Modules / KM-04
KT0701 - Business sustainability
Intoduction to Cybersecurity Governance | KT07: Business planning
Business sustainability, also known as corporate sustainability, is the management and coordination of environmental, social and financial demands and concerns to ensure responsible, ethical and ongoing success.
What Is Corporate Sustainability?
Corporate sustainability has become a buzzword in companies big and small. Walmart Stores, Inc. (WMT), McDonald’s Corporation (MCD), and many other corporate giants have named sustainability as a key priority moving forward. Now other corporations are under pressure to commit to finding sustainable ways to deliver their goods and services.
Why is sustainability in business important?
It provides competitive advantagePlacing climate actions in business strategy, showing environment, social and governance impacts and communicating transparently about what you do, give you competitive edge against competitors.