Survey: Retailers Getting Greener

New York City, The results of a new survey makes clear that retailers have begun taking on environmental initiatives in a significant way: Two-thirds of CFOs said their companies are actively undertaking environmentally friendly practices, and 44% said they have increased their investments in green practices over the last two year.

The survey, conducted by BDO Seidman as part of its Retail Compass Survey, also found that, among the top 100 largest retailers, 83% are involved in green practices and 62 of those have increased their green investments during the past two years. The majority of all retailers surveyed said they are pursuing both internal and external green practices, from improving the efficiency of operations to selling greener products, while only 9% said their companies are focused solely on external practices.