62% of Indian Businesses have a Robust Sustainability Plan

Indian businesses have recognized the potential of sustainability to unlock business value, with 62 percent of companies noting it’s not difficult to be sustainable and profitable at the same time.

The study conducted by Oxford Economics and SAP found that just 17 percent of respondents have calculated their total organizational carbon input. More importantly, out of the organizations that have acted upon a sustainability strategy, only 7 percent are receiving significant value from it.

Almost 60 percent of the Indian respondents noted that regulatory mandates are the primary drivers of their sustainability strategies. This aligns with the fact that regulatory compliance (45 percent) is the major benefit derived ahead of reduced carbon emissions and increased operational visibility.

Access to accurate and insightful data throughout the business value chain is critical to maximizing sustainability outcomes. But just 44 percent of respondents said they have invested in data analysis to measure sustainability in their business, and a similar 43 percent said they were training staff how to capture sustainability data.