As Sustainserv celebrates its 20th anniversary, its team has witnessed a long arc in the way companies are integrating sustainability into their strategies, operations and reporting. Originally, sustainability was “the right thing to do,” but many viewed it as an added expense and a hit on profitability. When the concept of “net zero” emerged in … Continued
Client Goal As a leading Canadian manufacturer of organic snacks and dog treats, Riverside Natural Foods has set an ambitious goal of achieving Net Positivity by 2035. One powerful tool to help achieve that goal is establishing a Science-Based Target (SBT), which converts ideas into plans and can galvanize company management with a singular focus. … Continued
For 108-year-old glass packaging manufacturer Vetropack, the integrated reporting (IR) framework serves as the basis for an accurate representation of its holistic business model. This is because Vetropack’s model is geared toward long-term value creation and has long combined financial and non-financial aspects. The switch to integrated reporting was therefore a natural step for Vetropack, … Continued
Earlier this year, the World Economic Forum released the 16th edition of its annual Global Risks Report. In it, authors point to climate change as a continued catastrophic risk, worsened by weakened global cooperation. Among the report’s most major findings is that “climate action failure” is the most impactful and second most likely long-term risk … Continued
Science-based targets (SBTs) are corporate climate goals aligned with the latest scientific consensus and the Paris Agreement on climate change. In place of arbitrary goals such as “25% less emissions by 2025,” SBTs provide a meaningful and comprehensible rationale: What will it take to achieve the Paris target, and what is the “fair” contribution my … Continued
The Task Force on Climate-related Financial Disclosures, better known as the TCFD, is an initiative launched in December 2015 by the FSB (Financial Stability Board), an international body founded, with support from G20 members, to promote international financial stability. The purpose of the TCFD is “to help identify the information needed by investors, lenders, and … Continued
More often than ever before, the case for sustainability is primarily a business one. If you are seeking a resource to provide greater clarity around why choosing sustainability is also choosing profitability and practical approaches that translate sustainability into strategy and action, we suggest “Rethinking Strategic Management: Sustainable Strategizing for Positive Impact,” edited by Thomas … Continued
Requirements to disclose non-financial performance are steadily increasing for companies and their boards of directors. For larger companies, legal requirements are becoming more stringent, while smaller companies are being weighed down by the expectations of their larger customers and financial market partners. Today, it is no longer enough to report a few key figures and … Continued