5 tips on achieving business sustainability (2024)

5 tips on achieving business sustainability

1. People make the difference

Driving environmental improvement is not just the role of your Health, safety, quality and environment (HSQE) Manager or your workplace green team, it needs commitment from all levels of your organisation. Management commitment to reducing carbon emission is vital, but it’s also important to create a culture where staff are empowered to drive continual improvement.

Developing a net zero strategy is not only an ideal way for a company to state it’s ambition, objectives, targets and proposed actions, it’s also an opportunity to make sure that the whole organisation is invested in your journey towards sustainability. It’s important to seek out ideas from within your own business, and to look for ways to incorporate these ideas into your sustainability strategy.

Once your strategy is in place, communicating clear goals and objectives will ensure that employees across the business have a greater understanding of the businesses commitment and what is expected of them individually, or as teams, to help achieve these.

2. It’s about more than just CO2 savings

For many businesses looking to become more sustainable, the main factors driving their decision-making process will be environmental. However, it’s also important to remember that managing the use of your resources isn’t just about reducing your emissions - there can be wider business benefits too.

Reduced costs for energy, waste and water, improved competitiveness, more resilience to price fluctuations and future proofing your operations against upcoming environmental legislation, can all be achieved through monitoring and managing your resource use and investing in the right technologies.

The first step is to make sure you’ve carried out a baseline energy review or carbon footprint of your operations. This will help you understand the scale of your emissions and where to prioritise your improvements.

You may also want to explore the carbon impact of your product or service throughout its lifecycle. For example, could you design for re-manufacture, consider using recycled or recyclable materials, reduce packaging, make your product easier to transport or deliver you service differently to reduce emissions?

3. Work with suppliers and customers for mutual benefit

If you don’t understand what your customers expect in terms of your environmental performance, you run the risk of them finding someone else who does. It’s important to engage with your customers to let them know your values and work with them to understand any issues or opportunities you could work on together.

Reach out to them, examine their websites, speak to your sales team and have a look at the customer questionnaires they are seeing. You may find there are areas you could address together for your mutual benefit.

More and more customers for example are procuring products and services based on their sustainability credentials. You should therefore consider adopting a supplier framework that favours the goods and services that lower environmental impact.

Work with your supply chain to help them understand your requirements and look for ways to influence them to improve.

4. Manage the risks of climate change – and grab the opportunities

Climate change is real. It’s happening now and it poses a genuine risk to business continuity for companies across Scotland.

Whether it’s the direct risk of operational impact due to extreme weather or supply shortages due to resource scarcity, or whether it’s a change in demand for their products and services due to society’s response to climate change, this agenda has the potential to impact on business premises, processes, logistics, markets and the way in which they are financed. Consider developing a climate change action plan or including climate impact in an existing business continuity plan.

But where there's risk there are also opportunities. Customers will look for new product and services that are less carbon intensive. There will also be a market for goods and services that can help others mitigate and adapt to the risks posed by climate change.

5. Share success

Climate change and sustainable business practices might not be new concepts, but they've never been more prominent in the public eye than now. There are already many Scottish businesses who put environmental sustainability at the heart of what they do and we need them to share their success and the challenges they faced.

Sustainability makes business sense so don’t be afraid to shout about it. There are many ways that being more sustainable can help a business - from cost reduction, improved brand value, enhanced reputation, development of innovative products, attraction and retention of staff and better relationships with communities and stake holders.

If your business is at the beginning of its journey towards sustainability, it’s important to seek out ideas and inspiration from those companies that have already made considerable progress on the path to a low carbon future.

Next steps

Our sustainability specialists work with companies of all sizes across all sectors to help them do things better, more efficiently and with a reduced impact on the environment. The support we offer is very diverse and includes help with improving your:

  • Business premises
  • Products and services
  • Processes and operations
  • Marketing, PR and people
5 tips on achieving business sustainability (2024)

FAQs

5 tips on achieving business sustainability? ›

the 5Cs. Wolwedans' 5Cs of Sustainability are Consciousness | Conservation | Community | Commerce | Culture. They are deeply interconnected – one cannot have optimal impact when out of balance with another – and they frame the holistic and harmonious approach to all that we do.

What are the 5 C's of sustainability? ›

the 5Cs. Wolwedans' 5Cs of Sustainability are Consciousness | Conservation | Community | Commerce | Culture. They are deeply interconnected – one cannot have optimal impact when out of balance with another – and they frame the holistic and harmonious approach to all that we do.

