sustainability in business: 3 common risks and how to tackle them – part 2

Sustainability in business:

3 common risks and how to tackle them – PART 2

Becoming a more sustainable business is tough but....

...sustainability has stopped being a ‘nice-to-have’ and has become a ‘must-have’ for public sector supply chains.

Sustainability is increasingly becoming a crucial factor for the public sector during the procurement process.

With the introduction of the Public Services (Social Value) Act 2013 in the UK, public sector organisations now have a legal requirement to consider the social good offered by bidders during the procurement process as well as price and quality.

http://www.legislation.gov.uk/ukpga/2012/3/enacted

So what are the risks to ensuring your own business makes the

grade for sustainability?

Risk 2: Failing to understand why sustainability is important

Risk 2: Failing to understand why sustainability is important

How does sustainability relate to your business?

• creating more efficient procedures, • achieving better ROI, • developing innovative technology• making your company an extremely

attractive prospect for public sector contracts.

Risk 2: Failing to understand why sustainability is important

How do I tackle it?

Risk 2: Failing to understand why sustainability is important

• Learn more – get to know some environmental advocacy groups and find out more about the potential social and environmental impact of your company.

Risk 2: Failing to understand why sustainability is important

• Make sustainability key to the achievement your organization values. You recognise employees, vendors, and customers for service – why not for improving sustainability?

Risk 2: Failing to understand why sustainability is important

• Set a task force to tackle sustainability projects within your company and help implement best practice. Give people specific responsibilities and make sure they have a process in place to enable collaboration.

Risk 2: Failing to understand why sustainability is important

• Engage with your local trade association, political figures and industry leaders and become an active part of the sustainability discussion. Public sector officials can be directly involved with the development of regulatory action.

Sustainability in business: 3 common risks and how to tackle them

Thanks for viewing! Make sure to check out PART 3 in our series

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