WHAT IS A SUSTAINABILITY ASSESSMENT AND WHY INVEST IN SUSTAINABILITY?
The long-term value and success of a business starts with a sustainability assessment and clear sustainability strategy. The story of a business is embedded within its economic, social and environmental aspects of your business. Each aspect is distinct but not isolated; each sustainability aspect is managed for the long term.
The triple bottom line of profit, people and planet align when a sustainability strategy is carefully planned, executed and communicated. A successful sustainability strategy engages your stakeholders to create opportunity from risk, with the goal of driving innovation that leads to mission driven profit.
The sustainability assessment starts a conversation at many levels of a business with the aim of creating a common organizational culture of sustainable operations reflected in an initial sustainability action plan.
Business Case for Sustainability
The business case for sustainability involves managing current financial, social and environmental concerns to insure ongoing operations that are profitable, ethical and responsible. By addressing and embracing a mindset of sustainable business operations numerous opportunities come into view:
- Protect and build company brand, reputation and value
- Improved efficiency, reduced costs driving bottom line growth
- Alignment of the business strategy with changing market dynamics
- Succession planning for continued seamless operations
- Innovation of in-house system processes
The purpose of a sustainability assessment is to provide decision makers with an evaluation of short and long-term operations related to the economic, social and environmental aspects of the business. With a sustainability strategy long-term intellectual interests align with consistent resource efficiency, proactive health and safety practices, and responsible leadership.