There are the trends with an interdisciplinary convergence of diverse sciences and humanities essential to the evolution toward a circular economy and our shared beautiful planet.
Running a business is energy-consuming; waste of resources is costly. In most organizations, sustainability isn’t integrated into existing key processes & performance management systems. To deal with hyper-connected and interdependent business new normal, the framework approach makes sense if large scale issues such as sustainability are cross-disciplinary, information heavy, laser focusing on the strategic goals, practices orchestration leadership, facilitates cross-functional communication, develop a comprehensive roadmap, optimize processes, take a structural effort to achieve measurable results.Principles: The leadership sets sustainability as a considerably high priority, sustainability management has a very wide scope and is a relatively new area of expertise. It needs to focus on coordination and facilitation, follow the right set of well-defined principles to enhance reusability and reduction of waste, create new revenue streams to impact both bottom-line and top-line business growth.
All parties should benefit from following them. So sustainability is not the job of one department, but the shared responsibility of each individual and function, to make the working environment more energy-efficient and societies more resourceful.
Leadership: Many organizations which get stuck at the low level of maturity lacks the right capabilities or skills to manage sustainability, etc. The major role of leadership is in the orchestration and delivery of the effective process to improve corporate sustainability.
Corporate leaders need to become advocates and educators for corporate-wide environmental sustainability initiatives and transcribe a path that converts outside concerns into inside engagement, reduces energy use & waste & emissions in operations, manages corporate reputation for sustainability, responds to regulatory constraints or opportunities proactively.
Strategy: There is always an element of social benefits goal in any industry; it is however, for the organization and its promoters to draw the balance between social and commercial objectives, business management should make strategic decisions with an integrated view that blends financial, environmental, and social perspectives, in the development of a holistic sustainability strategy.
It needs to be kept in mind that in a hugely capitalistic environment today, the basic human needs have gone to a much higher level. And only once these are satisfied, do organizations look at social goals, integrate sustainability strategy into corporate strategy cohesively, communicate what needs to be done down the line to the various functional domains responsible for unlocking sustainability potential of the business.
Roadmap: There are multifaceted approaches to improve sustainability, and there are diverse groups of people that are impacted by sustainability management effectiveness and efficiency. Business management should become more insightful to manage the risks and opportunities in the future. The methodology and roadmap for sustainability management are designed to evaluate a company’s sustainability opportunities and risks throughout its extended value chain.
The roadmap is the outcome to mind gaps between TO-BE and AS-IS. You can define any type of roadmap within the context. The transition plan, or roadmap, is the set of sustainability investments, programs, projects and milestones that take you from the current state to the future state.
Process: Running a business is energy-consuming; waste of resources is costly. Sustainability needs to be integrated into existing key processes & performance management systems. In many organizations that are getting stuck at the lower level of maturity, sustainability isn’t integrated into existing key processes & performance management systems. Because a key piece of information—information around environmental and social concerns, has been missing from most business operations.
Sustainability is not a random effort, but a structural effort; it should be embedded into key business processes and deliver the next generation of the integral solution to fill out the gap, optimize energy usage and improve the overall business maturity.
Practices: Business carbon footprint impacts organizational efficiency. In fact, efficiency has been a key internal driver for sustainable practices and is the low hanging fruit when moving beyond compliance and obligation.
Whatever the activity to improve sustainability; the best way is the one that uses the least resources and takes the least time and still meets quality standards. That method is the best practice. Every organization should strive to explore the "best practices" throughout their organization to improve energy efficiency and scale up sustainability effect.
Any real economic system is composed of and affected by diverse components such as peer pressure, social structures, globalization, and a host of other factors not normally included in economic thinking. Sustainable Balanced Scorecards and sustainability cycle assessments are examples to help the management track strategy implementation, show the visible performance result in the shorter term.
There are the trends with an interdisciplinary convergence of diverse sciences and humanities essential to the evolution toward a circular economy and our shared beautiful planet. Sustainability framework as a coherent set of principles, agreements, checklists, standards, processes, tools and building blocks, best practices provides the outline for forward-thinking companies intended to be fully developed or explored to ensure the long-term economic success of the enterprise and reach the next level of business effectiveness, efficiency, and maturity.
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