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.
What does this mean for your business?
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.
View our latest Sustainability research and insights
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Jun 16, 2014
CEOs are increasingly seeking “good growth,” aligned with business ethics and sustainability. Dennis Nally explores the importance of building trust for business.
May 14, 2014
Most businesses haven’t a clue how to report their human rights impacts successfully. Patrick Shaw-Brown explains what to say and how to say it well.
May 14, 2014
Business leaders know they have to stay competitive, they have to innovate for the future and attract the skills and investment they need. Against this backdrop, tax matters even more.
May 2, 2014
A coalition of 13 Dutch companies has agreed to measure their societal impact and report the results.
Apr 14, 2014
This special report was presented in summary at APPEA's 2014 Conference in Perth on 7 April 2014. It was prepared in co-operation with APPEA and its members by PwC's oil & gas productivity consulting practice with the aid of the US oil & gas practice of Strategy& (PwC's newly launched brand for the recently acquired Booz & Co. global strategy house) as well as Gaffney, Cline & Associates.
Apr 7, 2014
With an energy transformation on the horizon, power & utilities CEOs are counting on technology, but they’ll also need to do more to build customer trust.
Feb 12, 2014
In this year’s CEO survey transportation & logistics CEOs are more optimistic. They’re focusing on developing the workforce and improving their environmental footprint.
Feb 12, 2014
In this year’s CEO Survey industrial manufacturing CEOs have a more confident outlook. Many see climate change & resource scarcity transforming business over the next 5 years.
Feb 6, 2014
In this year’s CEO Survey forest, paper & packaging CEOs see tough times ahead and worry about economic risks. Adapting more quickly to changing technology is an issue too.
Feb 6, 2014