For some years now, the existence of a fourth industrial revolution has been discussed, driven by the impact of digital technology and data processing. Its consequences: an explosion of productivity.
Given the international debate on the company’s purpose, Chile’s Manufacturers’ Association (SOFOFA - Sociedad de Fomento Fabril) carried out the following analysis to understand how to address it at a local level.
The reasons can be wide-ranging, such as increasing profitability or making a positive impact on the environment. Whichever may be, implementing sustainability practices is an option that significantly contributes to business continuity in the long term.
As a management and communication tool, sustainability reports reveal the company’s performance in economic, environmental, and social areas, allow to know the impact on stakeholders and help assess improvement opportunities.
If you want your stakeholders to know your business’ contribution to economic, social, and environmental development, you must have a sustainability report. For this, check some of our tips for successful elaboration here.
We have been witnesses of a world in constant change, in which businesses are demanded to explicitly state the “why” of what they do, while the “how” must be subject to standards superior to mere compliance.