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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.
Something that has become increasingly important in companies over time is the incorporation of environmental commitments into the strategic goals of the company. In addition to these internal commitments, every organization must comply with several regulations at the national level. Here is how to identify and address environmental regulations applicable to your business.
When we talk about the implementation of an Environmental Management System, we start to feel that we are going uphill, but it does not have to be a titanic task. The perfect is the enemy of the good, and the important thing is to start with something sufficient to perfect it over time.
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 witnessed 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.
