86% firms see positive relationship between sustainability, profitability
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New Delhi: 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.
