Do You Know about Corporate Sustainability?
Posted by: Daniel Stouffer / Category: Green BusinessThere are big roadblocks ahead in terms of both potential legislative action and harm to an organization’s reputation if the principles of corporate sustainability are not understood and employed. Pollution in any form is not acceptable, nor is an excessive use of energy or other inefficiencies. Proactive action will be required and each business will be required to become a far better corporate citizen.
Senior management within the boardroom are responsible for the implementation of a corporate sustainability program. All members within the organization must adhere to these principles and not treat it as if it were a public relations gimmick. Across the board, every aspect of a business must be analyzed to ensure that it is contributing to the issue.
The issue of corporate sustainability landed fairly and squarely on the desks of every single federal agency boss recently, when Pres. Obama delivered a far-reaching executive order. This order is likely to mirror some of the consequences ahead for business organizations as more focus is placed in this area.
It is not advisable to issue a corporate sustainability report in a hurry or in any process or panic. The organization that does not take time to analyze and understand its position fully will open itself to claims of “greenwashing,” as the information that it releases may be subsequently found to be inadequate or incorrect.
Organizations are required to look at their carbon emissions from three different perspectives. These areas are also known as scopes. Energy production and associated use can be categorized as falling within scopes one and two from an emissions perspective. These are fundamental to the majority of organizations, while scope three refers to a variety of different emissions linked to supply chain, usage, waste and end of life actions.
Corporate sustainability is merely a goal without an adequate interpretation of an organization’s lifecycle analysis. This must be fully defined before any programs can be undertaken and an overall goal of energy reduction and efficient resource usage achieved.
One of the surprising realizations associated with the full implementation of a corporate sustainability program is that the organization did not have a full feeling for the cost of each asset in its possession. Thus the byproduct of this program can reveal the true costs of doing business and a better return on investment can be anticipated.
No longer is it sufficient for an organization to present its financial reports at the end of your alone. More so, the concept of “triple bottom line” reporting dictates that social and environmental considerations are also detailed and corporate sustainability data will be even more important.
Daniel Stouffer has a great deal of information about corporate sustainability and how a visit to www.verisae.com will be of use to you.
