The Luxembourg Chamber of Commerce, IMS Luxembourg - Inspiring More Sustainability and the INDR national institute for sustainable development and corporate social responsibility have joined forces to design the first panorama of sustainable development in Luxembourg.
This joint survey, which will be conducted annually, is aimed at Luxembourg companies and aims to draw up an inventory of sustainable development and the implementation of 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 aimed to highlight good practices, identify the difficulties encountered by companies and collectively understand the challenges ahead.
The survey was conducted from 30 May to 17 June 2022 among 584 Luxembourg companies representative of the economic fabric. It showed that CSR was applied by more than 40% of Luxembourg companies and that it was a theme that companies were taking into account for the future. The overview showed that the higher the number of employees, the more advanced and applied the CSR strategy. Whilst few companies had appointed a person dedicated to this activity, two-thirds of the companies surveyed had a sustainable development approach driven by the will of management.
Companies considered image and customer positioning to be of primary importance when formalising a CSR strategy. Nevertheless, few companies have communicated this to the public.
Moreover, 71% of companies envisaged CSR as a concept for the future. 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 is expected to more or less double in the next three years.
The panorama also showed that half of companies needed information and training on sustainable development regarding financial aid, tools, support, training and good practices.
Given these results, the partners deemed it 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 are aimed at offering optimised support to companies according to their needs and progress in this area.
A digital report containing the survey results is available on the Chamber of Commerce, IMS and INDR websites.