Companies are paying more and more attention to the benefits of incorporating sustainable practices into their operations. According to the results of the HSBC Navigator survey of 2019, 96% of businesses declare feeling pressure to become more sustainable, and almost 25% of them consider that becoming sustainable is crucial if they want to survive in the long run.
This pressure has been historically more present in highly intensive carbon emission sectors such as agriculture. According to HSBC the main motivation for the consulted companies in becoming sustainable has to do with business factors: 29% declares their main goal is to increase sales, and 23% declares that becoming more sustainable will make their operations more efficient. This means that sustainability is a more broad concept than just being a responsible company, it contributes to achieving sustainable economic growth as well.
Interviewees say that in order to achieve their goals, their investment priorities for the next 5 years are centered in maximizing production and increasing sustainable supply respectively while reducing residual waste. Many of them declared they do not have the necessary knowledge or financial access needed for this to happen. This is why HSBC has been working with companies from the agriculture sector interested in shifting to a more sustainable path. Through HSBC’s experienced advice and accompaniment these companies are achieving their goal of generating a positive impact in the environment while having access to more fiscal and government stimulus, green programs and creating new revenue flows.