Many global firms lack sustainability strategies.

PositionUpdate

Almost a third of businesses globally are still yet to put a strategy in place for sustainable growth, according to KPMG's annual "Corporate Sustainability Progress Report

The global research revealed that although sustainability has moved up the corporate agenda over the past three years, 32 per cent of the 378 senior executives surveyed said their organisation is yet to put a plan in place.

The report added that sustainability's main drivers are changing. Although regulatory requirements, brand enhancement and risk management remain key drivers of sustainability, cost reduction is also now a...

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