What are the 5 steps to sustainability? ›

To truly achieve sustainability, we must adopt a holistic approach that encompasses five distinct stages: Preservation, Protection, Regeneration, Regrowth and the attainment of precise Self-sufficiency. Together, these stages form a roadmap towards a self-sufficient and sustainable world one for all, all for one.

What are the 5 principles of a sustainable business model? ›

Systems theory identifies 5 elements for a sustainable business model: Diversity, modularity, openness, slack resources and matching cycles. Tima Bansal is the Founder of the Network for Business Sustainability and Professor at Ivey Business School.

How to achieve business sustainability? ›

5 Steps to Sustainability for a Small Business
  1. Step 1: Learn about Sustainability. The first step in creating a small business sustainability plan is learning what, exactly, sustainability is all about. ...
  2. Step 2: Assess Areas of Improvement. ...
  3. Step 3: Find Opportunities. ...
  4. Step 4: Create a Vision. ...
  5. Step 5: Implement Changes.

What are the 5 Ps of sustainable development? ›

The “5 Ps” of the UN Sustainable Development Goals – People, Planet, Prosperity, Peace, and Partnerships – represent the foundation of Agenda 2030, an aspirational plan to build a more equal, more just, more sustainable and more prosperous world for future generations.

What are the 5 principles of sustainable development? ›

The five principles of sustainable development are as follows:
  • Conservation of the ecosystem or the environment.
  • Conservation of biodiversity of the planet.
  • Sustainable development of the society.
  • Conservation of human resources.
  • Population control and management.

What are the 7 keys to sustainability? ›

7 Steps to Sustainability
  • Understand the basics. Find out everything you need to know about what net zero means and why it matters.
  • Involve your team. ...
  • Make the SME Climate Commitment. ...
  • Make a plan. ...
  • Take action. ...
  • Find finance and support. ...
  • Look beyond your business.

What are the five stages of sustainable business? ›

5 Business Stages Towards Sustainability
  • Stage 1: Pre-Compliance. As a company, it will do everything is can to cut costs even though it is borderline legal, sometimes illegal as long as it doesn't get caught. ...
  • Stage 2: Compliance. ...
  • Stage 3: Beyond Compliance. ...
  • Stage 4 Integrated Strategy & Stage 5 Purpose / Passion.
Dec 10, 2015

What are the five elements of sustainability? ›

What are the five elements of sustainability (5 Ps)? development as people, planet, prosperity, peace and partnership. Q. Sustainability could be divided into two categories: weak and strong sustainability.

What are the 5 P's or five pillars of sustainable development? ›

Each of the five pillars begins with a letter P in English, as people, prosperity, planet, peace, and partnership (United Nations, 2015).

What are the 5ps in the model of sustainability? ›

The 17 SDGs are structured around the five pillars of the 2030 Agenda: People, Planet, Prosperity, Peace, and Partnerships. These 5 Ps highlight how the SDGs are an intertwined framework instead of a group of solo goals.

What are the five key success factors for a successful business sustainability? ›

5 Key Principles for Sustainable Business Growth
  • Define your value proposition and core values. ...
  • Focus on customer satisfaction and retention. ...
  • Innovate and differentiate yourself from the competition. ...
  • Manage your cash flow and profitability. ...
  • Plan for the long term and embrace change.
Aug 9, 2023

What are three goals of business sustainability? ›

The 3 pillars of sustainability: environmental, social and economic.

What is the key to sustainable business growth? ›

Prioritising Customer Retention and Loyalty

Acquiring new customers is undoubtedly important for any business looking to grow; however, the key to achieving true sustainability and long-term success lies in customer retention. Implementing loyalty programs is a proven strategy for retaining customers.

What do the 5 C's stand for? ›

The 5 C's of credit are character, capacity, capital, collateral and conditions. When you apply for a loan, mortgage or credit card, the lender will want to know you can pay back the money as agreed. Lenders will look at your creditworthiness, or how you've managed debt and whether you can take on more.

What are the 5 definitions of sustainability? ›

Integration of environmental, social, human and economic goals in policies and activities. Equal opportunity and community participation/sustainable community. Conservation of biodiversity and ecological integrity. Ensuring inter-generational equity. Recognizing the global integration of localities.

What is the key element of the 5 C's? ›

5C Analysis is a marketing framework to analyze the environment in which a company operates. It can provide insight into the key drivers of success, as well as the risk exposure to various environmental factors. The 5Cs are Company, Collaborators, Customers, Competitors, and Context.

What are the 5 pillars of environmental sustainability? ›

The five pillars of sustainability : economic, social, environmental, cultural and security aspects.

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