Key findings from the Navigator survey
BEING SUSTAINABLE IS SEEN AS VERY IMPORTANT GLOBALLY
81% of companies say ethical and environmental sustainability is important to them and 83% want to be a genuinely ethical or environmentally sustainable company. Almost one in five (17%) companies globally plan to increase their emphasis on their ethical and environmental standards. This is higher for companies in emerging market countries (21%) than those in developed markets (15%).
BUSINESSES HAVE MORE CONTROL AND SIGHT OVER THEIR SUPPLY CHAINS
One in five companies globally (20%) say they’ve had greater control of their supply chain over the last two years. This presents a timely opportunity for businesses to assess their networks and take action to become more sustainable, which can help you remain competitive in an increasingly demanding trading environment.
SUSTAINABILITY IS A BIG DRIVER OF SUPPLY CHAIN CHANGES
Almost a third (31%) of businesses globally will be looking to make changes to their supply chains related to sustainability. Improving sustainability outcomes is the highest objective (27%) for making supply chain changes after reducing cost (38%) and increasing profits/ revenue (36%).
BUSINESSES RECOGNISE THE FINANCIAL REWARDS OF BEING MORE SUSTAINABLE
Cost savings and higher profits are a huge driver of sustainability supply chain changes. 84% of businesses are making ethically or environmentally sustainable changes to their supply chains to support cost efficiencies while 84% of companies are looking to make ethically or environmentally sustainable changes to improve revenues/ financial performance.
PEER/ INDUSTRY RECOGNITION IS IMPORTANT
85% of businesses want to achieve a sustainability standard recognised by their sector or market and 84% say it’s important to be perceived as ethically or environmentally sustainable.
HSBC is making the transition to become more sustainable, and we want to work together with you to create a more sustainable future.
Our network, financial expertise, tools and connections can help support businesses of all sizes to transition to be more sustainable.
In 2017, HSBC pledged to provide USD100 billion of sustainable finance by 2025; in the first year we have already committed more than USD25 billion cumulatively across 35 markets.
HSBC Navigator has found that for many businesses, becoming more sustainable is not only beneficial for the environment and for society, but for their bottom line too. Never has there been a more important time for businesses to play their part in creating a more sustainable future. Forward thinking companies are acting now.
HSBC’s Navigator surveyed 8,650 business decision-makers in 34 markets. Research by Kantar TNS for HSBC August / September 2018