|[October 26, 2012]
Siemens-McGraw-Hill Construction Study Shows Continued Evolution of Corporate Sustainability
BUFFALO GROVE, Ill. --(Business Wire)--
announced the results of the 2012 Greening of Corporate America study,
issued in conjunction with McGraw-Hill
Construction. This is the third in a series of reports initiated in
2006 to investigate the emerging trend of corporate sustainability. The
survey was conducted again this year to determine how corporate
sustainability has continued to evolve and understand how the nation's
largest companies are institutionalizing sustainability into business
policy and practice.
"Since 2006 we've seen a dramatic shift in how corporate sustainability
is transforming business," said Ari Kobb, director, Sustainability &
Green Building Solutions, Siemens (News - Alert) Building Technologies division. "In
only six years, it has grown from being a fledgling concept to becoming
a standard element of corporate strategy. Companies are no longer
incorporating sustainability simply out of obligation."
The 2006 study demonstrated a fundamental shift in the attitudes and
practices of our nation's leading corporations regarding the greening of
their operations and commitments to sustainability. By 2009, the new
Corporate Sustainability Officer position had emerged within
corporations and standard sustainability practices were being integrated
into everyday operations and business growth. Key highlights of the 2012
Corporate America shows continued progress along the Corporate Green
Spectrum (News - Alert) from 2006 to 2012.
The percentage of firms that are highly engaged in sustainability has
risen from 18% in 2006 to 42% in the 2012 study, while the percentage
of firms viewing environmental initiatives as costs or required based
on legal obligations alone fell from 33% in 2006 to 17% in 2012.
The influence of the Chief Sustainability Officer position continues
to rise, as does the creation of dedicated sustainability budgets.
Energy and cost savings remain the most important drivers encouraging
ustainability in Corporate America, while financial considerations
such as the state of the economy and budget issues are the greatest
obstacles to broader adoption.
"It is exciting to see that corporate America's investments in
sustainability continue to grow and that it is becoming more integrated
within their business practices," said Harvey M. Bernstein, vice
president of Industry Insights & Alliances at McGraw-Hill Construction.
"It is also important to note that corporate leaders are increasingly
expecting significant social and health benefits from sustainability
that move beyond operating cost savings. About half of the executives we
surveyed expect both lower healthcare costs and greater worker
productivity as a result of their sustainability investments."
Understanding these benefits may help drive investments even further.
Siemens and McGraw-Hill Construction presented the complete survey
results at the conference session "Greening of Corporate America:
Findings from the Groundbreaking 2012 Survey of Corporate Leaders" at
McGraw-Hill Construction's Outlook 2013 Executive Conference in
Washington, D.C. on October 23.
Siemens Infrastructure & Cities Sector, with approximately
87,000 employees worldwide, offers sustainable technologies for
metropolitan areas and their infrastructures. Its offerings include
complete traffic and transportation systems, intelligent logistics,
efficient energy supply, environmentally compatible building
technologies, modernization of the way power is transmitted and
distributed, and smart consumption of electricity. The sector is
comprised of the Rail Systems, Mobility and Logistics, Low and Medium
Voltage, Smart Grid and Building Technologies Divisions as well as Osram
Sylvania. For more information, visit www.usa.siemens.com/infrastructure-cities
The Siemens Building Technologies Division is the world's market
leader for safe and energy efficient buildings ("green buildings") and
infrastructures. As a service provider, system integrator and product
vendor, Building Technologies has offerings for building automation,
heating, ventilation and air conditioning (HVAC), fire protection and
security. For more information, visit http://www.usa.siemens.com/buildingtechnologies
About McGraw-Hill Construction:
McGraw-Hill Construction's data, analytics, and media businesses-Dodge,
Sweets, Architectural Record, and Engineering News-Record-create
opportunities for owners, architects, engineers, contractors, building
product manufacturers, and distributors to strengthen their market
position, size their markets, prioritize prospects, and target and build
relationships that will win more business. McGraw-Hill Construction
serves more than one million customers through its trends and forecasts,
industry news, and leading platform of construction data, benchmarks,
and analytics. To learn more, visit www.construction.com.
About The McGraw-Hill Companies:
McGraw-Hill (NYSE: MHP) announced on September 12, 2011, its intention
to separate into two public companies: McGraw-Hill Financial, a provider
of content and analytics to global financial markets, and McGraw-Hill
Education, an education company focused on digital learning and
education services worldwide. McGraw-Hill Financial's leading brands
include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Indices,
Platts energy information services, and J.D. Power and Associates. With
sales of $6.2 billion in 2010, the Corporation has approximately 21,000
employees across more than 280 offices in 40 countries. Additional
information is available at http://www.mcgraw-hill.com/.
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