With Financial Sustainability - for Organisational Success and Longevity,
while protecting the environment
Moving into the era of Sustainability, organisations and investors a like, are starting to increasingly use non-financial decision factors to analyse and identify risk and growth opportunities.
Although organisations financial reporting does not commonly use ESG metrics - purpose driven business leaders increasingly include standalone sustainability reporting or sustainability disclosures, as part of their annual reports.
" Environmental - using
sustainable resources and mitigation towards climate changes"
" Consumer
satisfaction & data protection, while practising diverse hiring practices - Social "
" Board diversity, stakeholder accountability and compensation practices at executive leadership level within public and private organisations - Governance "
As all elements are interconnected with each other,
successful sustainability can be a achieved by harmonising
Economic growth and its organisational governance,
with Social inclusion and integration of all people,
while at the same time - protecting the Environment
Why should I deploy my limited assets today to support your business growth tomorrow?
The Answer is - Without ESG, you shouldn’t
SOURCE: R. Bakken, Harvard Extension School, August 2021.
Building a financially successful and thriving business, in todays world - is not enough!
Businesses small and large are very much integrated in people's personal dimensions - be it through daily work, business activities, retail & service transactions or other. In one way or another - all is connected.
Organisational leaders cannot focus on profit alone - but must purposefully consider, and prioritise long-term impacts - over short-term financial gains.
Sustainable Business Strategies can help businesses to focus more on the Social, Environmental and Governance (ESG) impacts - and when sustainability is integrated into the organisations heart and soul, the business model, the vision/mission statement - can provide a lasting competitive advantage.
Sustainable Business Strategies can have many benefits, apart from highlighting ESG impacts.
Reducing waste by recycling and going paperless - can help to transform some old, outdated and potentially inefficient (or even harmful) practices - to be reviewed and replaced with more efficient and cost saving process.
While reducing harmful practices - can result in a healthier and happier work force.
Ensuring vendors and suppliers, the organisation is dealing with, are also working towards the best sustainability efforts - reassures cleaner and more ethically aligned working practices, while at the same time - reducing waste and energy usage, can lower bills - and positively reflect on decreased supplier costs.
Equally, many customers and consumers prefer and even seek-out organisations that actively engage with sustainability principles - and as such, can increase general revenue growth.
How?
Find out more
Focusing on long-term value creation - for all stakeholders to ensure business sustainability
Incorporating circular business practices - to reduced waste and environmental impacts
Better stakeholder engagement - to actively listen, better understand needs and concerns
Foster transparency and accountability - to build trust and better relationships with all parties involved
Encourage flexible and open innovation - to stay ahead of changes (customer needs and market conditions) while adapting to new sustainability challenges