By Dr. Martin Baitz, Dr. Robert Gabriel and Dr. John Heckman, thinkstep AG
Companies today are challenged to consider people and the planet in decision-making. If knowledge is power, as the adage goes, then the amount of information required for operating a sustainable business has grown exponentially.
Sustainability information spans operations, buildings, products and supply chains and resides in many shapes and forms inside the organization and across its value chain. Once captured, this information empowers enterprises to improve the use of raw material, energy and resources and to reduce carbon emissions and waste. Think of it as managing “Enterprise Sustainability Performance (ESP)” - a way to create savings, reduce risk and build a key competitive differentiator for organizations that are successful at it.
Sustainability content from external sources can be a powerful tool for understanding a company’s current performance relative to peers or for screening for risks and opportunities across operations and the supply chain. Third party sources such as voluntary reporting platforms, industry associations, standardization bodies and sustainability reports published by big and small organizations in all industry sectors provide sustainability reference data.
This whitepaper reviews three types of sustainability content: impact profiles, performance benchmarks and best practice libraries and looks at the rules and pitfalls in leveraging them for managing your ESP.
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