Firm’s business strategy, key performance indicators, and decision-making processes consider long-term impacts on profits, the planet, and people.
- Evaluate Long-Term Impact: Assess and proactively address the long-term impacts of business activities on financial performance, environmental sustainability, and social well-being.
- Implement Comprehensive KPIs: Develop and use appropriate key performance indicators (KPIs) that measure success not only in terms of profits but also environmental impact (e.g., carbon footprint, resource efficiency) and social responsibility (e.g., community development, employee welfare). Align KPIs with global sustainability standards, to ensure robust and relevant measurements.
- Set Science-based Targets: Establish science-based goals for reducing greenhouse gas emissions and other environmental impacts, aligning the company’s goals with global efforts to address climate change.
- Prioritize Long-Term Resilience: Make strategic decisions that emphasize long-term resilience and sustainability, balancing immediate gains with future impacts on the planet, people, and profitability.
- Report on Sustainability Outcomes: Commit to transparent reporting of sustainability efforts and outcomes, providing stakeholders with clear and accurate information about the firm’s long-term sustainability impact.