Businesses appreciate the importance of coporate social responsibility and sustainable approaches to technology but many admit to not having the right information about how to assess their corporate impact or how to proceed with improving it.
Acccording to the second annual global corporate social resonsibility survey from IBM released this week, there are gaps between many businesses’ green and sustainable goals and their abillity to achieve them.
For example only 19 percent of the 224 companies surveyed said that they are collecting data on CO2 emissions weekly or more often. “The rest are collecting it no more than monthly, and most only quarterly — ample perhaps for meeting government or stakeholder demands for information, but not nearly enough to make systemic changes that would reduce environmental impact,” the report stated.
According to IBM, collecting and analysing the right environmental and ethical data frequently is key to being able to make better decisions, work with suppliers, and engage with customers.
“Our survey participants clearly understand that integrating CSR considerations into their business strategies is essential to their growth and performance,” said Eric Riddleberger, IBM’s business strategy consulting global leader. “But it’s also pretty obvious many of them don’t know what they need to know to actually make changes that would improve both business performance and societal impact.”
Despite the current global recession, the survey findings revealed that 60 percent of respondents believe CSR is more important to their businesses now than it was a year ago, with only 6 percent saying it was less important.
Other key findings of the IBM survey were:
Thoma Bravo agrees to acquire Darktrace for $5.32 billion in cash, delivering some welcome news…
Customer adoption of AI services embedded in cloud services continues to deliver results for Microsoft,…
TikTok's 'secret source' algorithm is so core to ByteDance, it would rather shut down US…
After relocating from California to Texas in 2020, Oracle's Larry Ellison now reveals plan to…
Share price hit after Meta admits heavy AI spending plans, after posting strong first quarter…
For third time Google delays phase-out of third-party Chrome cookies after pushback from industry and…