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Understanding Sustainability: Key Concepts and Corporate Impact

Learn about sustainability, its importance in corporate practices, and the triple bottom line approach. Explore topics like ESG, CSR policy, sustainable economic development, and corporate reporting. Discover how companies are aligning sustainability with their strategies and the increasing focus on environmental, social, and economic performance.

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Understanding Sustainability: Key Concepts and Corporate Impact

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  1. Sustainability Dr. Ron Lembke

  2. What is “Sustainability?” • The ability to keep doing something for the indefinite future • If it’s not profitable, it’s not sustainable • What allows a company to survive? • Meeting customer demands • Developing new products • Keeping costs low

  3. Treehugger Fringe

  4. Industry Thinks it’s Important

  5. Students Care • Stanford MBA survey • 97% of students say they would take lower pay for a company with good CSR policy (Corporate Social Responsibility)

  6. What is “Sustainability?” • Brundtland Commission (1987): • “development that meets the needs of the present without compromising the ability of future generations to meet their needs” • ESG • Environmental – Energy, Carbon, GHG, Water, etc. • Social • Corporate Social Responsibility: quality of life for employees, their families, and the community • Labor practices, healthcare, education, diversity, safety • Governance • Ethics, responsibility, Sarb-Ox • Tyco, Enron, WorldCom • Sustainable Economic Development

  7. Triple Bottom Line • Environment (Planet) • What is your impact on the planet? • Society (People) • What is your impact on people? • Economic Performance (Profits) • How are your profits? Measurement • Clearer alignment to corporate strategy • Long-term targets, measurement systems • Transparent reporting

  8. Corporate America Catches On • GE – Frank Mantero, Director Corporate Citizenship Programs • Investing and Delivering in Citizenship • Audited, like financial statements • 40% of value based on reputation • It’s not “giving” back – it’s a partnership • Wal-Mart • Sustainable Supply Chain • “We’re making money at this” • 600% increase in carbon reporting consulting

  9. Corporate Reporting

  10. Conclusions • Companies are increasingly taking “Sustainability” more seriously • Exactly what does that mean? • Stay tuned. More in the next talk.

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