“Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs” (Gro Harlem Brundtland)
The word sustainability is seemingly on everyone’s lips. What does it mean and what can you and I do about it?
The above quote encapsulates what it means. It is a holistic concept and is a mix of many actions and ideas.
If you want your business to be sustainable, then you are thinking long term and planning that your business will still be operating for future generations. This means no short cuts but well thought out plans with a clear vision. In addition to this, you will need to set strong values for your company to stick to, such as always being transparent, fair and ethical. The company needs to have leaders who will live by the vision and values.
These values will be used in dealing with all stakeholders – shareholders, employees, suppliers and customers.
Whilst technology may have a sizeable impact on processes, a strong strategic framework accompanied by the vision and values will put in place strong foundations to allow future generations to continue to remain competitive and successful.
With climate change becoming increasingly real, part of this vision needs to include that your company will minimise its carbon footprint.
No doubt your business is based on strong platforms, so continue to tweak it to make it more sustainable, competitive and resilient.
Disclaimer: The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your professional adviser for specific and detailed advice.