Business and Sustainable Development
Sustainable Development has become a priority for businesses across the globe. Since corporations are vital organs of society, corporate interests must serve societal concerns. Such a focus of corporate interest will eventually transform into multifold business advantages:
Cost and Risk Reduction
Adopting principles of eco-efficiency such as reducing the use of materials and energy, minimising toxic dispersion and service intensity, recycling materials and increasing product durability will enhance profitability whilst simultaneously reducing damage to the environment.
Reputation and Legitmacy
Being recognised by society and stakeholders as businesses committed to practices that promote sustainability across the Triple Bottom Line.
Innovation and Respositioning
Retaining leadership in a highly competitive business environment through continuous repositioning and a process of ‘creative destruction’.
Clean Technologies
Giving businesses a competitive edge by optimising use of natural resources and deploying clean technologies to reduce damage to the environment.
Growth Trajectory
The base of the economic pyramid remains underserved, offering tremendous growth opportunities through an innovative combination of economic and social performance.