Sustainability is good for business
Sustainability is not just about the environment. It’s a systematic approach to thinking about the impact a business has on the planet and society, as well as its bottom line.
There is increasing pressure from investors, consumers and employees to know that an organisation is contributing positively to society. Being ethical and sustainable is vital to remain competitive and relevant in today’s market.
Sustainable practices such as managing your waste, energy and water usage will help you reduce operating costs. And, getting your team involved can boost staff retention and morale.
Your transition to sustainability is also likely to have the added value of workplace innovation. As you consider the ‘way things have always been done’, you can assess how you can do them more effectively and efficiently.
Barriers for business
96% of companies are feeling the pressure to become more sustainable with many recognising that sustainability is the key to growth. However, many businesses feel too overwhelmed to get started.
The common challenges we often hear is that it’s too costly, time-consuming and convincing decision-makers is too hard.
Sustainability is not simply about reducing your impact on the planet. The importance of sustainability is to ensure there is a business in the future!
Are you confused about the triple bottom line and it’s relationship to sustainability? Fortunately, we’ve figured it out.
Trying to decide between a Sustainability plan or a CSR initiative? They both cover similar areas of the three pillars, are they the same?