Arthur D. Little report examines key challenges to effective business sustainability

  • Date: 10-Aug-2022
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:UAE
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Arthur D. Little report examines key challenges to effective business sustainability

- Whereas 72% of companies maintain sustainability collaboration with existing partners, a growing number of organizations now collaborate with universities/R&D groups (12%) and downstream supply chain partners/end customers (16%).

- Adopting sustainability within an organization can deliver both top-line and bottom-line benefits, leading to higher shareholder returns

Dubai, UAE: Arthur D. Little (ADL), the world’s first management consulting firm, today released an exclusive report exploring the state of sustainability and the challenges to adoption. With insights from Prof. Tima Bansal of Ivey Business School, the report, titled Overcoming the Challenges to Sustainability, is based on a global survey conducted by ADL which identifies the dynamic variables that are shaping business sustainability worldwide, including the Middle East and North Africa (MENA) region. Despite understanding the benefits, the survey shows a fifth of companies (20%) still do not have a sustainability strategy in place and less than 30% believe the impact of that strategy is clear to all employees. This failure to take meaningful action and embed sustainability at the center of organizations does not only cause potential environmental and social harm; it also holds back business performance.

Sustainability is a top priority for most business leaders, leading to a constant stream of announcements around