More than half of the companies surveyed by the Logistics Hall of Fame rate the risk of suffering financial losses due to the effects of climate change as medium to high.

The survey is one regularly conducted with a C-level panel of managing directors, board members and entrepreneurs from the Logistics Hall of Fame network and the Schunck Group.

The most recent survey found more than 70% of respondents have already invested in environment, social and governance (ESG) criteria.

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 with 61.1% of survey participants 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,” says Schunck Group managing director Thomas Wicke.

“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.”

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%) and political risks (41.7%) and then supply chain disruptions (33.3%).

Compared to the surveys of previous quarters, the fear of cybercrime has increased, 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.