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Companies can continue creating value in the face of disasters, both natural and man-made, when they develop community resilience strategies.
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Companies can continue creating value in the face of disasters, both natural and manmade, when they recognize and develop strategies to take advantage of their interdependencies with the societies in which they operate.
Investor relations managers and sustainability professionals can collaborate to communicate meaningfully with investors, converting them into a stakeholder group to help forward corporate sustainability.
Businesses looking for sustainable business models need a strategy, but there are plenty of useful tactics available. As part of our series on building abundant enterprises, we look at regenerative marketing and collaborative exchange — just two in a list of 15 possibilities.
A growing number of investors are paying attention to environmental, social and governance (ESG) performance, as evidence mounts that sustainability-related activities are material to the financial success of a company over time. In this webinar, three co-authors of the latest sustainability research report share findings and insights from their research into how professional investors are incorporating sustainability practices into their decision-making.
Few companies have come right out and said that they serve stakeholders beyond their shareholders. But in 2015, the board of Sweden’s Atlas Copco set the bar for sustainability by including a statement of materiality and significant audiences in its annual report. Atlas Copco’s Statement shows how a company’s board can protect managers in the face of pressure from short-term investors so they can make the long-term decisions necessary for a sustainable strategy.
Sustainability Insurgents are professional insiders who seek to align their organizations with a global vision of a peaceful, prosperous, and sustainable world. This article explores how two insurgents, working for dramatically different organizations, developed a peer-to-peer network to help spread the sustainability insurgency.
The Paris Agreement signals the end of the fossil fuel era, shifting the entire world economy — with huge implications for business. Governments in 195 countries committed to climate goals, but the scale of the transition required is such that governments can’t do it alone. We need business to fully commit, too. And the mechanism for this commitment can be found in business by-laws and constitution statements.
How much more does it cost to make a building “green”? Most people assume it’s a lot. But John Sterman, MIT Sloan School of Management’s Jay W. Forrester Professor of Management and the director of the MIT System Dynamics Group, says that the premium to build MIT’s LEED-certified Sloan School building has been small. “MIT is a data-driven place,” Sterman says. “You have to make the argument with data before people will act.”
As SOI matures and becomes more refined, businesses are finding more opportunities to use it as an alternative to their usual innovation processes, but more opportunities require a reliable framework for decision making.
Even the best laid plans can cause unintended consequences. But organizations that operate at less-than-optimal performance levels and are unable to think systematically are especially prone to surprising outcomes. Consider the impact of U.S. ethanol legislation on energy supply chains. Supply chains are complex eco-systems that often span multiple industries and geographies. Changing the balance between supply and demand can have a profound impact on each link in the chain. Failing to appreciate these far-reaching consequences can be disastrous and very difficult to undo.
Kenyan mobile money pioneer M-Pesa is just one of many companies in developing economies that build virtuous cycles where solving ecological problems and building resilient communities opens new opportunities. Adopting an abundant perspective, argues author Jay Friedlander, provides concrete economic, social, and environmental objectives that unleash new possibilities.
While global custody banks provide the unseen but essential support system that ensures proper functioning of capital markets, they may soon become key players in the global battle against climate change. But whether that will happen depends on the boards that govern them.
The 1987 UN document Our Common Future notes that sustainability means ensuring that future generations inherit an intact planet. If sustainability is framed as a tradeoff between business and society, addressing this tradeoff for the short term may actually exacerbate long-term problems — compromising sustainability. Firms that find a win-win between profits and planet but fail to consider intertemporal tradeoffs may cost the planet in the long term.
The director of Michigan Tech University’s Lab in Open Sustainability Technology, Joshua Pearce, says that while the manufacturing revolution offered by 3D printing may be in its infancy, the time isn’t far when printers — already available open-source — will be solar-powered and use 100% recycled raw materials. “I think people are going to start producing a lot of their own things, whether it’s kids’ toys or scientific instruments, purely based on the economics,” he says.
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