Companies Are Cutting Costs by Implementing
Green Treasury Strategies, According to J.P.
While Finance Executives Report Advancements in Establishing Corporate Green Programs, Several
Areas for Improvement Remain
September 21, 2010 09:03 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--J.P. Morgan Treasury Services, sponsor of Treasury & Risk’s
first annual Going Green survey, found that approximately 80% of the more than 200 finance executives surveyed
say green strategies or sustainability efforts have saved or are expected to save their company money.
Approximately 79% of these executives expected to see increased efficiencies if they were to shift to a completely
green treasury operation. Certain green strategies are quite popular, including converting paper-based treasury
processes to electronic transactions, which was cited by 71% of participants.
While the Go Green survey identifies several successes in establishing corporate green strategies, businesses still
have a ways to go. Only 31% say their company has assessed its carbon footprint. In addition, only 37% say their
company’s environmental strategy is integrated in its business plan, and a mere 20% have factored climate change
into business sustainability plans. Less than half say their company has formal environmental policies or sustainability
“Migrating to electronic Treasury processes can have a measurable impact on a corporation’s carbon footprint as
large treasury operations can easily generate 5.5 tons of paper each year—the equivalent of 143 trees and 106 tons
of greenhouse gasses,” said Susan Webb, managing director, J.P. Morgan Treasury Services. “We sponsored this
survey to highlight the benefits of establishing a completely green treasury and help bring greater focus to what role
finance executives can take in improving corporate sustainability efforts.”
“In addition to environmental concerns, today’s economic climate is making it even more essential for tr