Sustainability

Showing 1-20 of 260

Digital Transformation On Purpose

As digital technology advances, the opportunity to use it to create a more sustainable, equitable world should not be overlooked. The first step: Define key terms and set up a framework for understanding how the digital revolution can also become a revolution for sustainable development.

Business Needs a Safety Net

As the effects of climate change become more prominent, business needs to grapple with its own attitudes toward government. A more destructive physical environment requires a more nuanced relationship in which government is viewed as a partner in enabling and supporting markets rather than as a regulator that needs to be managed.

Focusing on What 90% of Businesses Do Now Is a Big Mistake

It’s not smart to base any part of your strategy on what you see in the rear-view mirror — and that’s particularly true when you develop strategies for navigating modern, thorny environmental and social challenges. The norms and expectations about how companies manage sustainability issues are shifting fast: Just six years ago, only 20% of the S&P 500 companies produced sustainability reports, while by 2016, 82% did. Change is coming to business — and executives need to adjust.

Why Companies Should Report Financial Risks From Climate Change

Meeting the recommendations for disclosure put forth by the Task Force on Climate-related Financial Disclosures might seem like a tough job. But if the oil & gas industry is any example, it’s not as difficult as some might imagine — and there are excellent reasons for corporate boards to consider it.

advertisement

Digital Audits as a Tactical and Strategic Management Resource

  • Blog
  • Read Time: 6 min 

New factory audit processes help companies that outsource production to evaluate supplier performance in more depth, leading to more effective decision-making. Three key issues that hamper modern auditing — standardization, cost inflation, and fraud — are being mitigated by new systems that automate the inspection process while tailoring it to specific inputs. The result: analytical capabilities that go beyond the classic audit model.

Six Reasons Why Companies Should Start Sharing Their Long-Term Thinking With Investors

Most CEOs have detailed long-term plans, which are often closely held secrets out of concern that competitive advantage may be undermined by detailed disclosure. Yet disclosing a long-term plan provides an opportunity to identify financially material sustainability issues and demonstrate how the company manages business-critical issues — information that’s valuable to investors.

Sustainable Procurement Requires Perseverance

Your company’s commitment to sustainability depends on finding sustainable suppliers. What if there aren’t any? Such situations may arise more often than not — so keeping your commitment to a sustainable supply chain may mean taking a long view by making incremental improvements and encouraging suppliers to examine and change their own practices.

Why the Business Case for Sustainability Will Win Out

U.S. corporations still have considerable incentive to move forward on their own climate plans, despite the softening of federal government support. Organizations as diverse as Anheuser-Busch, Duke Energy, and Timberland have robust programs in motion around renewable electricity, reduction of greenhouse gas emissions, and tracking the climate impact of manufacturing. These plans were built on tangible business cases, not just goodwill.

advertisement

Corporate Sustainability at a Crossroads

In the final report of our eight-year study of how corporations address sustainability, MIT Sloan Management Review and The Boston Consulting Group examine the crossroads at which sustainability now finds itself. Despite sociopolitical upheaval that threatens to reverse key gains, our research has shown that companies can develop workable — and profitable — sustainability strategies to reduce their impact on the global environment by incorporating eight key lessons.

Defining “Material” Climate Risks

Companies know climate change is relevant to their businesses, but they don’t address it in corporate reports because corporate leaders don’t believe it’s material to their business. The effects of climate change are beyond their planning horizon, they think, or they just aren’t clear whether or how climate change might be a material business risk. The Financial Stability Board (FSB) is hoping to change that.

Building Lasting Collaborations With Government and NGOs

Integrating sustainability into company operations often means partnering with government agencies as well as nonprofits. For new businesses, two important points to keep in mind are that (1) it’s never too early to start, and (2) the collaborative approaches for each partnership may not be the same.

A Three-Point Approach to Measuring Supply Chain Sustainability

A sustainable supply chain must operate within the limitations imposed by nature and society — but most approaches don’t explicitly take those into consideration. A new framework for supply chain sustainability assessment lays out eight key considerations organized into three categories: sustainability context, collaboration, and communication.

advertisement

Does Your Supply Chain Risk Management Strategy Hold Water?

  • Blog
  • Read Time: 5 min 

Water’s deceptive abundance and low cost in many countries is not yet promoting responsible management within many companies. That needs to change, argues Alexis Bateman, director of the MIT Responsible Supply Chain Lab. “Increasingly stressed water resources represent a major threat to the integrity of global supply chains,” she writes. Mitigating or eliminating these risks will require action on multiple fronts.

Sustainability Lessons From the Front Lines

While most executives recognize the need to develop more sustainable business models, putting this goal into practice has been a challenge. Too many initiatives are stymied by a set of common obstacles. By recognizing how executing sustainability initiatives differs from typical change management, corporate leaders can promote more lasting gains in sustainable business development.

Showing 1-20 of 260