Best practices to foster business Sustainability

1.Stakeholder engagement: Businesses can learn from customers, employees and their surrounding community. Engagement is not only about pushing out messages, but understanding opposition, finding common ground and involving stakeholders in joint decision-making;

2. Material issues: Determining what is important to the business, short and especially long term; how best to manage, measure and improve on these issues;

3. Reporting and disclosure: Measurement and control are at the heart of instituting sustainable practices. Not only can businesses collect and collate the information, they can also be entirely transparent with stakeholders. The Global Reporting Initiative (GRI) is an example of well-recognized reporting standards;

4. Environmental management systems: These systems provide the structures and processes that help embed environmental efficiency into a business’s culture and mitigate risks. The most widely recognized standard world-wide is ISO14001;

5. Life cycle analysis: Those businesses wanting to take a large leap forward should systematically analyze the environmental and social impact of the products they use and produce through life cycle analysis, which measure more accurately impacts:

Want to know more?