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In years past, companies would provide recycling receptacles and install compact fluorescent light bulbs (CFLs) and consider themselves “green.” But with pressing forces of climate change, strained resources and transparency, corporate sustainability has evolved and become embedded deeper in business decisions. It now defines company culture and corporate reputation.
A number of significant sustainability developments occurred in 2012, contributing to our need for increased collective action around climate change. The Dodd-Frank Act mandated companies to disclose information related to their supply chain. The US drought grew and became more extreme, impacting agriculture and commodity prices. Conversations after Hurricane Sandy showed the need for increased adaptation and resiliency necessary for the future.
In the midst of these pressing issues, I see the following five trends emerging in the world of corporate sustainability in 2013.