Exciting news from Environmental Leader today:

Company executives believe that corporate responsibility programs can positively impact their business and help achieve strategic goals, according to a survey of more than 500 business executives conducted by Grant Thornton LLP.While conventional wisdom might suggest that these initiatives will drain the corporate coffers, only a quarter of survey respondents agreed that profits needed to be sacrificed, while three quarters believed corporate responsibility could enhance profitability. As a result, 77 percent said they expected corporate responsibility initiatives to have a major impact on their business strategies over the next several years.

Seventy-seven percent of companies anticipate more spending on environmental programs, 50 percent expect greater allocation to social responsibility programs and 45 percent say economic/governance initiatives will see more funding. Respondents felt that tax incentives, customer support, and innovative technologies were most likely to prompt companies to invest more heavily in environmental initiatives.

For more information on the study, click here.

Labels: CSR, Environmental Leader