The Strategy of Corporate Sustainability.


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Uploaded on Mar 31, 2021

Category Career & HR

PPT on The Strategy of Corporate Sustainability.

Category Career & HR

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The Strategy of Corporate Sustainability.

The Strategy of Corporate Sustainability Introduction • Sustainable and efficient operations are a competitive advantage. Corporate Sustainability Strategies works with clients to strategically leverage the value of sustainability. Source: www.corporatesustainabilitystrategies.com Embedding sustainability • Corporate sustainability demands a broad view of issues and impacts, as well as a working understanding of what the company does and how it does it. Embedding sustainability means joining the two together through a series of concrete steps. Source: www.corporatesustainabilitystrategies.com Understand sustainability and recognize what it means to the company • As a first step, it is important to define what sustainability means for every area in the company and to identify its benefits. From investment decisions, developing new products or services to changing procurement practices, sustainability has an increasingly central role in these decisions. Source: http://www.pgsadvisors.com Engage with stakeholders • Depending on its line of business, a company’s impact can vary among stakeholders. Generally, companies engage with the most influential groups, keeping close ties and a constant dialogue. Source: http://www.pgsadvisors.com Set goals and commitments • Once key environmental, social and governance issues have been identified and engagement methods for each stakeholder group have been defined, efforts must focus on reducing risks and seizing opportunities around these issues centered on sustainable practices. Source: http://www.pgsadvisors.com Establish systems and processes • Once the goals are established, specific systems and detailed processes need to guide the implementation of each initiative. • Throughout the design, processes and policies in place must be taken into consideration and collaboration among areas encouraged. Source: http://www.pgsadvisors.com Track progress, communicate actions and meet expectations • It is important to set a system that measures the performance towards each goal. Defining key performance indicators to meet the identified goals will allow to detect areas for improvement and will gather relevant data to track progress. Source: http://www.pgsadvisors.com Unilever’s Sustainable Living Plan • Unilever’s Sustainable Living Plan was launched in 2010. Under the leadership of its CEO Paul Polman, this ten-year sustainability plan has already accomplished considerable progress in its first two years. Source: http://www.pgsadvisors.com Wal-Mart goals on sustainability • For Wal-Mart, most of its commitments and goals on sustainability are focused on the use of renewable energy and the adoption of energy efficiency. • Initiatives in these areas have resulted in the recognition of Wal-Mart as the largest on-site green electricity generator in the U.S. Source: http://www.pgsadvisors.com Conclusion • Corporate sustainability needs to adapt to the maturity of the business and the company’s willingness to treat sustainability as a strategic opportunity. • These steps are only the beginning of a process that can eventually transform a company’s entire business strategy into a sustainable business strategy. Source: http://www.pgsadvisors.com