In a 2010 post, Will Growing Business Risk Reach an Action Tipping Point , our sustainability consulting practaice explored what was viewed by most to be the primary driver of business sustainability. While risk remains a key motivator for immediate action, we find more and more of the corporate elite are exploring business value opportunities as a competitive tipping point for action.
“Designing and implementing product sustainability programs at an enterprise level is now a strategic imperative for many companies. This was a consistent theme across many different market sectors and was being driven by the belief that a product sustainability program could create significant business value for their organizations.”
This quote was taken from a recent GreenBiz article, Are Product Sustainability Programs at a Tipping Point , wherein the author examines the state of sustainability in business today. Specifically targeting new product development, the post explains that business sustainability programs are focused on improving performance.
- Life-cycle management
- Product regulatory compliance
- Supply-chain management
- Product innovation
By taking proactive measures, organizations are addressing the business sustainability risks and opportunities that will directly impact company profitability today and into the future. Our own sustainability consulting experience with leading organizations has shown there to be an exponentially increasing number of benefits to business sustainability, and we are currently working with clients who have built their companies around capturing this value. Visit us to learn more.