- In a survey for the
report, 93% of companies recognize the value of embedding CR into business processes yet only 49% of companies confirm that CR is a clear
component of overall company strategy, and 49% or companies do not
believe that they understand what is necessary to do to embed CR into
their business.
- Embedding requires a
simultaneous top-down and bottom-up approach – to ensure consistency
and shared values at the same time as local ownership of issues and
impacts.
- Corporate
responsibility requires communication throughout the process – with
different audiences, for different purposes, using different tools. CR
communications can help to bridge the divide for colleagues and
management, helping them to understand and feel part of the CR agenda.
- Don’t neglect
commercialisation considerations; sustainable R&D needs to be
married up with marketing, so make sure you anticipate challenges in
introducing more sustainable products into your mainstream product
offering, and capitalise on the knowledge and experience of marketing
professionals to guide your efforts.
- A company’s
sustainability risks and impacts – and its CR potential – may be closely
tied to its activities up and down the value chain. Working with raw
materials sourcing, contract manufacturing, logistics, distributors and
customers can greatly increase your control over your CR objectives. For
an increasing number of industries, such value-chain activity is
essential to meeting consumer needs, reducing risk and expanding
opportunity.
- Companies should be
aware of the role of social media in giving voice to stakeholders,
including local communities. Social media allows groups – even small
community groups – to extend and magnify their messages, reaching much
more influential audiences than they might have otherwise.
- Consider how NGO
partnerships can help you meet community needs and aspirations while
making use of your core strengths and position as a business.
- Setting and
delivering on targets requires a fuller implementation plan – a road map
– to bring together a clarification of the company’s objectives with
the physical, financial, human and intellectual resources required to
get there.
- Green lens: Looking
at the business through a different “green lens” means people spot new
opportunities to reduce impacts and costs by less obvious means.
(M&S Case Study)
- Achieve a few early CR successes, and you might be excused for wanting to rest on your laurels. But CR isn’t something that can be “done” and left on a shelf – it’s a continual part of risk management and market creation.
I think one of the key tips given is the importance of both a top down and a bottom up approach. Top down is in my view essential. If there is no support or empathy at Director or Board level, then there is little chance of success. Yet, to achieve measurable success, you need to align this with a strong bottom up strategy. We have experience of this at Greenhouse.
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