Sustainability initiatives mitigate environmental and reputational risks and can help companies drive business upside by redesigning processes, product offerings and business models to gain a real competitive edge. By placing importance on drivers such as innovation, human capital management and resource and energy efficiency, corporate sustainability strategies contribute to generating long-term stakeholder value.
Competitive benchmarking can show you whether your corporate sustainability strategies are really effective. It can highlight ways to improve your performance and will help you demonstrate the positive impact of corporate sustainability strategies on your financial results.
Benchmarking means learning from the best. Competitive benchmarking arms you with information about what is happening in the marketplace, including which strategies are working, which ones aren’t, and what is driving growth. This offers you insights into your own competitive positioning relative to your peers and your most effective levers for improvement.
Some benchmarks to consider when evaluating your overall program include the UN Sustainable Development Goals, the newly revised Global Reporting Initiative (GRI) Standards, the Sustainability Accounting Standards Board (SASB) standards for your sector, and the Dow Jones Sustainability Index (DJSI).
Does your organization need help with its sustainability strategy and/or management systems?
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