Can you afford not to build corporate sustainability?

The United Nations have launched sustainable development goals as a blueprint to achieve a better and more sustainable future for all. The goals are addressing the global challenges we are facing including those related to poverty, inequality, climate, environment degradation, prosperity, and peace and justice. The goals interconnect and in order to leave no one behind, it is important that we achieve each goal and target by 2030.

At NoroGard we are convinced that Corporate sustainability has developed from a nice thing to do, -to something we have to do.

Today the world is so well connected it is impossible to act as an individual or a national company on these global challenges. We must act as world citizens and with global business management.

Globally we are a growing and ageing population, today with a population of 7 billion, to estimated 10 billion when we reach 2100. We are rapidly consuming the natural resources and the CO2 emissions are increasing fast.

 

As business leaders, we can not be sat on the fence. It is about time we take action.

But making decisions that are beneficial for the climate is not about sacrifices, it is also good for the economy. Investors today value companies based on financial data, financial reports, market share, sales growth and cash flowing valuation.

-But are investment regulations of today fit for purpose tomorrow?

I believe that in order to valuate a company or a business, we need to include performance metrics such as ESG. Environment as in energy consumption, water availability, waste and pollution. Social as in human capital, innovation capacity, employee engagement, supply chain management, lay bore rights and human rights. Governance as in boards and directors.

In these performance metrics you will find your level of corporate sustainability and today the private sector is paying attention. The CEO´s of the private sector sees growth, innovation, competitive advantage and future importance in these metrics.

At NoroGard we always keep an eye on our energy consumption and waste for economical reasons to save us some money. We also take huge pride in the fact that the equipment we build makes a good impact. We design our products to have a low energy consumption, make sure they are easy to clean to reduce waste of water, and compact built to reduce waste and pollution.

To care for our human resources is common sense and the soul of the company culture, an engaged employee keeps thriving for innovations and improvement.

As a female managing director and entrepreneur I find it obvious that diversity and equality is good for business, as well in the workshop as in the board.

Corporate sustainability is good business and it is about reducing risk for the environment, it is not about making sacrifices. Food, energy and water will be the business to invest in as we will need to feed 10 billion mouths.

 

So, let’s plan for the future, because that is where we are going to spend the rest of our lives!