BWD Strategic reposted this
What are some of the sustainability questions that you find hard to explain to your colleagues? How can we help? One of the (admimttedly few) things I miss about academia is being an educator. It was a pleasure to collaborate with the BWD Strategic team to develop an explainer of the environmental and social connections to business performance. Please share with your corporate colleagues and let us know of what other content you'd like to see produced?
🌍 How Do Environmental and Social Factors Affect Financial Performance? 💰 Business success is “inextricably linked” to environment and society – quote from the International Sustainability Standards Board (ISSB) itself! In the video below, we explore this question using two key examples: 💧 Water – a critical resource for many operations. Company A extracts groundwater to support its operations. If the company doesn’t use this resource wisely, it might deplete the source, increasing costs to operate and decreasing the productivity of its operations. 👩💼 Skilled Workers – essential for innovation and growth. Company B invests in employee training. The company operates in a highly competitive market and depends on its highly specialized workforce. Investing in employee training can help develop the company’s workforce, reducing recruiting costs and increasing employee retention. These examples highlight how dependencies on environmental and social factors directly impact financial performance—and this applies to every business. Sustainability isn’t just about compliance. It’s about embedding these considerations into your long-term value-creation strategy to unlock competitive advantage. Now is the time to move beyond regulatory checkboxes and turn sustainability into a strategic initiative. 📬 Share this video with others to help raise awareness of the linkages between the environment, society, and business. 🔗 Want more info? Check out the ISSB guidance linked in the comments. #Materiality #Sustainability #FinancialPerformance