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Corporate Sustainability Planning Assessment
Guide:
A Comprehensive Organizational Assessment
by
Donald C. Fisher, Ph.D.
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The concept and scope of sustainability efforts as they relate to an
organization entails the corporate integration of economic,
environmental, and social issues that the organization impacts. The
most common definition of sustainability was created in 1987 by the
Brundtland Commission, formally the World Commission on Environment
and Development (WCED), which noted that sustainability does not
focus solely on environmental issues, but on three foundations of
economic growth which include economic, environmental, and social
factors.
Corporate sustainability planning has
risen in prominence over the past few years among leading
organizations as a tool to achieve strategic dominance within the
global marketplace. Organizational sustainability is being
addressed in both the Dow Jones Sustainability Group Indexes and the
Global 100 Most Sustainable Corporations in the World Recognition
initiative that was launched in 2005 and is given annually at the
World Economic Forum in Davos, Switzerland.
The Dow Jones Sustainability Group
Indexes were developed to meet the financial markets’ demands for an
investment index to benchmark over 200 organizations who are
committed to sustainable business practices. The Index recognizes
how organizations integrate economic, environmental, and social
factors into their business strategies. The Index places particular
emphasis on innovative technology, corporate governance, stakeholder
interests, industry leadership, and corporate responses to societal
changes. The Index is reviewed annually by an advisory committee
which consists of experts from both the financial and corporate
sustainability sectors.
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The Global 100 Most Sustainable
Corporations in the World project addresses corporate
sustainability. The Global 100 List of publicly-traded,
world-listed companies are assessed on how they manage
sustainability regarding environmental, social, and governance (ESG)
risks and opportunities.
Corporate sustainability planning for an
organization builds on its core values and can provide direction and
rationale for the integration of sustainability principles among
employees, vendors, and customers. This comprehensive Baldrige-based
manual will aid an organization in identifying strategic
opportunities for improvement regarding their sustainability
efforts. The manual will be most valuable in developing and/or
improving a corporate sustainability plan and will help an
organization identify and strategically address sustainability
opportunities that will:
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Increase revenue and reduce costs
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Enhance an organization’s reputation,
brand, and market value
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Better attract and retain talented
employees
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Mitigate regulatory and business risks
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Address key economic, environmental,
and social issues within an organization
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Serve as a “Best-Practice” Benchmark
for an organization through the utilization of the Global
Reporting Initiative (GRI) Index that appears in the Glossary of
this book.
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