Sustainability helped businesses survive the pandemic
Written by ANNIE ERLING GOFUS.
Companies are scrambling to take action on sustainable practices in response to investor pressure, customer demands, and regulation, but — many executives admit — they are also carefully considering the impact that their company has upon the planet.
Sustainability — within a business context — refers to minimizing the negative impact on the environment and society. The supply chain can account for half of a business’s environmental and social impact, and every element of a company’s supply chain creates some kind of ecological, social, and economic impact. Companies must form a holistic view of their entire organization’s processes, logistics, technologies, and components to create a sustainable approach to any business’ supply chain.
