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Tuesday, April 18, 2023

ESG as a Revenue Enabler: IBM Study

Over 70% of Businesses View ESG as a Revenue Enabler

The argument that ESG harms profitability is “more than a myth—it’s misinformation that leads to poor business decision-making,” according to a new study released by IBM, which found that more than 70% of executives view ESG as a revenue enabler, and that consumers increasingly focus on companies’ sustainability performance when making purchasing and employment decisions. (Source: ESGtoday.com)

“ESG leaders are 43% more likely to outperform on profitability—and 52% more likely to say ESG efforts have a huge impact on profitability.”

“72% of executives say ESG needs to be a higher priority in their organization.”

Read the full report here.