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Asia-Pacific Leading The World In Sustainability
From;    Author:Stand originally

Over 40 Per Cent Of Asia-based Executives See Improved Shareholder Value As The Greatest Benefit From Adopting Sustainable Practices

HONG KONG of manpower resource net, june 26- - According To A Survey By The Economist Intelligence Unit (EIU) , 64 Per Cent Of Executives Surveyed In Asia Pacific Agreed That The Benefits Of Investing In Sustainability Outweighed The Costs. The Asia Pacific Executive Summary Released Today Reveals That 42 Per Cent Of Those Polled Said That The Greatest Benefit Was That Of Improved Shareholder Value.

The EIU Asia Pacific Executive Summary Sponsored By Jones Lang LaSalle Is Based Upon A Global Survey Conducted By EIU At The End Of 2007 To Assess The Impact Of Sustainability On Business Today. It Drew On A Wide-ranging Survey Of 1, 254 Executives Worldwide, including 337 Based In The Asia Pacific Region. A Further 28 In-depth Interviews Were Organised With Senior Executives And Experts From Businesses, non-governmental Organisations, academia And Elsewhere.

Speaking At The ROI Of Sustainability EIU Conference In Hong Kong Today, the National Director Of Energy And Sustainability Services At Jones Lang LaSalle, mr Chris Wallbank Sees These Findings As Supporting What Jones Lang LaSalle Are Hearing From Its Clients, "More And More Companies Are Recognizing The Strong Business Case For Sustainability, but While There Is A Lot Of Talk, the Challenge Remains In The Implementation. The Challenge Remains In The Implementation..

The Survey Shows That 41 Per Cent Of Companies That Rated Their Sustainability Performance Highly Over The Last Three Years Saw Their Share Prices Rise Over 31 Per Cent. Only 14 Per Cent Of Companies That Rated Their Sustainability Performance As Poor Saw The Same Share Growth.

Despite Some Companies Saying That There Is Still Confusion About What Sustainability Means For An Organization, asia Pacific Is Making Impressive Progress. The Survey Shows That Asia Pacific Is Leading The Global Average In 16 Areas Of Sustainable Practice And Policy, in Particular:

- - 59 Per Cent Of Firms In Asia Pacific Have Taken Steps To Improve Governance Of Environmental And Social Performance Compared To 51 Per Cent Globally
- - 47 Per Cent Have Revised And Tightened Controls To Support Ethical Business Dealings, compared To A Global Average Of 40 Per Cent
- - 35 Per Cent Have Upgraded IT Systems To Improve Reporting And Performance Management On Sustainability Issues, compared To A Global Average Of Just 27 Per Cent

According To The Survey, one Roadblock To Implementation Is That Many Companies Lack A Coherent Strategy. Asia Pacific Is Doing Better Than Other Regions With 57 Per Cent Of Asian Respondents Reporting That Their Companies Have A Strategy In Place, compared With 51 Per Cent In America And 50 Per Cent In Western Europe. However, more Executives In Asia Pacific- - 65 Per Cent- - Than Elsewhere Think That Voluntary Business Action, in Conjunction With Government Regulation And Market Forces, is Generally More Effective Than Regulation Alone In Reducing Companies' Environmental And Social Impact.
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