Why bother with sustainability?
Sustainable corporate success now requires organisations and the individuals within them to know their current economic, social and environmental impacts – and act to continuously improve them
Businesses are increasingly under pressure to address social and environmental issues, not covered by the traditional business remit. Economic performance is still the ultimate bottom line for most, however the importance and influence of social and environmental performance continues to grow.
Proactive businesses are now in the process of learning how to balance these three, sometimes conflicting, priorities often referred to as the triple bottom line. REN Solutions can help you implement strategies, identify indicators, measure, report and improve your sustainability performance from Carbon footprints to GRI indicators.
Benefits of sustainable business approach
- Reduce costs – resources and energy use efficiency and effectiveness
- Add value – improve reputation and image, increasing customer satisfaction and loyalty
- Improve business planning – anticipate legislation, improve risk management, clarify vision for the future
- Meet expectations – address social and environmental concerns of your customers, employees, suppliers and investors
- Increase innovation & learning – develop continuous learning culture and build workforce confidence
Five logics for sustainability
- Scientific – e.g. evidence of human induced climate change (some still claim the jury is out on this one, REN Solutions thinks its a fact)
- Legislation – e.g. Clean Air Act, and who would bet against a feast of legislation on the next five years?
- Political – who ever is in Government can only be seen to encourage and support sustainable businesses, and penalise the less enlightened
- Moral – for those with values, principles and a care for future generations
- Market – shareholders and stakeholders increasingly value sustainable approaches
Sustainability definitions
Sustainable Business
“A Sustainable Business is a successful and profitable business. It is one that continuously improves its productivity by taking action on the economic, social and environmental impacts of its business.” SEEDA Sustainable Business; A Strategy for the South East 2006-2009
“Create value and meet stakeholder needs, without creating adverse social, economic and environmental impacts” REN Solutions 2007
Sustainable Development
"Meeting the needs of the present without compromising the ability of future generations to meet their own needs" Brundtland Commission 1987
“For the business enterprise, sustainable development means adopting business strategies and activities that meet the needs of the enterprise and its stakeholders today while protecting, sustaining and enhancing the human and natural resources that will be needed in the future.” International Institute for Sustainable Development 1992
“An enduring, balanced approach to economic activity, environmental responsibility and social progress" BS 8900:2006
REN Solutions sustainability services
Professional advice and consultancy services to help you improve your business sustainability, including:
- Measurement and reporting
- Auditing & inspection
- Coaching & Mentoring
- Research & development
- Impact assessment
- Stakeholder mapping, engagement and dialogue
- Workshops
- Bid support for sustainability issues
- Interim management
