What is a Business Sustainability Strategy?
A business sustainability strategy is an action plan that companies develop to ensure that their operations are conducted in an economically, socially, and environmentally responsible manner. It focuses on creating long-term value for all stakeholders, including customers, employees, and investors, as well as the environment. A business sustainability strategy should include environmental stewardship, social responsibility, and economic viability components to ensure that the company is operating in a sustainable and responsible manner.
What's included in this Business Sustainability Strategy template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Business Sustainability Strategy template for?
The Business Sustainability Strategy template is designed to help businesses create an actionable plan to promote long-term sustainability. The template provides a structure to guide businesses in their goal-setting and project implementation. It is suitable for any business, regardless of size or industry.
1. Define clear examples of your focus areas
Focus areas are broad topics that encompass a business’ sustainability goals. Examples of focus areas could include reducing operational inefficiencies, increasing employee engagement, and improving energy efficiency. It is important to define focus areas that are specific and measurable to ensure that goals are achievable and successful.
2. Think about the objectives that could fall under that focus area
Objectives are specific goals that a business wishes to achieve within the focus area. For example, under a focus area of reducing operational inefficiencies, objectives could be to increase productivity during production and reduce waste and overproduction.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or Key Performance Indicators, are measurable targets that businesses set to ensure that objectives are achieved. Examples of KPIs could include a reduction in energy consumption by 20%, or an increase in production time by 30%. It is important to set realistic and achievable targets to ensure success.
4. Implement related projects to achieve the KPIs
Projects are the steps that a business will take to reach its KPIs. Examples of projects could include introducing automation to increase production time, or implementing lean manufacturing to reduce in-process inventory. These projects should be specific, actionable, and measurable to ensure success.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a strategy execution platform that provides businesses with the tools and resources they need to implement their sustainability strategy. Cascade helps businesses track their progress, measure their success, and identify areas for improvement. With Cascade, businesses can easily monitor their progress and ensure that their sustainability strategies are successful and effective.