18 Jan '12, 8am

'Recessionary Hangover' Slows Corporate Sustainability's Momentum

'Recessionary Hangover' Slows Corporate Sustainability's Momentum

If you think of the corporate sustainability movement as a ship -- a huge, hulking, slow-moving and still-polluting ship -- new research shows that the ship is still moving forward, but is taking on water and struggling to pick up steam. The fifth annual State of Green Business report , published today by Joel Makower and the editors of GreenBiz.com, finds that while progress is still happening in some areas, for the first time corporate sustainability has slowed, stopped and in some places even reversed. "What’s to blame? Simply put, sustainable business is suffering a recessionary hangover," writes Joel Makower, Executive Editor of GreenBiz.com and principal author of the report. "People expected green investing and corporate sustainability efforts to grind to a halt with the global recession in 2011. While some key indicators such as cleantech investments and energy eff...

Full article: http://www.greenbiz.com/news/2012/01/18/recessionary-hang...

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