A Sustainable Development Plan is a structured approach to managing an organisation’s impacts to the environment and society. Why do it? It makes good business sense:
Increased profitability through improved efficiency and reduced waste
Improved reputation
Appeal to discerning customers
Better regulatory considerations, including improved compliance
Access to more affordable finance through risk management
Demonstrated leadership in local sustainable development
Reduced risk of environmental accidents
Future-proofing against legislation and non-regulatory developments.
It also leads to:
Positive brand association.
A reputation as a leader in sustainable business practices.
Attracting environmentally conscientious customers and allowing them to comply with their own sustainability goals and plans.
Ability to meet demands for eco-conscientious products and services.
Helps mitigate conflict with stakeholders who share the same environmental and ecosystem services.
Improvements to the environment and public health.
Future-proofing is an important business risk-management strategy. Considering Europe’s 20 million Small and Medium Sized Enterprises (SME) account for 99% of all businesses and two-thirds of all employment with 90 million employees, and, collectively they account for some 65% of environmental impacts in the EU. Engaging SME is essential in order to address environmental impacts.
A short-list of the main environmental issues confronting society is:
Climate Change
Pollution
Biodiversity
Natural resource depletion
Waste disposal and management
Deforestation
Urbanisation.
Existing policies are not working. Despite some successes, the overall condition of all issues is worsening. As the environment continues to degrade governments will implement increasingly stringent policies to attempt to reverse the trend.
Consequently, implementing a sustainable development plan now is an effective way to prepare your organisation for the policies and any legislation that will come.