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Article

19 Sep 2013

Author:
Jo Confino, Guardian Sustainable Business blog

Wake up call for businesses: sustainability progress remains slow

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A comprehensive survey of 1,712 corporate members of the United Nations Global Compact from 113 countries shows that while increasing numbers of chief executives recognise the need to change, they are not following through with concrete actions...[T]he essential problem is that we just don't have the time to allow change to happen in a slow, incremental way if we're going to avoid what many experts see as a looming environmental and social catastrophe...The gap between what companies "say" and "do" is enormous...Other survey results show that sustainability isn't being integrated into the core culture of companies...Part of the problem may well be that company directors are still largely ignorant, rather than merely in denial, about what sustainability actually means and why it is important for their companies to act...The gap in performance between SMEs and large companies is enormous...There are areas, however, where both big and small companies are struggling equally, such as in the lack of impact assessments for human rights and labour.