Define company vision, policies and strategies to include sustainable development — economic prosperity, environmental quality and social equity What can companies do?Steps that the company could take to promote environmental responsibility would be the following: Companies must truly innovate in terms of how they manage their relationship with the environment. Additionally, employees and consumers are increasingly interested in doing business with responsible companies.The challenge for companies is developing an environmentally responsible strategy that keeps them ahead of the pack, helping them maintain an advantageous position in the marketplace.
Measure, track and communicate progress on incorporating sustainability principles into business practices, including reporting against global operating standards. Adopt voluntary charters, codes of conduct and practice internally as well as through sectoral and international initiatives to reach responsible environmental performance Work with product designers and suppliers to improve environmental performance and extend responsibility throughout the value chain Establish a sustainable production and consumption programme with clear performance objectives to take the organisation beyond compliance in the long-term
Management tools (such as environmental management systems and eco-design) and Assessment or audit tools (such as environmental impact assessment, environmental risk assessment, technology assessment, life cycle assessment) Key mechanisms or tools for a company to use include: Ensure transparency and unbiased dialogue with stakeholders.In doing the above, the existence of appropriate management systems is crucial in helping the company to meet the organizational challenge.
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