SustainAbility, an international strategic consulting firm chaired by John Elkington, the father of triple baseline, recently published a survey report showing that although most companies claim to have integrated sustainable development into their business operating models, they actually implement it But there are only a few companies that are in place.
Integrating sustainable development strategies with operating models is an issue that companies must face now. When companies make every decision, they should also consider environmental and social-related issues, especially decisions related to resource shortages and climate change, because companies' early response to these issues will help future risk control and Increase enterprise competitiveness.
In order to promote companies to integrate sustainable development strategies into business operation models, the report published by SustainAbility provides companies with 5 steps to help companies implement sustainable development policies more accurately:
1. Practical business model thinking – how to establish corporate operating models to generate corporate value consensus;
2. Identification and application of material issues – formulate implementation strategies for the material issues that companies must face and connect them with core activities of the company;
3. View products and services from a sustainability perspective – base decisions on the life cycle concept of products and services;
4. Combine with corporate culture – explore how to use corporate culture to promote sustainable development results;
5. Application of information transparency – through integrated corporate social responsibility report information disclosure, declare the company’s determination to operate sustainably.
SustainAbility has also launched The Transparency Advancement Tool, an online tool to enhance the information transparency of corporate social responsibility reports, to help companies reduce the manpower and time spent on report writing every year as much as possible, and produce a simple, easy-to-read, to-the-point report. Corporate sustainability performance report.
Source:Environmental Leader (2015-12-17) (PIDC compilation)
