In today’s business environment organisations realise the importance of finding the right balance between financial, social, and environmental priorities.
A sustainability strategy is most effective when aligned and integrated with existing strategic initiatives, and coordinated with an intelligent approach to the related risks and rewards.
The Sustainability Mandate
"Business and society are facing an array of urgent and critical social, environmental, ethical, and economic challenges, which in turn creates a platform of opportunity.
In fact, six of the ten global risks of highest concern (in terms of impact) identified in 2017 by the World Economic Forum are environmental and societal issues. Because of this, broad societal responses are playing out in the realms of policy, technology and the marketplace, including a significant growth in the number of corporate social responsibility (CSR) indices being launched by financial institutions."
Sustainability is a rapidly evolving area for businesses to understand and manage, and an area where all businesses are affected differently. Regardless of size and business goals, to succeed in this constantly changing environment, you need to understand your particular challenges and form a response that will work for your business and the market in which you operate.
Whether you are navigating changing customer behaviour, your public reputation, increasing interest from stakeholders, or impacts of regulation (including the emissions trading scheme (ETS)), you need to take a holistic view of sustainability and related issues.
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