4.28.2010

The Sustainability “Megatrend”

It’s common knowledge that sustainability is a big deal. It is a multidimensional issue that impacts all sectors of society. Companies wrestle with how they are going to respond beyond the obvious of energy conservation and waste reduction, when sustainability begins to blur with corporate social responsibility (CSR).

Some direction and insights are provided in an excellent article, “The Sustainability Imperative: Lessons for Leaders from Previous Game-Changing Megatrends,” by David Lubin and Daniel Esty. This article frames sustainability in ways that allow organizations to take actionable steps to impact their sustainability efforts (Harvard Business Review, May 2010).

Many readers are familiar with Esty’s landmark book, Green to Gold, and his work in the environmental policy arena. He evolves the ideas presented in Green to Gold in the “Sustainability Megatrends” article. Lubin and Esty assert that the current sustainability movement can be viewed as a megatrend, as popularized by John Naisbitt in 1982. As such, there are lessons that companies can learn by examining other megatrends, such as IT and quality. Read More

3.26.2010

An Externalities Framework to Develop Sustainability and CSR Strategies

Since the 1987 Brundtland Report, which put sustainability on the business map, the Rio Conference in 1992 and its famous declaration, and the concept of a “triple bottom line” put forth by John Elkington in 1994, issues related to sustainability have expanded as a central topic in corporate boardrooms and business strategy. Along the way, sustainability ideas and concepts have morphed into the broader area of corporate responsibility (numerous terms are used to describe this: corporate citizenship, corporate social responsibility, and social responsibility).

As an important and rapidly evolving area, there is a wild-west quality to defining, executing, and measuring sustainability and CSR initiatives. Commonly identified sustainability issues include: reduction of energy use, carbon-generation, waste, etc. Some CSR norms, sustainability issues, child-labor issues, and good EHS practices have gained general acceptance—but CSR, especially, is still a very fluid area. The CSR (or SR) ISO activities (ISO 26000) might help, but it will take many years for this to fully flesh out. Read More

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