Abstract
Sustainability is a business approach built on three pillars: Profits, People and Planet. Indeed, incorporating sustainability into business strategy and embedding it into the organisation has become a very compelling business case. There is a growing demand from a broad range of stakeholders, including employees, customers, suppliers, communities, shareholders, for organisations to proactively act on environmental, social and governance (ESG) issues, as it can lead to better decision-making and long-term value creation.
In fact, it is recognised that ESG practices and performance is a crucial piece of business intelligence and, environmental impact awareness and mitigation is fundamental to an organisation’s culture and values. Moreover, ESG is good for business, society and the environment – from driving high performing cultures, attracting and retaining talent, earning committed customers, and capitalizing on new business opportunities.
In fact, it is recognised that ESG practices and performance is a crucial piece of business intelligence and, environmental impact awareness and mitigation is fundamental to an organisation’s culture and values. Moreover, ESG is good for business, society and the environment – from driving high performing cultures, attracting and retaining talent, earning committed customers, and capitalizing on new business opportunities.
Original language | English |
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No. | 2 |
Specialist publication | AIB Review |
Publisher | Australian Institute of Business |
Publication status | Published - 20 Aug 2020 |