Governance Research Digest – May 2012
A survey by cloud computing firm Rackspace Hosting questioned randomly selected companies on the importance of sustainability versus cost. Of the 2,000 companies selected for the survey, 232 responded with the respondent companies coming from 24 countries including the US, UK, New Zealand, Australia and Brazil.
- Seventy-two percent of US companies say sustainability influences their purchasing decisions and is an important factor when selecting a service provider.
- Outside of the US, 91 percent of companies that participated in the survey said sustainability has been built into their purchasing decisions on either a periodic or standard basis.
- The survey results show sustainability expanding from a “nice to have” to a “need to have” as companies understand that selecting solid partners as part of their supply chain translates into lower risk and more efficiency.
- 26 percent of respondents said cost considerations outweighed environmental factors when purchasing products and services.
- 54 percent of companies said when two purchasing choices are equal (including cost), the greener product or service is better.
- 20 percent said when two purchasing choices are not equal, greener is better.
- 17 percent of companies said sustainability is a standard part of their request for information, proposal or quote system.
- 59 percent of companies said they consider sustainability periodically for specific types of purchases.