New Delhi, April 29 (SocialNews.XYZ) About 86 per cent of Indian organisations see a moderate to strong relationship between sustainability and their company's profitability, a new report said on Monday.
According to the cloud software major SAP, 77 per cent of Indian businesses have seen sustainability strategies contributing to outcomes such as revenue or profit growth to a moderate or strong degree.
"Sustainability is now a business necessity rather than merely a moral duty. It can no longer be seen as distinct from the overall financial performance of the company," said Manish Prasad, President, and MD of SAP Indian Subcontinent.
"It is evident from the findings of our study that businesses that prioritise sustainability are more successful," he added.
Moreover, the report mentioned that 58 per cent of Indian firms expect a positive financial return on their sustainability investments within the next five years.
About 39 per cent of businesses plan to increase their investments in sustainability over the next three years.
"The Asian market represents more than 50 per cent of the world’s emissions, and so as one of the fastest growing hotbeds of innovation and economic activity in the region, India is in a unique position to lead the charge against climate change," said Paul Marriott, President, SAP Asia Pacific Japan.
In addition, the report said that 69 per cent of Indian organisations use sustainability data to inform strategic and operational decision-making to a moderate to strong degree.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz