Why invest in an environmental sustainability platform for your company?
Increase revenues. Research over the last several years shows that people and companies are making buying decisions based on if an organization has a strong environmental sustainability platform in place. According to a Deloitte report, “Purpose-driven companies witness higher market share gains and grow on average three times faster than their competitors, all the while achieving higher employee and customer satisfaction.”
Attract and retain institutional and individual investors. Major investment firms such as BlackRock have pledged to do sustainable investing. BlackRock states that, “Sustainable investing is no longer a niche area; it is going mainstream.” Among others, Goldman Sachs is also applying an environmental sustainability screen to their investment strategies.
Manage risk. By developing an environmental sustainability platform, you will systematically identify and analyze direct physical risks, supply-chain vulnerabilities and brand risks. This will enhance your long-term success and prepare you for ESG (Environmental, Social and Governance) reporting metrics that are being considered by the SEC and others.
Cost savings. When companies get serious about emissions reduction, they often find several smart ways to save money on energy in the process. There are also ways to take advantage of incentive programs. These various cost efficiencies also tend to drive profitability and enhance resilience.
Attract and retain employees. People want to work for companies that care about the environment. According to Deloitte, purpose-driven companies report 40 percent higher levels of workforce retention than their competitors.
Stay ahead of regulations. By building an environmental sustainability platform before it is legally required, you stay visionary, progressive and less exposed to compliance issues. Voluntary over-compliance helps put your company in a leadership position or keeps it there if it has reached that status already.
Enhance your brand reputation. Consumers are increasingly looking for brands that care for our vibrant planet and the people on it. This appears to be especially true of younger generations. Patagonia, for example, has created a strong brand reputation for its authentic and transparent commitment to environmental sustainability.
Leading companies are announcing environmental sustainability plans. More and more companies are announcing their aggressive environmental sustainability platforms including Walmart, Amazon, Microsoft and Starbucks. Some may have dabbled in it before, but they are now making huge commitments with related milestones.
It is the right thing to do. Climate change is real. Companies need to step up and do their part. You will sleep better at night knowing you are not in denial about this. We help to relieve the pressure on you to do the right thing.
Contact us today to get started.