Business plan industry definition of sustainability

These plans set goals that are particular to the organization in question. The plan will also establish guidelines for achieving and measuring the impact of these objectives. Sustainability creates and maintains the conditions under which humans and nature can exist in productive harmony, that permit fulfilling the social, economic and other requirements of present and future generations. This plan will allow you to formalize and solidify what sustainability will look like at your organization.

Business plan industry definition of sustainability

One of the top trends in corporate social responsibility and sustainability is industry collaboration. As companies pursue sustainability goals more aggressively, they realize they cannot work in isolation from their economic eco-system.

They need to work with their suppliers, vendors, customers and industry peers. Therefore there is a growing need for industry associations to respond to this demand for collective action. Here business plan industry definition of sustainability a step guide to developing an industry association program, informed by research on the role of industry associations.

The complete guide PDF can be found here. Understand sustainability trends and best practices Associations can research emerging and frontier sustainability trends, impacts, issues and dependencies and canvass members on top sustainability challenges and concerns.

With this information, they can develop an overarching set of issues and opportunities for the sector to tackle collectively. Consult and prioritize Once the membership has agreed on the need for collaborative action, the association consults with members and external stakeholders to determine the top priorities a sustainability or CSR program should address -- and any gaps in current programs.

Develop sustainability vision or principles An important, often overlooked step is to develop a sector-wide sustainability vision or set of principles. Get your house in order To effectively champion sustainability leadership to their members, associations can adopt their own in-house sustainability program.

Develop tools and education programs Associations can develop tools, guides and learning platforms to support their members along the sustainability path.

Peer learning and mentoring are important steps to educate the sector and bring all members up to speed on CSR. Training and education are critical components of a successful program. Develop a plan, metrics and targets. Track and reward progress As with any initiative, it is important to develop, implement and monitor a plan to improve member sustainability performance, including targets and metrics for tracking and measuring success.

Many associations provide green awards for members with top performance and celebrate sustainability progress at annual conferences. New members have three years to comply and publicly report their performance against the standards. Analyze and engage From the vision process in Step 3 above, the association can back-cast to identify barriers and opportunities for the realization of the vision.

Through stakeholder consultation, the association can identify partners to help tackle the systemic challenges to sector sustainability.

What It Is

Industry working groups can be established to liaise with business, government and civil society on sustainability projects. Report on sector results Associations can adopt sector-wide metrics to guide member sustainability progress.

They then can gather member performance data into an industry progress report to enhance accountability with the government and public. The association can assess annual performance data to identify opportunities for continuous performance improvement.

business plan industry definition of sustainability

Members also can benchmark their performance to their peers and competitors. Contribute to progressive public policy Industry needs a level playing field to operate effectively. Association leaders proactively can reach out to government to support the development of effective public policy frameworks that both advance sustainability and enable industry to compete and thrive.

The future beckons Over the coming decades, society will grapple with serious global trends, such as climate change, resource scarcity, ecosystem depletion and a growing social divide. Industries, professions and the associations that represent them will be called upon to help develop solutions that generate shared value for business and society.

The development of a sustainability program for members today is the beginning of a collective journey toward social, environmental and economic sustainability for all. This article originally appeared at the Strandberg Consulting blogwhere it is one of a six-part series on the role of industry associations to advance sustainability.

Conference room image by bikeriderlondon via Shutterstock.An anticipated 50 billion interconnected devices will be deployed by The automotive industry is a leader in this area.

Watch for companies to increasingly leverage Internet of Things (IOT) solutions to improve business operations, and at the same time, make dramatic sustainability gains. Business sustainability is often defined as managing the triple bottom line - a process by which companies manage their financial, social and environmental risks, obligations and opportunities.

Oct 23,  · One of the top trends in corporate social responsibility and sustainability is industry collaboration.. As companies pursue sustainability goals more aggressively, they realize they cannot work in isolation from their economic eco-system.

They need to work with their suppliers, vendors, customers and industry peers.


Sustainable business, or a green business, is an enterprise that has minimal negative impact on the global or local environment, community, society, or economy—a business . This guide will use the EPA’s definition of sustainability, and will emphasize the environmental dimensions of sustainability plans.

Other uses of the term “sustainability plan” may emphasize financial sustainability rather than environmental sustainability. Among the top are managing corporate reputation, capturing sustainability trends in the business portfolio, and committing R&D resources to sustainable products; across industries, the relative importance of each effort varies (Exhibit 6).

Sustainability Business -