“A society grows great when old men plant trees whose shade they know they shall never sit in.” (Greek Proverb)
What is Corpoarate Sustainability?
Sustainability
The most widely accepted definition of sustainability was created by the United Nations World Commission on Environment and Development (1987):
“Development that meets the needs of the people today without compromising the ability of future generations to meet their own needs.”
What is Corporate Sustainability?
Corporate sustainability encompasses strategies and practices that meet the needs of stakeholders today while protecting and enhancing the human and natural resources needed in the future.
Wall Street and the investment community now recognize that corporate value goes beyond traditional Financial performance metrics alone. Corporate performance in Environmental Stewardship and Social Responsibility are also assets, but often overlooked as having tangible value.
Corporations can no longer operate as if they are insulated from environmental and social matters and maintain the confidence of their investors, business partners, customers and employees. Stakeholders now expect corporations to demonstrate leadership in matters related to:
Environmental Issues
Social Issues
Climate Change
Greenhouse Gases
Lifecycle Product Impacts
Energy Efficiency
Water Conservation / Reuse
Natural Resource Use / Recycling
Workplace Diversity
Employee Health and Safety / Benefits
Corporate Ethics
Corporate Involvement
Corporate Philanthropy
Vendor Management: Child Labor / Sweatshops
Businesses are realizing that responding to these stakeholder expectations, by adopting sustainable development principles, can play a significant role in improving financial performance as well as differentiating their ‘brand’ in a crowded, competitive marketplace.