Sustainability is a business approach that creates long term value. More than 50% of executives have called for sustainable strategies and a good portion of those that haven’t see it as being a part of their future soon. The most notable brands from across the world have embarked on this journey seeing its ecological, economic and social value. There is pressure on each company as corporate responsibility increases and to manage this, improving on your sustainable practices is vital. Here are some ways you can do just that.
Your safest bet will be a commercial energy consultant that will help you identify a sustainable solution specific to your business goals. You’ll be able to save money and maximize energy efficiency, all while boosting your business performance. Click www.utilizer.com.au/ for more information and advice from specialists on the matter.
Strategy and Sustainability
The next step is to figure out how you can align your business strategy with sustainability. Any divergence, makes your efforts seem half-hearted and lacking commitment. Equip yourselves with alternative technologies while working on waste reduction, ecological sourcing and resource efficiency. By doing this you simultaneously reduce operational and financial risks.
Put compliance above competitive advantage. Why? Did you know that more than 40% of investors divest from companies with poor sustainability strategies? Avoid this by adhering first and foremost to the company’s regulations on pollution, waste management, energy efficiency etc.
Many of these leading brands made their changes as a consequence of a crisis. Ultimately it was their success that led to the most of their problems (an outraged public), making entrepreneurs across the world realize the importance of sustainable solutions. Don’t let your company be hit by the impact of poor sustainability, rather take action now and be transparent in your processes. Show clients how exactly you run things and under what conditions through detailed reports and lists.
The board should play a strong role in sustainability as it is often they who tend to be critical in forming collaborations with NGOs, governments and key stakeholders. A poorly engaged board will not build the sort of relationships your business needs to thrive. By forming these collaborations, you tackle sustainability in a broader perspective, in turn allowing for broader solutions. These will tackle worldly crises and substantially better your company’s reputation in the eyes of the public.
Engage As an Organization
Your best chance at succeeding lies in ingraining the strategies in a fundamental way- into the very DNA of your organization itself. Encourage employees to be more active in your sustainable efforts by joining up with local communities and NGOs etc. They can also be encouraged to make personal decisions that reflect on a sustainable lifestyle. Their ability and commitment towards sustainability will ensure that your company as a whole soon follows, provided that it is able to keep in line with standard regulations and compliances. Engage as an organization and you will reach your peak in sustainable strategizing.
This is how you can improve the sustainability practices in your organization. It is a challenging process but any investments you make now are guaranteed to pay off in the long term.