Related FAQ
Should I voluntarily report publicly what my firm is doing in corporate sustainability?
Shareholders are increasingly expecting their companies to be socially and environmentally responsible and accountable. This is part of being a good corporate citizen, but it is also good business. It can: insulate the firm against public attacks that could hurt share value; protect the firm’s reputation and “license to grow”; give the firm a competitive advantage; and reduce regulatory risks and energy price risks. A firm that is confident enough to make its corporate sustainability a matter of public record is a firm that will inspire confidence in investors, stakeholders, employees and customers.
How will becoming more sustainable benefit my business?
Improving energy efficiency reduces your energy costs thus saving money. Many efficiency measures will pay back their cost within one or two years. Other renewable energy investments may have a longer payback, but with financial incentives, usually pay back in five years or less. An option for companies is to use a power purchase agreement (PPA) to finance a renewable power installation (solar, wind or hydro). With PPAs there is no upfront cost, and power is purchased at an agreed upon fixed rate. All of these measures, and others, reduce your exposure to unexpected utility rate increases and lower your carbon risk. In a broader sense, reducing carbon emissions and other pollutants creates a more sustainable future for everyone.
What is corporate sustainability?
Corporate sustainability (CS) is an evolving corporate management paradigm, an alternative to the traditional growth and profit maximization model. CS recognizes that while growth and profitability are very important, a corporations long-term viability depends on the sustainability of the environment, economy and society in which it operates.