The sudden jolt to the global economy brought about by the COVID-19 pandemic has brought to the fore the importance of sustainability in business practices and models. Business sustainability strategies recognise the contribution, interdependence and dynamics of social and environmental systems and interactions on operations, products and services. Sustainability approaches allow for the mitigation and management of risks, but also for the creation of innovative or modified products or services that address social and environmental challenges while generating revenue.
In an article published in the Bangkok Post last month, MPG’s Business Sustainability Lead Ambra Gobena explains the philosophy of business sustainability and how it can be applied in governmental and commercial responses to COVID-19. Gobena writes,
“Sustainability approaches today have moved beyond sporadic corporate philanthropy to become the core of operating models and business strategies. Corporate sustainability approaches have been shown to generate revenue, boost brand recognition and loyalty, develop more resilient supply chains, foster employee engagement and improve investment opportunities.”
Read the full article here.
MPG provides advice to businesses on the ways in which sustainability practices can be incrementally adopted such that sustainability becomes the core of operating models and business strategies. For more details on corporate sustainability approaches, please contact us at [email protected].