How to make a commitment to being a sustainable business
In this guide:
- Make your business more sustainable
- Advantages of sustainable business practices
- How to make a commitment to being a sustainable business
- Involve stakeholders in your sustainable business
- Assess your environmental and social impacts
- How to develop and implement sustainability plans
- Improve the social impact of your business
Advantages of sustainable business practices
How taking a sustainable approach for your business can help to reduce costs and risks while improving your reputation.
Taking a sustainable approach to business means that your business has no negative impact on the environment or society, while remaining financially sound. It encourages you to focus on long-term goals and strategy, and offers a wide range of benefits.
A sustainable approach will help your business comply with regulations and avoid any non-compliance costs. It can also help you qualify for reductions in environmental taxes such as the climate change levy.
There are significant savings to be made by using resources such as raw materials, energy and water more efficiently.
You should aim to take responsibility for your business as a whole, not just what happens under your roof. This means looking at the behaviour of your suppliers and your customers. Your supply chain could be a source of major inefficiencies, especially if you source materials from overseas. Do you know how your supplies reached you and how they were manufactured? Equally, are your products simple to recycle?
Improved reputation through sustainability
A sustainable approach can improve the reputation of your business and the products and services you offer. Many individual consumers prefer to buy from responsible businesses, while business customers may choose sustainable suppliers as part of their own commitment to sustainable development.
A good reputation can help you attract and retain employees, and improves your standing with the local community. By reducing the risks in your business and showing that it is well managed, a sustainable approach can also make it easier to attract investors and to work with regulators.
How to manage your environmental impacts
To help you manage, measure, monitor and report on your sustainability performance and to gain from the benefits, you could use an environmental management systems (EMS).
Also on this siteContent category
Source URL
/content/advantages-sustainable-business-practices
Links
How to make a commitment to being a sustainable business
A credible strategy for sustainable development reflects your business values and can attract top-level support.
To be effective, your sustainable development strategy requires top-level commitment, as well as support throughout your business.
Understanding how the strategy benefits your business makes this easier. Management need to recognise that sustainable development shouldn't be a cost, or just a way of complying with legislation, but a method of improving your business, boosting profits and reducing your environmental and social impacts.
A credible strategy should reflect the requirements of stakeholders in your business - such as employees, customers, investors, regulators and the local community.
A genuine commitment also needs to tie in with the values of your business and your overall business mission. A strategy that does not do this is unlikely to achieve its desired outcomes. You should incorporate your commitment in your policies and business strategy.
Once this commitment has been established, you need to ensure finance and other resources are available to make things happen. You also need to ensure that sustainability is taken into account in your decision-making processes at every level. For example, decisions made during the design of new products can have a major effect on your overall impact on the environment and society.
You may find it useful to appoint one or more sustainability champions - this can help to maintain your commitment to sustainable development and continuous improvement.
Also on this siteContent category
Source URL
/content/how-make-commitment-being-sustainable-business
Links
Involve stakeholders in your sustainable business
How you can work with employees, customers and other stakeholders to create a more sustainable business.
Taking into account the requirements of key stakeholders will help you develop a sustainability strategy that delivers the greatest business benefits.
For example, individual consumers may prefer to purchase 'green' products from 'green' suppliers. Business customers may also prefer to source from more sustainable suppliers, as part of their own commitment to sustainable development.
Other key stakeholders include suppliers, employees, investors and regulators. In each case, understanding and reflecting their concerns can help you develop a more effective business strategy.
You should ensure that stakeholders understand your commitment to sustainable development, and what you are doing about it. For example, you might publicise your policy and specific objectives through developing and implementing sustainability plans.
Environmental regulators and other organisations are also good sources of ideas and advice.
Engaging employees in sustainability
Your employees can be a very useful source of ideas. They often have a good understanding of the impact of different activities, and how customers and other stakeholders feel about your business as they are more likely to interact with them on a daily basis.
Employees can also be an important part of executing your plans, and may in any case want to help make the business more sustainable. It's worth considering training and incentives to encourage employees to support your strategy.
ActionsAlso on this siteContent category
Source URL
/content/involve-stakeholders-your-sustainable-business
Links
Assess your environmental and social impacts
How to identify the full impact of your business, products and services as part of your sustainability strategy.
