Despite the strong business benefits – shown in real life – to become more sustainable, most businesses either do not develop or do not address seriously sustainability goals or treat them as if checking off a box. In some literature, many excuses are given. In this first of many parts, I will examine such a business claim and provide evidence to show that each is not valid for a successful sustainability program developed smartly.
There are no accepted metrics to measure sustainability, so there is no end goal. Also, those that exist are too complex to understand.
Metrics are important in any business program. One cannot manage what does not get measured. Goals without measureable and respected metrics become difficult to achieve or demonstrate that you are achieving. Sustainability initiatives can be difficult to measure because some affect outside society, and may have only minor benefits for the company and employees.
But in response to this, there are a number of metrics and measuring systems that exist to help companies measure their sustainability. Among the more popular ones are the Global Reporting Initiative (GRI) and life-cycle assessments, for which there is an approved ISO procedure (14025) to determine impacts at different levels of a product’s life cycle (from infrastructure and raw materials to consumer use and end-of-life).
In fact, there are so many options that it is important to devote time to determining which ones best suits your business. Which sustainability metric system will provide the most definitive information to your stakeholders and can be integrated with your current business metrics? One must think through which metrics are best suited for a particular industry or size and diversity of entity. Some focus on energy, some on carbon, some on water, and some a combination. Which are most important to your organization?
You need time and thought to invest time to decide which metrics and reporting tools will help you the most benchmark, provide unassailable data and conclusions concerning your operations, allow you to compare reasonably with other similar companies, and identify the areas that need specific improvement.
The bottom line is that there is no simple answer to the right sustainability metrics for you, but that options exist and time and resources should be invested upfront to select the approach best suited for your characteristics and to provide meaningful information.
CCES has the experts to help you research and establish the best sustainability program for your needs that is meaningful and will provide you both useful information and definitive business benefits. Contact Marc Karell today at 914-584-6720 or at karell@CCESworld.com.