We can say that sustainability today is the protagonist in strategies and business models of companies. Organizations have realized that they must work on an integrated thinking that contemplates a strategic business vision linked to sustainability and with which they not only create lasting value for their shareholders, but also develop successful and lasting relationships with all their stakeholders.
The last few years have been incredibly intense for the sustainability areas of organizations. Keeping up with the pace of change, and performing accordingly, has been a major challenge.
Today it is a reputational requirement for organizations to systematically and consistently address the environmental and social commitments associated with the business. Sustainability has become a strategic pillar for organizations and therefore requires more comprehensive and far-reaching management.
For the market to function effectively, it is essential that economic agents have clear, objective and non-discriminatory rules. In this scenario, complying with the standard is not a simple task and requires that the information disclosed by the different bodies be consistent and aligned with the same objectives.
Environmental monitoring is defined as the measurement and evaluation of physical, chemical, and biological indicators of an identified environment for a determined period of time, with the purpose of measuring the changes that can be generated in the environment.
ESG practices have taken a predominant role in the business world and have become a requirement for companies. More and more investors are looking to allocate their money in organizations that are aligned with good practices in the environmental, social and corporate governance fields. With this new trend, avoiding simulating compliance with ESG criteria is one of the major challenges facing the market. This practice, known as greenwashing, is the attempt by an organization to make its products or services, and itself, appear sustainable when in fact they are not.
Latin America is one of the regions hardest hit by climate change in the world. Brazil, Mexico, Venezuela, Chile, and Argentina are the countries most likely to experience extreme annual droughts. To combat this, countries have implemented national sustainable finance policies. That is, they have started to take social and environmental factors into account in long-term investment decisions.
The signs are very clear, our planet is facing critical challenges and is demanding us to respond in a serious and timely manner. Climate change, natural disasters, environmental risks, and increasing pressure on natural resources are driving sustainability as a strategic pillar in organizations.
In the international debate on future economic progress, the concept of sustainable development has become a central element. Our lifestyles and ways of doing business have changed rapidly. In these developments, and in the definition of new development models, the environmental component has become increasingly important.
Amid pressures to focus on preventive medicine, one pharmaceutical company broadened its stakeholder base to include patients, their families, and the planet, empowering workgroups to drive its new purpose-driven strategy.