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Market Research Report

How Environmental Sustainability Offers a Strategic Priority for Businesses

Published by Guidehouse Insights (formerly Navigant Research) Product code 907381
Published Content info 11 Pages
Delivery time: 1-2 business days
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How Environmental Sustainability Offers a Strategic Priority for Businesses
Published: August 19, 2019 Content info: 11 Pages
Description

In 2019, there is increased interest within organizations to become more environmentally sustainable. Corporate leaders face a host of pressures to implement sustainability initiatives. Consumers are more discerning of companies' dedication to sustainability and use it as a factor when making spending decisions. Investors are also becoming more environmentally-conscious, divesting from carbon emissions-intensive companies and investing in organizations with lower carbon footprints. In addition, an ever-expanding patchwork of regulations at the international, national, state, and local levels impose new demands on companies. More than ever, businesses have a significant strategic interest in reorienting their business strategy and operations to become more environmentally sustainable.

However, organizations still have difficulty incorporating sustainability into their strategy and operations. The reasons for this are threefold: First, many organizations do not have a clear understanding of environmental sustainability, making it difficult to set defined and measurable goals as well as a plan of action. Second, organizations do not hold senior executives accountable for achieving sustainability goals. Third, organizations are unable to effectively engage employees to enact sustainability initiatives. It will be crucial to solve these obstacles as companies strive toward sustainability.

This Navigant Research report identifies key barriers preventing companies from effectively operationalizing sustainability projects. It also provides examples of successful corporate environmentally sustainable practices. This includes discussion of technology, supply chain assessment, and marketing. The report outlines specific strategy recommendations for companies in the initial stages of implementing these initiatives.

Key Questions Addressed

  • What are the factors driving increased interest in corporate environmental sustainability?
  • What is the definition of sustainability?
  • What is a science-based target?
  • What corporate operations and processes would need to be modified to achieve sustainability goals?
  • What is an environmental, social, governance (ESG) framework?
  • How can companies engage employees to operationalize sustainability goals?
  • How can companies hold senior leadership accountable to achieve sustainability targets?

Who Needs This Report

  • Sustainability leaders
  • Corporations
  • Nongovernmental organizations
  • Investor community
Table of Contents
Product Code: SI-CSOBP-19

Table of Contents

Spark

Context

Recommendations

Factors Driving Interest in Corporate Environmental Sustainability

  • Defining Sustainability
  • Changing Stakeholder Expectations Forces Companies to Adopt Sustainability Initiatives
  • Prevalence of Climate-Related Risks Threatens Global Operations
  • Increased Pressure from Regulatory Agencies and NGOs

Organizational Changes Required to Achieve Sustainability Goals

  • Investments in Energy Efficient Utility Technologies
  • Supply Chain Impact Assessment and Program Development
  • Reorienting Marketing and Sales Strategies
  • Recalibrating Strategic Decision-Making Frameworks

Organizational Approaches to Implementing Sustainability Measures

  • Holding Senior Leadership Accountable
  • Motivating Stakeholders to Implement Sustainability Measures
  • Engaging Employees to Be Partners in Sustainability Targets
  • Taking the First Steps

List of Charts and Figures

  • Three Pillars of Sustainability
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