How do you make sustainability click for organisations? Consider the funnel metaphor 💡 Think of it like this: 👉 Top: Challenges like climate change, resource scarcity, and social inequality can narrow the funnel, negatively impacting operations and profits. 👉 Middle: Innovation is the strategic response, finding creative solutions to widen the funnel. This involves developing new products, services, or business models. 👉 Bottom: Implementation is the key to turning innovation into results. This crucial stage requires a comprehensive plan, resource allocation, and a commitment to continuous improvement. 🎯 The goal? Sustainability, where challenges are under control by effective strategies and implementation process! Recent studies show that organisations often invest more in their annual reports than in innovation, do you think this discrepancy affects their ability to reach sustainability? #sustainability #funnelmetaphor #corporate
Eirini Metaxotou’s Post
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Building a Sustainable Business: A Blueprint for Long-Term Success In this ever-changing environment, the endurance of a business is no longer a choice; it's vital. Organizations progressively recognize that enduring practices are crucial for sustained success and resilience. As decision-makers and experts, we have the duty and possibility to include sustainability in our fundamental strategies and activities. Why sustainable business practices are critical and how they can revolutionize our establishments. What is Sustainable Business? A sustainable enterprise goes beyond the customary emphasis on earnings. It aims to harmonize economic performance with beneficial societal and environmental effects, contributing to the welfare of society. The Foundations & Pillars of Sustainable Business Economic Feasibility: A sustainable enterprise must be economically feasible, to support sustainable endeavors. This equilibrium is fundamental for enduring expansion and competitiveness. Social Obligation: Businesses are progressively evaluated by their contributions to societal well-being. This promotes fair labor methodologies, community involvement, and campaigns for social fairness. Environmental Supervision: Lessening environmental footprints is crucial. This reduces waste, preserves resources, and embraces more environmentally friendly technologies. Primary Stimulants of Sustainable Business Guidance & Vision: Effective leadership is vital for integrating sustainability into business tactics. Leaders must articulate a precise vision for sustainability and motivate their teams to accomplish it. Creativity & Innovation: Sustainable businesses are frequently at the forefront of originality. Whether it involves creating new products or enhancing procedures, innovation propels sustainability and profitability. Stakeholder Involvement: Engaging with stakeholders is crucial. Open communication and cooperation aid in building trust and aligning objectives. The Business Rationale for Sustainability Studies and practical illustrations demonstrate that sustainable businesses often surpass their competitors and increase long-term profitability. Also, investors are progressively favoring companies with strong sustainability qualifications, viewing them as less risky and better prepared for the future. The Path Forward To genuinely incorporate sustainability into business, companies must move beyond superficial modifications. This entails embedding sustainable practices into every facet of the business, establishing a culture of sustainability as part of the organizational DNA. Conclusion Embracing sustainable business practices is a strategic necessity to confront challenges such as climate change and societal inequality to steer positive transformation. A comprehensive approach to sustainability can ensure their long-term success while creating a significant influence. #SustainableBusiness #Leadership #CorporateResponsibility #Innovation #FutureOfWork #PATTA
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“What is the Business Case for Sustainability?” vs “What is the Case for Sustainability in Business?” is about the framing of each question. I remember my days back at the Presidio Graduate School being asked by a Prof, “What is the Business Case for Sustainability?” – and thinking, “Really?, we have to JUSTIFY this?”. Might “What is the Case for Sustainability in Business?” be a better framing of the age-old question? From an holistic, systems thinking perspective, these two questions reflect different orientations towards sustainability and its role in business, both in scope and focus. "What is the Business Case for Sustainability?" This question frames sustainability in the context of EXISTING business goals and systems, seeking to justify sustainability practices based on their potential to improve business performance. The focus is often on how sustainability initiatives can enhance profitability, reduce costs, manage risks or open up new opportunities (e.g., improving efficiency, brand reputation, regulatory compliance etc.). The assumption here is that sustainability MUST demonstrate its value (to the Business) by aligning with conventional business metrics like financial returns and growth. - Perspective: Business-centered - Primary Focus: Business benefits (e.g., ROI, risk reduction, competitive advantage, etc.) - Core Question: How does sustainability serve the interests of the business? "What is the Case for Sustainability in Business?" This question shifts the lens, asking why sustainability MUST be integrated into the core of business operations, regardless of immediate financial returns. The