Corporate sustainability: a must to compete in the marketplace

Corporate sustainability: a must to compete in the marketplace
18 de October de 2024

The concept of sustainability has evolved from being a “nice to have” option to a fundamental strategy in modern business management. Organizations that integrate environmental, social and governance (ESG) practices into their operations not only respond to increasing regulatory and social pressure, but also create long-term value. In a world of increasingly scarce resources and demanding consumers, adopting a sustainable approach is a strategic decision that impacts all areas of the business – from operational efficiency to talent acquisition.

Sustainability and ESG: Beyond Good Intentions

 

Sustainability in business is not just a matter of complying with environmental regulations or reducing carbon footprint. It involves creating a business model that balances financial returns with environmental and social impact. The ESG (Environmental, Social, and Governance) approach measures companies’ performance in these three pillars, and companies that lead in ESG are positioned to be more resilient and adaptable in an uncertain global marketplace.

 

Environmental impact (E): Companies should adopt practices that reduce the use of non-renewable resources, minimize carbon emissions and promote energy efficiency. For example, the use of clean energy, efficient water management and waste reduction not only mitigate environmental impact, but also improve efficiency and reduce operating costs.

 

Social impact (S): Social commitment is not limited to the local community; it also involves ensuring the well-being of employees, guaranteeing fair and safe working conditions, and promoting diversity and inclusion. According to a study by Cone Communications, 86% of consumers are willing to switch brands if they are associated with an important social or environmental cause.

 

Governance (G): A strong governance structure ensures transparency in business decisions and corporate responsibility. This involves ethical leadership, effective risk management and a board of directors that actively monitors regulatory compliance.

Tangible benefits for sustainable businesses

 

Reduced operating costs and improved efficiency: Companies that adopt sustainable practices, such as energy efficiency or waste management, not only reduce their environmental impact, but also generate significant savings. Studies show that companies that integrate ESG strategies have greater financial stability and reduced long-term costs.

 

Improved capital attraction: Investors are increasingly focused on companies that excel in ESG. Sustainable investment funds continue to grow globally, and organizations with high ESG scores have more opportunities to access capital with better terms, increasing their competitiveness.

 

3. Access to new markets and competitive differentiation: Companies that adopt sustainable practices are better positioned to attract conscious consumers and access markets that demand environmental and social standards. This approach is particularly relevant in sectors such as consumer goods, where customers demand responsible products that are free of single-use plastics.

The Blue Standard: leading the change towards a sustainable business model

 

One of the most innovative and comprehensive sustainability standards is the Blue Standard, developed by the international non-profit organization Oceanic Global. This cross-industry standard not only helps companies eliminate single-use plastics, but also drives sustainable operating practices through a three-star verification.

 

What does it mean to be Blue Standard certified?

 

Achieving Blue Standard verification involves a rigorous process of evaluation and continuous improvement. Through the implementation of specific strategies, companies eliminate the use of single-use plastics, replacing them with sustainable alternatives. In addition, they develop waste management policies, minimize the impact of their packaging and optimize their supply chains to align with the principles of the circular economy.

 

The advantages of Blue certification:

 

  1. Measurable verification: Blue certification lends credibility to a company’s sustainability actions. It is based on the evaluation of specific and measurable practices, from the elimination of plastics to the compatibility of products with the local waste management infrastructure.
  2. Global recognition: Being a Blue Seal certified company not only positions you as a sustainability leader in your industry, but also gives you access to a global network of more than 300 sustainable suppliers. This facilitates access to responsible alternatives, from products to packaging that meet the highest ecological standards.
  3. Contribution to systemic change: Pioneering companies such as Les Roches Crans-Montana have already successfully implemented the Blue Standard, achieving a 71% annual reduction in food waste and avoiding the use of more than 40,000 single-use plastic units each year. These initiatives not only have a local impact, but also serve as a model for other organizations around the world.

Preparing for the future: the time to act is now

 

Facing the environmental and social challenges of our era requires a paradigm shift in the way companies operate. Sustainability is not an option; it is a must for organizations seeking to remain relevant, resilient and competitive in an uncertain future. If your company is ready to transform its environmental impact and take real leadership in sustainability, the Blue Standard is the ideal framework to guide you through this process. We invite you to join the more than 400 companies that have already begun their journey towards Blue verification. Not only will you be contributing to the protection of our blue planet, but you will also be ensuring a more prosperous and sustainable future for your organization.

 

Write to us to learn more about how to become Blue Standard certified and take the first step towards a sustainable future. Because sustainability is not just the right path, it is the only path to lasting success.

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