Sustainability adds to profit for one-third of companies
One-third of companies making changes for sustainability report an increase in profit.
More than a third of U.S. companies say their efforts to boost sustainability have, in turn, generated profits for their businesses, according to a report from Bloomberg.
Roughly 37 percent of the executives and managers surveyed for an annual study by the Massachusetts Institute of Technology and the Boston Consulting Group said eco-friendly initiatives have resulted in financial gains for their companies. That's up from 31 percent from the 2012 study.
Almost half — 48 percent — of the 2,600 survey respondents said they have implemented measures to improve sustainability, according to the report.
The study found that firms in developing countries are more likely to adapt their business models for sustainability, possibly due to starker challenges presented by resource scarcity and climate change.
North America had the lowest percentage of companies changing their business models as a result of sustainability.
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