Blog: A new era of sustainability?
Leonie Barrie | 23 June 2010
Almost every meeting I've ever attended on corporate social responsibility has stressed the importance of buy-in from top executives from the CEO down if it is to become truly ingrained into a company's ethos. It's all well and good for individuals within an organisation to be committed to sustainability, but if there's no support at the top then it will be virtually impossible to turn well-intentioned words into action.
So it's encouraging to see research that suggests today's CEOs are more committed than ever to creating sustainable businesses in which environmental, social and corporate governance issues are embedded throughout their operations, supply chain and subsidiaries.
And even more encouraging is the fact that the main motivator is no longer just social responsibility, but is equally about achieving performance benefits such as lower costs, stronger customer relationships and increased revenues.
The report - 'A New Era of Sustainability Study 2010' - from the United Nations Global Compact and Accenture, is based on a global survey of more than 750 CEOs from around the world. Apparently 93% of CEOs now see sustainability as important to their future success despite the recent economic downturn, with rebuilding consumer trust as the most pressing concern.
Furthermore, they believe that within a decade, a tipping point could be reached that fully meshes sustainability with core business.
Of course challenges remain and execution across an organisation - particularly in the supply chain - is highlighted as especially difficult. And integrating sustainability into global businesses will entail a staggering number of regulatory, technology, investment and consumer changes too.
But it's great to see that some progress is being made and that we're getting nearer to the day when businesses will no longer measure their success in terms of profit and loss, but will also be assessed on the positive and negative impacts they have on society and the environment.
Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...
This week our focus turns to first thoughts from a panel of industry experts consulted by just-style on the challenges and opportunities likely to face the apparel supply chain in 2017, with prospects...
Welcome back after the holiday break, and from the team here at just-style I’d like to wish all our readers a happy and prosperous New Year....
Apparel sourcing is a complex process built on a mix of location, logistics, lead-time, price, compliance, risk and reliability. And it's in a constant state of flux as retailers, brands and manufactu...
- Trump and the apparel industry – Infographic
- $1.7bn package to boost Pakistan clothing exports
- British Brexit plans prioritise tariff-free trade
- Mexico riots hit apparel retailers and shipments
- Outlook 2017 – What next for apparel sourcing?
- Cambodia clothing exports at risk from Brexit
- MAS Holdings planning second industrial park
- Apparel brands urge Bangladesh PM to address wages
- American Apparel to shutter all stores?
- Better compliance "crucial" for Bangladesh growth
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global apparel markets: product developments and innovations, October 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022