Post by account_disabled on Feb 14, 2024 6:19:08 GMT -5
The gap between intent and impact in sustainability programs is a worrying phenomenon. Despite the growing recognition of the importance of sustainability, reality shows us that 98% of programs of this type fail, according to research by Bain & Company .
This surprising fact leads us to reflect on the reasons behind these failures and how we can address them effectively. At a time when business sustainability plays an essential role in mitigating negative impacts socially and environmentally, and promoting responsible practices, according to The Banker .
What is a sustainability program?
Before continuing, let's start by pointing Bahrain Phone Numbers List out what a sustainability program is, broadly speaking. It is a strategic and systematic initiative implemented by an organization with the objective of integrating responsible environmental, social and economic practices in all its operations and activities.
These programs seek to balance the satisfaction of present needs without compromising the ability of future generations to meet their own needs, following the principles of sustainable development.
Depending on the sector and its environmental and social implications, a variety of initiatives are usually included that can range from the implementation of eco-efficient practices and the reduction of the carbon footprint to the commitment to local communities and the adoption of ethical standards in the chain. of supply.
An essential component of a sustainability program is the measurement and transparent disclosure of impacts and progress, often through sustainability reports or Corporate Social Responsibility (CSR) reports.
Key stumbling blocks why sustainability programs fail
Many companies have established sustainability goals aligned with global initiatives such as the United Nations Sustainable Development Goals . Reflecting on failures is essential to evaluate whether current strategies are effectively contributing to these objectives and to adjust them accordingly.