21 Jul '11, 10pm

Executives Have Eye on Sustainability, But Struggle to Act

Executives Have Eye on Sustainability, But Struggle to Act

Sustainability is on the radar of many public equity firms, but they are also daunted by the meaning of sustainability, how to get policies and programs started, and who should be in charge of such issues. "You talk about sustainability, and many people jump to the charitable, altruistic aspect of it, and not the economical, rational side of it," said Tim Hartnett, private equity sector leader for PricewaterhouseCoopers (PwC) US. "What sustainability means is not a clear definition that goes across many people, let alone many organizations." PwC, a professional services firm, polled 175 private equity and corporate executives as part of a sustainability-focused webcast , finding that 88 percent believe sustainability will play a greater role in business decisions and investments in the next two years, and 22 percent are developing sustainability strategies. Two year ago, H...

Full article: http://www.greenbiz.com/news/2011/07/21/executives-have-e...

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