"Sustainable Development is
development that meets the
needs of the present without
compromising the ability of
future generations to meet
their own needs’"
(United Nations, Brundtland
Report, 1987)
"Sustainable Development is
development that meets the
needs of the present without
compromising the ability of
future generations to meet
their own needs’"
(United Nations, Brundtland
Report, 1987)
In the last century, we have focused on shareholder value maximization, and neglected the consequences on society and the environment. We now run out of time: we must act immediately to reverse global warming, social inequalities and all the challenges that arise because of the human activities.
Pursuing an approach that cares about our environment and that creates Shared Value, which includes progress for all stakeholders and counters the environmental and social decline, is a must.
Preserving our natural and social capital doesn’t mean giving up on long-term economic value, we can and must pursue both at the same time.
Sustainability is a chance for companies to take action and be part of the economic and environmental transition that is needed today.
The economic model based on infinite growth and indiscriminate use of natural and social capital has come to an end.
To disrupt this outdated model, we must integrate the three dimensions of sustainability - economic, social and environmental - into the management practices and core values of our organization. To be able to apply them, we need to adapt and rethink our Governance systems.
Sustainability is the new paradigm, the new mindset that needs to be adopted in order to progress and prosper in this era of high Volatility, Uncertainty, Complexity and Ambiguity. Incorporating a sustainable approach to our business means rethinking and adapting our risk management practices, anticipating changes, being aware of the impacts along the value chain, adapting new and inclusive business models, generating positive social and environmental impacts.
