets that these teams have to work with are not increasing significantly. Around 40% of large companies have brought more manpower to their sustainability departments in the last two years. This seems to indicate that companies do consider it to be an important area that deserves the allocation of resources. However, at the same time, the majority of companies have stagnant sustainability budgets that remain relatively small. Three quarters of these annual budgets are less than $1 million, including many corporations with over $1 billion in revenue.
GreenBiz and Trucost have released their annual report on the state of sustainability in the business world. The report gives an overall view of CSR and sustainability in the private sector and outlines some key stories and trends to watch for in 2015.
The report begins fairly optimistically, asserting that companies (and other organizations) are continuing to work on fostering sustainability, confronting a variety of issues across many different sectors and industries. However, as the authors put it, “the question, as always, is whether this inexorable march of progress is making enough of a difference.” Arguably not they say, pointing out that sustainability budgets are often the first to go in tough economic times. However, despite this persisting lethargy, they do assert that broader, and potentially lasting, changes can be seen in the way that sustainability is being engrained into the psyche of the corporate world.
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