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Survey: Corporate America and Sustainability

BY HBSDealer Staff

A study released earlier this year and conducted by Deloitte Resources was designed to capture the views of American consumers and businesses about their attitudes and practices when it comes to sustainability and the use of natural resources.

Referred to as the Deloitte Resources 2017 Study, this annual study was based on their findings for calendar year 2016.

As to businesses, the researchers conducted more than 700 online interviews with what were termed "business decision makers." These decision makers all worked in companies with more than 250 employees and were in a variety of different industries.

"The gist of what they found," according to Stephen Ashkin, CEO of Sustainability Dashboard Tools, "was that companies are getting much more involved in resource and energy management. In fact, it has been increasing in increments for nearly a decade."

As to why these companies are moving in this direction, 54 percent said cutting costs was the primary factor.

"However, they found something else evolving," adds Ashkin. "According to the study, more than eight in ten now say they are shifting from merely focusing on cost reduction to risk reduction."

Reducing risk, he says, is how companies can be more resilient to unexpected price increases in energy, fuel, and water, or survive significant storms, such as the recent hurricanes.

Among the other findings of the study were the following:
*   Sixty-one percent of the decision makers indicated it's their customers that are demanding they become more sustainable and turn to renewable resources;
*   Sixty-five percent report their companies actively publicize the fact that they are turning to renewable energy sources, apparently using their sustainability efforts also as a marketing tool;
*   Business consumers indicated they reduced their energy consumption by 19 percent in 2016; this compares to 15 percent in 2015 and 14 percent in 2014;
*   Half of the companies reported they now have documented energy/mission statements, something few companies had just a few years ago.

"On the consumer side," Ashkin says, "the researchers found that Millennials are strongly behind sustainability initiatives. They promote and share innovations on social media and are willing to put their money where their values are."

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Solid forecast for roofing tile

BY HBSDealer Staff

Roofing tile demand in the US is projected to advance 5.4% per year to just under 5.0 million squares in 2021. That’s according to a new report from the Cleveland, Ohio-based The Freedonia Group.

According to the group’s new study, New construction applications accounted for the larger share of roofing tile demand in 2016 and will continue to do so going forward, totaling 80% of the market in 2021.

Roofing tile demand plummeted during the Great Recession as housing starts fell precipitously in those parts of the US where roofing tiles are often specified, such as southern California; Las Vegas, Nevada; Phoenix, Arizona; and many parts of Florida.

In terms of material type, concrete is the material of choice. “Concrete roofing tiles dominate demand due to their lower cost and heavier weight compared to clay tiles,” said Freedonia analyst Matt Zielenski.

Freedonia described the “Leading industry players” as CertainTeed, GAF Materials and Owens Corning.

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HBSDealer Stock Watch: Mixed bag for Monday

BY HBSDealer Staff

The bears barely edged the bulls Monday to start the week. Industry stocks that took the biggest hits were SHLD, down 11.52%, and CENT, off 4.02%. In the plus column, FAST gained 1.46%.

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