The Chamber of Commerce, IMS (Inspiring More Sustainability) and the INDR (National Institute for Sustainable Development and Corporate Social Responsibility) present the first panorama of sustainable development in Luxembourg. This survey establishes the state of play of the implementation of sustainable measures within companies.
The CC, IMS and INDR have joined forces and mobilised their resources to create the first panorama of sustainable development in Luxembourg. The survey is aimed at Luxembourg companies and aims to draw up an inventory of sustainable development and corporate social responsibility (CSR) in companies.
The social and environmental transformation of companies is a major contemporary challenge. The project partners have had the opportunity to survey Luxembourg companies on this theme to provide the necessary support for their transition and their steps in favour of sustainable development. The development of a joint survey appeared required to highlight good practices, identify the difficulties encountered by companies and collectively understand the challenges ahead.
The key results of the survey
The survey was conducted from 30 May to 17 June 2022 among 584 Luxembourg companies representative of the economic fabric.
It shows that CSR is applied by more than 40% of Luxembourg companies and that it is a theme that companies are taking into account for the future. The overview shows that the higher the number of employees, the more advanced and applied the CSR strategy. Few companies have appointed a person dedicated to this activity. Two-thirds of the companies surveyed have a sustainable development approach driven by the will of management.
Companies consider image and customer positioning primary importance when formalising a CSR strategy. Nevertheless, few companies communicate this to the public.
Finally, allocating a specific budget for sustainable development remains low; all sectors have taken it together. The implementation of a sustainable development strategy requires human and financial resources.
A promising step forward for companies on the road to sustainable development
CSR is a concept envisaged in the future by 71% of companies. Three out of four companies have formalised or plan to formalise their sustainable development strategy. Another promising result is that companies' commitment to sustainable development should more or less double in the next three years.
Suppose one of the only obstacles is financial. In that case, the panorama shows that half of the companies need information and training on sustainable development regarding financial aid, tools, support, training and good practices.
Given these results, it is therefore essential to raise awareness among companies and make information more accessible on what exists in Luxembourg,
The survey will be repeated every year and establish a regular inventory of sustainable development in companies in Luxembourg to analyse the evolution of the results and the maturity of Luxembourg companies on CSR. The results will offer optimised support to companies according to their needs and progress in this area.