A strategic approach to sustainability should look at the full impact your business has on the environment and society. This includes:
- your use of raw materials, water and other resources
- your energy use and its impact on climate change
- the waste and pollution your business produces
- the impact your business has on your employees and the local, wider and international community
There are a number of techniques that you could use to assess your impacts - eg by carrying out an environmental review of your business.
You should take into account the impact your business has throughout the full life cycle of your goods or services, and across the whole supply chain. For example:
- Do you source sustainable materials from suppliers who are committed to sustainable development?
- Do your suppliers treat their employees fairly and ethically?
- How much energy is used producing and delivering materials to you - and delivering products to your customers?
- How are your products used and disposed of? Can your products and packaging be easily recycled or reused?
Think about life cycle opportunities offered by good ecodesign for goods and services.
You should look forward to anticipate how changing legislation and stakeholder requirements will affect you. Your suppliers and advisers can also help you keep up to date by identifying new, more sustainable technologies you can use. You may find that there are business growth opportunities by considering sustainable innovation.
Assessing the impact of your business in this way helps you identify the best opportunities to make improvements. For example, the best option for a manufacturer might be through making more energy-efficient products - see how to develop and implement sustainability plans.
Also on this siteContent category
Source URL
/content/assess-your-environmental-and-social-impacts
Links
How to develop and implement sustainability plans
Ways to identify opportunities for your business to be more sustainable and how to use objectives to drive improvement.
Once you've assessed the environmental and social impacts of your business, you should develop a sustainability action plan that describes the changes you will make and how you are going to implement them.
Your plan should focus on the highest priority changes for your business which you can achieve with the least effort. Your priorities may depend on a number of factors such as the cost and availability of resources used by your business, the likelihood of future regulatory requirements and opportunities to grow your business through sustainable innovation.
You should set long-term objectives and shorter-term targets and use your action plan to detail how you will work towards them.
A management system can help you do this in a systematic way, building a process of continual improvement.
You can also refer to a standard that has been produced to provide guidance on managing sustainable development in a business, the BS8900 standard on sustainable development.
Monitoring and reporting sustainability performance
Monitoring is a key element of the feedback loop you need to control your sustainability performance. Checking progress towards objectives lets you know whether your action plans are working. It also lets you know when you have achieved your targets and objectives and need to set new ones.
You should carry out monitoring and auditing on a regular basis to take account of how your business has changed. Auditing is a key ingredient of an effective management system, ensuring that the system itself is working and helping you identify ways to improve it.
You can help to ensure that sustainability remains a priority for your business by reporting regularly on progress. You can use your reports to keep employees and other stakeholders informed.
Public reporting helps to maximise the benefits of sustainable development for your business. For example, investors and regulators can see that your business has a sound approach, helping to reduce risks. Employees can see that you are committed, helping to motivate them to play their part in making your business more sustainable - see how to produce environmental reports for your business.
Also on this siteContent category
Source URL
/content/how-develop-and-implement-sustainability-plans
Links
Improve the social impact of your business
How becoming a more sustainable business can improve your reputation as an employer, neighbour, supplier and customer.
As part of your efforts to become more sustainable, you should look to improve the social impacts of your business. Locally, your business can have a significant social impact, both as an employer and as a neighbour.
Employing local people can be a substantial benefit for the community as well as your business. A fair approach to recruiting and developing staff can help integrate your business into the community and improve your reputation. Purchasing from local suppliers can have similar benefits.
Many businesses also get involved in community initiatives - for example, by supporting a local charity or giving staff time off to work on local initiatives. Adopting a corporate social responsibility (CSR) policy can deliver business benefits as well as helping the community.
As a neighbour, the emissions and traffic your business generates need to be managed carefully to ensure that their impact on the local environment is acceptable. For example, a noisy bar or restaurant might face growing local opposition.
To become more sustainable you should also consider the impact of the goods and services you offer. These may face growing customer resistance or regulation if they have an adverse social impact.
You also need to consider the effects you have through your supply chain. The suppliers you use, and the deals you negotiate with them, have a knock-on effect on their communities both in the UK and overseas. For example, you might choose to import only from suppliers who can demonstrate that they treat their employees fairly.
Also on this siteContent category
Source URL
/content/improve-social-impact-your-business
Links