corporate framework for assessing sustainability
DESCRIPTION
This is a framework that looks at how companies can approach Sustainability.TRANSCRIPT
Efficient Carbon Management Solutions LLP LLP Registration No: AAA – 2396 Phone: 040-40128206 [email protected] www.efficientcarbon.com
CORPORATE FRAMEWORK FOR
ADDRESSING SUSTAINABILITY
Addressing Sustainability for companies has moved from debates over whether it is necessary or not to
mostly on how we should be approaching it. We at Efficient Carbon believe that sustainable thinking
leads to considerable savings in short term and stronger, more profitable companies over the long term.
Consumers and Financial markets handsomely reward companies that look at sustainability as a
competitive advantage. Companies like GE, Nike, Unilever and ITC have, over the years led the way on
sustainable thinking and have been reaping the benefits of their investments in this field.
Sustainability Defined:
Sustainability is a new way of looking at the way we do business from top to bottom. It is defined as a
commitment to better long-term business performance through improved social, economic and
environmental practices. A sustainable enterprise looks beyond revenues and while working for all
round social and economic development through ethical business practices, creating consumer loyalty
and brand image which hold good in the long term in sustainable enterprise. It may include helping
build better ecology, society, and better use of scares resources.
Sustainability is to be looked at from three different perspectives, Social, Economic and Environmental,
each benefiting the respective stakeholders in the selected domains.
Framework for developing Sustainability Strategy
Making sustainability work for your organisation calls for a robust, easy to manage and reliable
methodology to develop, implement and evaluate a Corporate Sustainability Strategy Plan.
A simplified process of developing a corporate is through a five step method:
Efficient Carbon Management Solutions LLP LLP Registration No: AAA – 2396 Phone: 040-40128206 [email protected] www.efficientcarbon.com
Searching for specific demands either from company and its industry, will be the early plan’s
development work at the starting of the process, aiming refining the framework and facilitating
work approach.
So overall, to implement a sustainability strategy in your organisation, you need to follow the 5 step
process as defined above and support it with actions below:
1. Create and internalise the culture of Corporate Sustainability in your entire organisation.
2. Link Sustainability to standard benchmarking frameworks given by institutes such as Global
Reporting Initiative (GRI), Reputation Institute, etc.,
3. Assess achievement of sustainability goals on parameters such as Environmental and Social
Stewardship, Business Continuity, Value creation for stakeholders, Global-Local Reputation,
etc.,
4. Evaluate ROSS – Return on Sustainability Strategy.
5. Set a firm operational plan linking to overall goals with detailed implementation and
monitoring parameters, stakeholder engagement process and communication to the outer
world.
Efficient Carbon Management Solutions LLP LLP Registration No: AAA – 2396 Phone: 040-40128206 [email protected] www.efficientcarbon.com
How can we help you?
We will be able to handhold you in the entire process of defining and execution of sustainability
strategy. We will provide the following services to you in formulating and executing a Sustainability
Strategy:
1. Helping the management understand Sustainability, its importance, the reporting
procedures and how to strategically benefit from it.
2. Helping in setting goals, objectives and scope of the sustainability strategy for the
organisation.
a. Understanding and Situating the Business Competitiveness Scope;
b. Identifying the Sustainability Business Drivers;
c. Sustainability as a Key-Driver for Innovation;
d. Mapping and Advantaging on Sustainability Business Drivers;
e. Creating the Corporate Sustainability Vision;
f. The role of the Chief Sustainability Officer;
g. Developing Leadership Competence for Triple Bottom Line Value Creation.
3. Assessing current & prospective sustainability issues and building detailed plan of action
a. Corporate Sustainability Mainstream Framework;
b. Corporate Sustainability Risk Management Platform;
c. Corporate Sustainability Accounting & Balance Sheet: Sustainability Fund Flow; Social & environmental cost externalization/internalization decision;
d. Corporate Sustainability Performance Management: Sustainability Metrics & Business Intelligence System; Performance Rewarding.
e. Evaluating ROSS – Return on Sustainability Strategy
4. Developing action plans and monitoring mechanisms
5. Preparing communication and reporting frameworks a. Developing Competence for Sustainability Communication and Reporting; b. Modelling Brand-CSR Integration; c. Improving the Sustainability Reputation Perception d. Preparing actual Sustainability Reports
Contact Us:
Harsha Yadav EfficientCarbon Management Solutions LLP Plot No 22, 28/2 Layout, Ravi Co-operative Housing Society, Trimulgherry, Secunderabad-15 Phone: 040-40128206, Mobile: +91- 9000345588 Email: [email protected],
www.efficientcarbon.com