Five years ago, the No. 1 reason that companies around the world said they were working on sustainability was to improve operational efficiency. Today, the top reason firms pursue a sustainability agenda is because it’s part of their values.
As environmental, social, and governance issues have become ever more important influencers of customer and employee expectations, organizations have tightened their embrace of the sustainability programs that address those issues.
According to the latest McKinsey Global Survey on the topic,1 companies are increasingly formalizing the way they govern sustainability programs, as well as elevating the importance of diversity and inclusion.
And a larger share of respondents than ever before say the top reason for implementing a sustainability agenda is better alignment between an organization’s practices and its goals, missions, or values.
Get the full story at Harvard Business Review and McKinsey & Company