How Tech Companies are Promoting Sustainability

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Tech companies realize that sustainability is a good investment. Sustainability ensures business continuity by conserving resources. A company cannot produce goods and services without sufficient raw materials (e.g., clean water, wood, minerals, etc.). This, in turn, means decreased revenue for the company. In 2014, Unilever CEO Paul Polman declared that climate change-related natural disasters are costing Unilever at least USD300 million a year.

Why Your Business Needs a Sustainability Plan

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As the private and public sectors continue to develop their sustainability plans to demonstrate their commitment to the environment and the wellbeing of their communities, the private sector faces the challenge of ensuring the long-term viability of their operations and the wellbeing of their clients and consumers. A well-thought-out sustainability plan assists a company in operating its business responsibly while achieving a healthy bottom line.

What Does it Take to Develop an Effective Sustainability Plan?

A local government that develops a comprehensive and effective sustainability plan shows that it is committed to preserving the environment while developing sustainability strategies for the local community. Sustainability plans are developed to address environmental, community and financial sustainability, and serve as tools and road maps for assisting local governments in managing sustainability initiatives and documenting progress.

Making Sense Out of Sustainability Plans

Climate change is a worldwide concern, defined as a change in global or regional climate patterns; in particular, a change apparent from the mid- to late 20th century onwards, and attributed largely to the increased levels of atmospheric carbon dioxide produced by the use of fossil fuels. With continuous changes to climate patterns, numerous agencies have adopted Climate Action Plans (CAPs). CAPs address air quality, greenhouse gas (GHG) emissions, transportation strategies, land use, open spaces, economic development, water management, recycling and more. Although various agencies may concentrate on different categories with more emphasis, the importance of CAPs are the effectiveness of the implementation and the longevity.

The Importance of Sustainability Reporting

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Many investors recognize that sustainability is a long-term goal that will define the business model and advance from limited practice among eco-friendly business leaders. In a report published by Accenture and the United Nations Global Compact (UNGC), 80% of the C-level executives interviewed believe sustainability is a way to gain competitive advantage in today’s global market. Reporting sustainability data has become a crucial part of achieving certifications and gaining investors.

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