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SUSTAINABILITY for Your
Business
SUSTAINABLE DEVELOPMENT: Making business decisions that
protect the environment, improve society, and provide economic
development.
It is advisable to adopt a clear and concise, ‘sustainability
strategy’- as it makes good business sense and allows you to
stand out amongst competitors.
WHY is Sustainability Important for Business?
Adopting a sustainability strategy can:
 Reduce energy costs
 Enhance brand reputation
 Increase customer and staff loyalty
 Improve risk management
 Improve internal and external business relationships
Defining ‘CSR’
Corporate social responsibility (CSR) is about
businesses voluntarily taking responsibility for their
actions, their environmental impacts, their community
and their people.
What Does CSR in Business Involve?
• Improving value and considering its effects on society and the
environment.
• Engaging customers and everybody else who is involved with the
running of the business.
• Setting tangible targets and goals, and reporting on them.
• Cutting costs by minimising waste.
• Minimising business risks.
• Improving the promotion of the business and its services.
• Better reporting to enhancing transparency for investors.
How Does CSR Help a Business?
• Recruit and retain employees.
• Separate the business and its services in the minds of consumers
and business partners.
• Reduce reputational risk.
• Avoid legislation intervention in the business through taxation or
regulations.
Developing a Sustainable Strategy
Accountants have a strong role to play in developing and
maintaining a sustainability strategy.
Any plan or policy needs to be measured and communicated,
accountants can provide high quality information and engage in other
sustainability related activities – they are therefore ideally qualified to
facilitate such policies.

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Sustainability for Your Business

  • 2. SUSTAINABLE DEVELOPMENT: Making business decisions that protect the environment, improve society, and provide economic development. It is advisable to adopt a clear and concise, ‘sustainability strategy’- as it makes good business sense and allows you to stand out amongst competitors.
  • 3. WHY is Sustainability Important for Business? Adopting a sustainability strategy can:  Reduce energy costs  Enhance brand reputation  Increase customer and staff loyalty  Improve risk management  Improve internal and external business relationships
  • 4. Defining ‘CSR’ Corporate social responsibility (CSR) is about businesses voluntarily taking responsibility for their actions, their environmental impacts, their community and their people.
  • 5. What Does CSR in Business Involve? • Improving value and considering its effects on society and the environment. • Engaging customers and everybody else who is involved with the running of the business. • Setting tangible targets and goals, and reporting on them. • Cutting costs by minimising waste. • Minimising business risks. • Improving the promotion of the business and its services. • Better reporting to enhancing transparency for investors.
  • 6. How Does CSR Help a Business? • Recruit and retain employees. • Separate the business and its services in the minds of consumers and business partners. • Reduce reputational risk. • Avoid legislation intervention in the business through taxation or regulations.
  • 7. Developing a Sustainable Strategy Accountants have a strong role to play in developing and maintaining a sustainability strategy. Any plan or policy needs to be measured and communicated, accountants can provide high quality information and engage in other sustainability related activities – they are therefore ideally qualified to facilitate such policies.