The importance of sustainability now goes far beyond environmental issues, as the need to behave responsibly becomes a key aspect of strategy and operations, maintaining brand and reputation and seeking good growth. And that’s true irrespective of the sector in which a company operates.
Traditionally, ‘heavy’ industries like resources, utilities, transportation and manufacturing have attracted most scrutiny. But no company, no matter what it does, can now afford to take its eye off its environmental, economic, tax and social impact. If it does, non-governmental organisations, activists, social networks, the media and its customers will soon hold it to account. Its good name will be badly damaged and it could even lose its licence to operate.
It’s clear that behaving in a responsible way is imperative, both for individual organisations and the economies and societies in which they operate. That’s why many companies are working hand in hand with governments to tackle risks like climate change, secure the natural resources they need responsibly and promote ‘good growth’ that’s not only financially, socially and environmentally sustainable but also real, inclusive, responsible and lasting.
More and more companies are also changing the way they engage with their stakeholders, recognising that many customers now factor environmental, social, economic and corporate responsibility practices into their purchasing decisions. There’s a pressing need, particularly in emerging markets – where younger, more socially aware buyers tend to drive consumption patterns and dominate talent pools – for companies to offer products and services that are closely matched to local environmental and social needs and concerns.
22 Sep 2015
Governments have agreed new global goals to achieve, but how ready is business to help them achieve them? What’s their intention and their vision? Will they be business as usual or business critical?
14 Sep 2015
Countdown to a deal on climate change: What does this mean for business success?
10 Jul 2015
Read more about how FTAs can boost the development of FS markets within emerging economies in PwC report.
22 May 2015
How do investors view responsible investment and ESG management? How in sync are investors (LPs) and fund managers (GPs)? PwC explores.
13 Apr 2015
Water is a business risk that needs active management. Explore why and how to collaborate well with others sharing a water basin.
23 Mar 2015
Royal plea for the finance world to fundamentally address sustainability
09 Jan 2015
Growth itself is a big challenge for many airport operators as they strive to expand infrastructure capacity to match demand.
15 Dec 2014
PwC survey of IIRC Pilot Programme organisations' 2013/14 reports shows 5 key themes to focus on for improvements in integrated reporting.
03 Sep 2014
The 7th annual Low Carbon Economy Index (LCEI) tracks the rate that G20 countries are decarbonising their economies.