Nature is now a business and operational imperative!
Research has proven that businesses embedding Sustainability are outperforming in areas of revenue growth, profitability, talent attraction and retention, grasping opportunities and are overcoming key challenges.
They are also delivering positive environmental and social outcomes, with impact.
This requires a mindset change, transformational intent, and adaptation.
Awareness and consideration of the resources and relationships used and relied upon by a company/ organizationand, the outcomes and impacts thereon through its activities, over the short, medium, and long-term, must be embedded in its strategy, operations, core functions and workflows.
The ‘Tone-from-the-Top’ is a critical success factor, embodying a shared vision for the entire organization.
ESG is now considered ‘new generation risk.’
The key challenges faced are:
- The lack of awareness and understanding of the issues, skills requirements, sustainability governance
- Effective sustainability reporting, integrated with financial reporting
- Education and upskilling of staff and attracting talent
- Right quality, relevance, sourcing, ‘usability’ and ‘auditability’ of data – a catalyst for transparency
- Formulating the right ESG strategy and roadmap
- Execution of the sustainability strategy
- Risks of Greenwashing, Green-wishing, Green-hushing etc.
- ‘The burning platform is the lack of inaction!’
The key benefits include:
- Future-proofing the organization
- Long-term value creation
- Build up the ‘sustainability premium’ in the value of the organization
- Multiplier effects – upstream and downstream
