Part 1: Feeling the Pressure of Sustainability?
Part 2: The Alphabet Soup of Sustainability: Making Sense of the Acronyms
Part 3: SEC Proposed Amendment Potentially Impacts Supply Chain Companies
So you've established that you want to journey down the sustainability compliance path. Now you need to figure out why you're embarking down this path and what specifically you are looking to accomplish.
Why are you embarking on a sustainability journey? Why is it important to you now? You need to clearly understand your WHY! The answers typically fall into one of the following categories.
Once you clearly understand the primary stakeholder who is driving the need to embark on a sustainability journey, next seek to understand what they want. Look for the acronyms mentioned in my previous blog.
When Customers drive the need to embark on your sustainability journey, they commonly ask for:
When Sales and Marketing or Boards identify the need for embarking on a sustainability journey, they commonly have a benchmarking study done to evaluate the competitors’ actions in the field of sustainability, sometimes including suppliers and customers in the benchmarking study as well as competitors. From this benchmarking study, common next steps include:
When Employees drive sustainability initiatives, they commonly pursue:
When Financial Institutions drive sustainability reporting, they will be very specific about the form or the template you are to follow, which will likely follow a framework, at least in part, that is similar to the GRI, CDP, SASB, or TCFD reporting standards.
Once you know “Why” you are embarking on a sustainability journey and “What” you need to do to address the “Why”, you are ready to embark on your journey. The first step of your journey will likely be just that – a first step. It is very common for a company to have a second or third “Why” shortly after the first “Why”; and therefore, additional initiatives will follow. Just take one step at a time. Sustainability journeys are journeys, not destinations. Embrace sustainability, because with each step in your journey, you will reap the benefits of that step.
Aftan Engineering is a company based out of Pennsylvania that specializes in Sustainability and Continuous Improvement challenges. Led by Lisa Peterson, they offer services pertaining to Sustainability, ISO 14001 Compliance Preparation, Lean Six Sigma, Continuous Process Improvement (Manufacturing Optimization), Supply Chain Management, and 3D Printing (Additive Manufacturing).
Feel free to contact us or Lisa directly for more information about a sustainability compliance consultation or for any inquiries and/or questions.