New study shows: Swiss companies are struggling to meet sustainability targets

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More than four out of five board members (82%) are aware of the increasing importance of sustainability, according to the survey conducted by the SwissVR board association in collaboration with Deloitte Switzerland and Lucerne University of Applied Sciences. However, only half of the companies have set sustainability targets against which they measure success.

Additionally, more than half (60%) of the 409 board members surveyed reported difficulty measuring their environmental impact. The study report further states that the study reveals a significant discrepancy between the increasing importance of sustainability among companies and its practical implementation.

When it comes to sustainability, the prospects for the next three years are clear: 84 percent of respondents expect the importance of sustainable development to continue to increase for their companies. The sustainability wave attracts attention especially in the retail and consumer goods sectors, as well as in the construction and real estate sectors.

The issue of sustainability is actively discussed, especially in the boards of directors of large companies (97%). However, according to the research, VR meetings were also on the agenda of three quarters of small companies in the last twelve months. The majority of board members surveyed (82%) feel they are well equipped to address the issue.

Companies are feeling increasing pressure from outside the company, both from policies, regulations and customers, to take leadership on sustainability issues. Since the beginning of the year, large companies have had stricter ESG reporting and disclosure requirements.

(SDA)

Source :Blick