Sustainability in business: 3 common risks and how to tackle them – PART 1

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Part 1 of 3. In this Tracker slideshare we examine 3 common risks to sustainability in business and how to tackle them. Risk 1 - Lack of cohesion.

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Sustainability in business:
3 common risks and how to tackle them –
PART 1

Becoming a more sustainable
business is tough but....

...sustainability has stopped
being a ‘nice-to-have’ and has
become a ‘must-have’ for public
sector supply chains.

• sustainability practices could be
worth up to £100bn to UK
companies through potential
productivity gains
*‘Fortune Favours the Brave’ report from Accenture, Business in the Community (BITC) and Marks and Spencer

“Many companies have made progress in reducing
their environmental and social impact, but we now
need to make sustainability part of our targets and an
intrinsic part of our brands. If UK business wants to
have more impact, it will have to make sustainability
desirable, appealing and relevant by responding to
customer wants”
Marc Bolland, Chief Executive, Marks & Spencer.

So what are the risks to ensuring
your own business makes the
grade for sustainability?

Risk 1: Lack of cohesion
A lack of common goals, processes and
definitions for sustainability can be the undoing of a well
intentioned business.

Risk 1: Lack of cohesion
How do I tackle it?

Risk 1: Lack of cohesion
• Establish a sustainability vision
for your company and develop a
code of conduct. Make sure
everyone involved with your
company is aware of them.

Risk 1: Lack of cohesion
• Crowd source – ask
for suggestions on how
to make things more
efficient, you never know
who might have a great
sustainable idea.

Risk 1: Lack of cohesion
Go beyond audits and make the
sustainability strategy a part of
your sales, production and
delivery operations.
• Focus on metrics definition and alignment with a goal in
mind and start benchmarking.

Risk 1: Lack of cohesion
Develop tools, systems
and processes to identify
and manage risks to your
sustainability programme.
• Get help – join a local supplier development program
to help build your skill set.

Risk 1: Lack of cohesion
• Look beyond the daily grind – If you rely on other
suppliers to help you deliver your services, start
considering their sustainability credentials too.

Sustainability in business:
3 common risks and how to tackle them
Thanks for viewing! Make sure to check out
PART 2 in our series
Follow @TrackerIntel on Twitter for more business insights

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Sustainability in business: 3 common risks and how to tackle them – PART 1

1. Sustainability in business: 3 common risks and how to tackle them – PART 1

2. Becoming a more sustainable business is tough but....

3. ...sustainability has stopped being a ‘nice-to-have’ and has become a ‘must-have’ for public sector supply chains.

4. • sustainability practices could be worth up to £100bn to UK companies through potential productivity gains *‘Fortune Favours the Brave’ report from Accenture, Business in the Community (BITC) and Marks and Spencer

5. “Many companies have made progress in reducing their environmental and social impact, but we now need to make sustainability part of our targets and an intrinsic part of our brands. If UK business wants to have more impact, it will have to make sustainability desirable, appealing and relevant by responding to customer wants” Marc Bolland, Chief Executive, Marks & Spencer.

6. So what are the risks to ensuring your own business makes the grade for sustainability?

7. Risk 1: Lack of cohesion

8. Risk 1: Lack of cohesion A lack of common goals, processes and definitions for sustainability can be the undoing of a well intentioned business.

9. Risk 1: Lack of cohesion How do I tackle it?

10. Risk 1: Lack of cohesion • Establish a sustainability vision for your company and develop a code of conduct. Make sure everyone involved with your company is aware of them.

11. Risk 1: Lack of cohesion • Crowd source – ask for suggestions on how to make things more efficient, you never know who might have a great sustainable idea.

12. Risk 1: Lack of cohesion Go beyond audits and make the sustainability strategy a part of your sales, production and delivery operations. • Focus on metrics definition and alignment with a goal in mind and start benchmarking.

13. Risk 1: Lack of cohesion Develop tools, systems and processes to identify and manage risks to your sustainability programme. • Get help – join a local supplier development program to help build your skill set.

14. Risk 1: Lack of cohesion • Look beyond the daily grind – If you rely on other suppliers to help you deliver your services, start considering their sustainability credentials too.

15. Sustainability in business: 3 common risks and how to tackle them Thanks for viewing! Make sure to check out PART 2 in our series Follow @TrackerIntel on Twitter for more business insights

Sustainability in business: 3 common risks and how to tackle them – PART 1

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Sustainability in business: 3 common risks and how to tackle them – PART 1