A large scale study comparing Canadian companies to their world peers finds Canada leads in capturing cost reduction from sustainability initiatives but lags global leaders in driving profitability through collaboration. Broader collaborations with customers, suppliers, government and policy makers may be a key to unlocking the next phase’s rewards.
Tag: reputation
The Future of Corporate Sustainability: McKinsey, PwC
Recent reports by McKinsey and PricewaterhouseCoopers find more companies are managing sustainability to improve process and pursue growth instead of focusing on reputation alone. In this article, guest contributor Venkat S. Somasundaram analyzes these reports and presents three key challenges to the future of corporate sustainability.