Shared Value. What are the Chances for Business in regard of sustainability? Michael E. Porter, a well acknowledged business professor from Harvard University, explains in this video how businesses can solve our biggest environmental and social problems on Earth while profiting from it! )
This report by McKinsey brings it to the point. It summarizes how sustainable businesses profit in five categories:
1) Top-line growth 2) Cost reductions 3) Regulatory & legal interventions 4) Productivity uplift 5) Investment & asset optimization.
Additionally, we recommend the “IPCC Climate Science Business Briefings”, which give sector specific insights about how climate change is affecting business. It will help you to build the business case for action.
Are there specific examples of how businesses profit from becoming sustainable? Of course, there are! Here is one wonderful example which we would like to share with you: The Circular Economy Case Study of Jaguar Land Rover, Novelis, Innovate UK and partners. “REALCAR has proven to be a resounding success, delivering financial and environmental benefits to both Jaguar Land Rover and Novelis.”
Do you have an even more inspiring example? Please, contact us and let us know!
(Picture by Visual Stories || Micheile, Unplash)