focus is broader, considering the role of business in supporting sustainability on a global scale - acknowledging interconnected systems such as ecosystems, social welfare and long-term economic stability. It asks businesses to embrace sustainability as a necessary condition for enduring success, addressing environmental and social challenges for the sake of systemic health, which ultimately affects the viability of all businesses. - Perspective: Sustainability-centered - Primary Focus: The long-term necessity of sustainability within business systems (e.g., ecological impact, ethical responsibility, future viability, etc.) - Core Question: Why must businesses embrace sustainability for systemic well-being? The first is reactive, justifying sustainability within business, whilst the second is proactive, embedding sustainability as a core necessity for business survival as well as societal and planetary well-being. Thoughts? #RegenerativeBusiness #RegenerativeEconomies #Regeneration #Sustainability
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Progressive, Collaborative, and Inclusive. I think businesses pursuing these goals will survive in the long run, even with the changing market dynamics. And the crux of this objective lies in sustainability. ------------ However, sustainability in business is always an overlapping matrix of making money and doing good. But, the trajectory of any successful venture lies with a small change. As business associates, we can make this change. Let’s take the oath of a sustainable future. #SustainabiltyInBusiness #BusinessGrowth
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This weeks UpSw!ng is all about going beyond traditional decision making. Achieving positive impact requires a fundamental shift in decision-making paradigms. While traditional considerations of time and cost remain important, they must be supplemented with a broader focus on sustainability and social equity. Check out more below 👇 #esg #aiforgood #sustainability #impact
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#Sustainability is long-term value and #resilience for an organisation. This is BWD Strategic 's approach to sustainability. It is how we ensure sustainability can be integrated with your organisational #strategy. Here, our CEO Luke Heilbuth sets out how we do it. Well worth a read.
At BWD Strategic, we believe the goal of sustainability is to build long-term value and resilience for an organisation. These two ideas – value and resilience – are mutually reinforcing. Valuable businesses are more resilient, because of the financial buffer at their disposal in navigating challenging times. Resilient businesses are more valuable, because they're capable of evolving in the face of the inevitable shocks and tipping points which eliminate less hardy competitors. There are multiple benefits for a business that frames sustainability in this way: · A business’s sustainability strategy is indistinguishable from its enterprise strategy because the common objective is to build long-term value and resilience. · Sustainability must necessarily become part of everyone’s job because every employee must contribute to long-term business value. · Sustainability can’t be easily politicised, because all rational people agree that value creation and resilience are goals worth pursuing. · Sustainability does not pretend win-win outcomes are always possible. Financial costs are real and ethical trade-offs common. · Focusing on 'value' in the general sense respects that a business may choose to create non-financial value as an end in itself, like supporting sustainable development outcomes through the SDGs. · Focusing on 'long-term' value protects the organisation from implementing fads and moral panics which do not enjoy widespread societal support. · Focusing on resilience accepts the reality that the future is unknown, and that to succeed over time, businesses must prepare for constant change. · Sustainability (unlike ESG) incorporates systems thinking; the wisdom to understand and accept that a business’s success is ultimately contingent on the flourishing of the society and the planet that surrounds it. In conclusion, any shift from ESG to a broader and more integrated concept of sustainability is not a retreat but an advancement in our understanding of what makes a company succeed or fail over time. As sustainability champions, we embrace the notion that sustainability is an investment in quality; the ultimate decision-making hack for leaders seeking to ensure their business prospers through the vicissitudes of time. #sustainability #systemsthinking #resilience
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I had the pleasure of attending a round table discussion this morning about sustainability innovation and its impact on business resilience and profitability. It was inspiring to see the growing realization that innovation can be a solution to many of the challenges organizations face today, including growth and consumption. Yet, still very early days. Interestingly, despite the R&D rebate offered by most governments, many companies are still hesitant to fully embrace innovation. The perception that innovation requires a systems change or a complete transformation is far from the truth. In fact, small hacks can be transformative for the organization, its products, suppliers, and ultimately, the bottom line for growth. Sustainability innovation should be the North Star for organizations. The health of our society, planet, and you bottom line depend on it. I would love to hear your thoughts on why companies are not fully leaning into innovation. Let's start a conversation about how we can drive change and growth through sustainable innovation. or 'sustainnovation' #sustainability #innovation #resilience #profitability #growth #society #planet #bottomline
