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Sustainability and Strategy (2. Sustainability strategy (Stage of…
Sustainability and Strategy
Sustainability
: an organizational focus on activities that provide present benefit without compromising the needs of future generations.
Corporate social responsibility (CSR)
: commitment by top management to behave ethically and contribute to community development.
1. Organization and sustainability
Area of focus in sustainability
Forces driving sustainability
Regulations
Community relations
Economic value
Organizational ethics and values
Triple bottom line (TBL)
an approach that measures the economic, social, and environmental impact of an organization’s activities with the intent of creating value for both its shareholders and society.
Social
(everything about “
people
”)
Environmental
(everything about “
planet
”)
Economic
(everything about “
profit
”)
The sustainable “sweet spot”
2. Sustainability strategy
Benefits
Involve the commitment and participation of senior management
Integration and coordination of activities across an organization
Promote a more proactive perspective—attention to future problems and opportunities
Choose a strategic focus
General sustainability issues
Value chain issues
Issues that have strategic effects
Stage of organizational maturity in sustainability strategies
Focus on issue of compliance
Realise that sustainable activities can produce cost advantages
Life cycle costing
: the consideration of all costs that will be incurred over the entire time of product ownership.
Adopt a more integrated approach to sustainability, considering how the organization can influence social, economic, and environmental goals through changes to its culture, structure, and processes
Develop and implement a sustainability strategy
Corporate sustainability model
Inputs to the sustainability strategy
Scanning the macro environment
International standards
ISO Standards 14000 (Environmental Management Series
: a broad framework that an organization can use to establish an environmental policy and specific actions) and
ISO 26000
(assist organizations in contributing to sustainable development beyond legal compliance through a common understanding of social responsibility)
Life cycle assessment (LCA)
: understand the human and environmental impacts during the life of a product, process, or service, including energy, material, and environmental inputs and outputs.
United nations global compact
(ten principles of good corporate conduct)
SA8000
Analysing the internal environment
Culture
Strategy
The nature of value chain activities
The complexity of the organization’s supply chain
The organization’s approach to globalization
Resources and expertise
Sustainability expertise
Identifying and managing risks to sustainable performance
Applying the TBL to identifying risks
Real and perceived risks
Life cycle costing
The role of leadership
:
Know the full sustainability pic for the organization;
Set sustainability strategy and establish goals based on benchmark;
Communicate with stakeholders and create level of trust;
Implement sustainability policies;
Align organization’s culture and structure with sustainability goals;
Align organization’s resource to goals;
Support accountability.
Toward a circular economy
Waste hierarchy
Designing more sustainable products, processes, and packaging
Reverse logistics
:
Step 1: the product is retrieved
Step 2: the product is transported to the receiving centre
Step 3: the product is logged in, inspected and sorted
Step 4: the product is handled according to an established protocol.
Measuring and reporting sustainability performance
Global reporting initiative (GRI)
a network-based organization that pioneered the world’s most widely used sustainability reporting framework.
GRI Reporting Framework
: sets out the principles and performance indicators organizations can used to measure and report their human rights, labour, environment, and anticorruption practices and outcomes.
Sustainability audits
Internal sustainability audits
External sustainability audits
