Three quarters of all logistics companies focus on sustainability
According to a recent survey by the Logistics Hall of Fame in cooperation with the SCHUNCK GROUP, over half of companies rate the risk of suffering financial losses due to the effects of climate change as medium to high. More than 70 percent of respondents have already invested in the sustainability-related areas of responsibility of climate, compliance and employees.
Every second transport and logistics company currently rates the risk of suffering financial losses due to the effects of climate change as medium to high. This is the result of the latest Logistics Hall of Fame Trend Survey in cooperation with the SCHUNCK GROUP. For this reason, 75 percent of the companies surveyed have already invested in sustainability-related areas of responsibility based on the so-called ESG criteria. ESG stands for the abbreviation of the English terms Environment, Social and Governance. With the help of the criteria, companies report what services are already being provided in these areas. More and more companies will be legally obliged to do so in the coming years.
When looking at the individual areas of responsibility according to ESG criteria, the companies surveyed stated that they had primarily invested in the areas of compliance (83.3%), climate (77.8%) and employees (72.2%). Health and safety is also very important to companies - 61.1% of survey participants had already invested in this segment. The areas of resource scarcity (16.7%), biodiversity and demographic change (11.1% each) play a rather subordinate role. “It is now more important than ever for logistics companies to actively address the issue of sustainability,” emphasizes Thomas Wicke, Managing Director of the SCHUNCK GROUP. “ESG criteria - environmental, social and governance - are not just buzzwords, but decisive factors that strengthen customer trust, reduce regulatory risks and ensure long-term economic success,” he adds.
When asked about the risks that currently cause the greatest danger to the logistics industry worldwide, the topic of cybercrime (83.3%) took first place, as in the previous surveys in the survey series. This is followed by a shortage of skilled workers (50 percent) and political risks (41.7 percent), and then supply chain disruptions (33.3 percent). Compared to the surveys of previous quarters, it is clear that the fear of cybercrime has increased further, while the risk of a shortage of skilled workers is currently perceived as slightly less threatening. Possible risk factors such as the outbreak of a pandemic or natural disasters, on the other hand, play a subordinate role in the risk ranking. The respondents on the panel had the option of selecting up to three risks for this question.
The survey is conducted several times a year with a C-level panel of managing directors, board members, and entrepreneurs from the Logistics Hall of Fame network and the SCHUNCK GROUP. This targeted group provides valuable insights into current industry sentiment, but the survey is not intended to be statistically representative.