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Sustainable Business Practices' Effect on Success Nowadays, sustainability is a commercial requirement rather than just a trendy term. The days of businesses ignoring their impact on society and the environment are long gone. Investors, employees, and customers all want businesses to operate with a conscience these days. This change offers previously unheard-of opportunities as well as challenges. The reasons sustainability is revolutionary: 1. Improved brand reputation: Customers are becoming more devoted to environmentally conscientious firms. 2. Top talent attraction and retention: A strong commitment to sustainability draws and keeps top talent. 3. Cost reduction: Significant cost savings are frequently the result of effective resource management. 4. Risk reduction: You may safeguard your business's bottom line by addressing social and environmental concerns. 5. Innovation catalyst: Problems with sustainability inspire original ideas and new product creation. You're not only being ethical when you incorporate sustainability into your main business plan; you're also setting up your organization for long-term success. Are you prepared to base your company's operations around sustainability? Let's talk about where to begin. #ecofriendly #greenbusiness #corporateimpact #sustainable #business #CSR #ESG
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One of my services includes building and writing your company's annual Impact Report. This report showcases your organization’s social and environmental impact, as well as the progress made toward business growth. This can be shared within and outside of your company. - Examines your economic impact - Addresses your sustainability efforts - Covers your social responsibility well-being - Discusses your responsible supply chain decisions - Describes stakeholder engagement including customers and communities - Demonstrates trust and reputation building - Attracts appropriate investors and business collaborators - Drives innovation, change, and process efficiency
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Think big, but take action now! Great insights from Cedric Pepelea, Executive Director of CP Consulting, who was recently a guest on our Innovation in Motion Series discussing the topic - Incorporating Social Impact into Business Operations. Creating change is not always easy in organizations, especially with respect to leveraging #sustainability and #impact into common practices. Cedric believes that, "communication is the key." He added that, "If one is told to 'use less energy', one might feel their quality of life threatened, leading to resistance. However, if I can help you 'waste less energy', it’s the same outcome but better received. This approach is critical, especially in non-sustainable industries." By focusing on wasting less rather than using less, sustainability becomes both profitable and effective. Balancing short-term actions with a strategic plan helps overcome challenges and builds capacity for significant progress. #Sustainability #LongTermVision #EnergyEfficiency #GreenInnovation #StrategicPlanning #WasteReduction
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𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐬 𝐚 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲: 𝐀 𝐏𝐚𝐭𝐡 𝐭𝐨 𝐒𝐮𝐜𝐜𝐞𝐬𝐬 Reducing environmental impact has transitioned from a mere ethical choice to a crucial business imperative. 🌍 As climate change accelerates, companies face mounting pressure from consumers, investors, and regulations to adopt sustainable practices. Businesses that prioritize environmental responsibility not only enhance their brand reputation but also open doors to new markets. 🌱 Sustainable practices, such as reducing waste, utilizing renewable energy, and optimizing supply chains, can lead to significant cost savings. 📉 Moreover, companies that innovate in sustainability attract environmentally conscious consumers who are willing to pay a premium for eco-friendly products. 🛒 Investors are increasingly favoring companies with strong environmental, social, and governance (ESG) metrics, recognizing that sustainability is linked to long-term profitability. 📈 By embracing eco-friendly initiatives, businesses can mitigate risks, comply with regulations, and future-proof their operations. In summary, integrating sustainability into business strategy is no longer optional; it’s essential for success in today’s market. 🌿 The commitment to reducing environmental impact not only benefits the planet but also drives growth, innovation, and resilience for businesses in the long run. 🌟 #esg #Sustainability #CSR #GreenBusiness #ClimateAction #SustainableLiving #EcoFriendly #EthicalBusiness #SocialImpact #ResponsibleInvesting #CleanEnergy #CircularEconomy #SustainableDevelopment #CarbonFootprint #SustainableBusiness #ClimateChange #RenewableEnergy #FairTrade #ImpactInvesting #ZeroWaste #BusinessDevelopment #Entrepreneurship #Startup #SmallBusiness #SalesStrategy #MarketingStrategy #Networking #B2B #GrowthStrategy #MarketExpansion #CustomerAcquisition #LeadGeneration #DigitalMarketing #BusinessGrowth #StrategicPartnerships #SalesFunnel #ScalingUp #BusinessPlanning #Innovation #MarketResearch #businessanalyst #privateequity #venturecapital
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🌍 Crafting Impactful Marketing for Climate-Focused Companies / PhD Candidate
2moLeadership should be taught about that 👏👏