New Year Perspectives on Sustainable Business Development

Evidence now indicates the gap between global awareness and business action may in fact be the single largest opportunity for global sustainability progress. Specific to business sustainability monitoring and reporting, the debate continues on whether a company should focus on transparency and continuous individual improvement or corporate performance measures relative to a broader all-encompassing target. Rather than separating traditional performance from sustainability, would a business be better served in aligning business sustainability with global standards or individual financial reporting?

An Environmental Leader post, Implementing a Universal Sustainability Scorecard: How Do Your Partners Measure Up?, recently weighed-in on this conversation with its own perspective of global measures. Arguing on behalf of universal applicability and standardization, the article cites the rate of business sustainability concepts adoption as the major value driver.

“For any company, no matter what their industry, implementing sustainability standards within their own organizations is an obvious first step. Creating a universal scorecard will not only help smaller companies without resources take that next step sooner, but will also help larger organizations streamline their processes and achieve sustainability more efficiently.”

An alternative perspective presented in our own post, Varying Perspectives of Sustainability Measurement and Reporting, focuses on incremental and continuous improvement relative to traditional standards. Rather than jumping directly to global consequence and accountability, a global business shift toward greater internal transparency and an individual ‘step-change’ in business sustainability metrics could drive significant progress.

What are the business sustainability risks poised to limit company growth?
What are the business sustainability threats that may impact stakeholder return?
How have recent business actions impacted internal and external costs?
How have recent business actions affected revenue?

At Taiga Company, we foresee the future of business sustainability going far beyond the implementation of standards. The leaders of tomorrow will continue to push the edge of business sustainability to transform individual business performance. We believe the right strategies and business resources can help tie your sustainable business strategies to your company’s bottom line.