Sustainability
All businesses are facing increased pressure to demonstrate "Sustainability" awareness and planning as part of their Directors responsibilities under their corporate governance obligations, hence ensuring the ongoing success and longevity of their business. Sustainability in this context is a generic term for the reliability and future proofing of all business processes, and whilst it does include green issues, this is only one of seven areas of corporate responsibility, ranging across all management functions.
However Sustainability compliance does not require the introduction of an additional set of control mechanisms and reports, most companies can demonstrate that they already have in place Policies and Procedures for all functions and activities.
To demonstrate and promote your Sustainability credentials it is therefore only necessary to create a register of existing relevant management controls and reports (such as tender approval procedure) under the seven recognised headings, and provide updates and examples, This can even form the basis of promotional literature if so required.
Brockfield Solutions provide practical guidance and assistance in developing a coherent policy and process, utilising management systems already in place within the company to enable a credible and clear management response to be delivered to customers and employees, to comply with the latest Corporate Governance and City requirements, and raising the company reputation. Typically this would include:
- Agree with senior management the desired objectives
- Align understanding of scope and requirements to comply
- Gap analysis of existing systems and to identify transferable content
- Create the "Sustainability" register
- Benchmark with competitors
- Agree promotion and publication strategy