Businesses remain committed to going green. The vast majority of executives responding to Treasury & Risk’s second annual Going Green survey, sponsored again this year by J.P. Morgan, say sustainability efforts produce cost savings (81%, compared to 79% in 2010) with about half citing savings of up to 5% and nearly a quarter seeing savings of 5% to 10%. More executives report their companies have formal environmental policies or a Go Green program in place (52% vs. 46% in 2010); 26% say their companies use alternative energy sources, up from 18% last year; and 39% encourage water conservation, up from 30% in 2010. Meanwhile, 29% say their companies assess their carbon footprint, down from 31% in 2010, and 18% factor climate change into their sustainability plans, down from 20% last year.
From the July/August 2011 issue of Treasury & Risk magazine