Why Getting Certified To Sustainability Standards Is A Game Changer

1.Why choose Sustainability standards?

Sustainability is crucial to create long-term high value in the manufacturing system; sustainable value creation requires systems thinking in order to maximize total value captured.

Benefits of including a sustainability agenda in organization’s strategy will vary from company to company, but generally they can be listed as follows:

• Brand protection and risks mitigation: Being involved in improper practices damages company’s reputation and will costs it customers.
• Growing Market for Sustainable Goods: Nielsen’s study shows that the majority of global consumers are willing to change their consumption habits to lessen their negative impact to the environment (Nielseniq.com).
• Increasing efficiency: Research shows that a sustainability strategy reduces costs and increases the top-line of the company.
• Attracting and engaging talents: For talent recruitment and retainment, it is highly important what a company is doing for sustainability. (for additional information, visit “The Power of Purpose: The Business Case for Purpose…” on Forbes.com)
• Creation of new business opportunities: The main driver for most of the companies when introducing sustainability strategy is their new opportunities expectations.
• Improvement of relations with the government and the local community: Transparent and sustainable activities may help get tax incentives and subsidies as well as support from the local community.
• Fostering of innovation: Sustainability is driving innovation by introducing new ways to utilize key resources – energy, carbon, materials, water, and waste.

More and more investors are adopting Sustainability standards, such as ISO 14001 and ISO 50001, as a tool to evaluate potential investments alongside traditional financial analysis.

According to a report by PWC, the practice of Sustainability investing has grown over the last few years. The report states that the Sustainability asset pool will continue to grow rapidly and become essential in the investment process in the coming years (pwc.com).

The growth of Sustainability investing can be boiled down to three main reasons:

• The world as we know it is changing.
• The next generation of investors are changing the way investment works.
• Data and analytics have evolved to provide more information than ever.

To learn more about the Sustainability options offered by DQS, contact us for more information. We are happy to help you find the standard that works best for your unique organization. Our DQS Academy also offers ISO 14001 and ISO 45001 courses for organizations that are just beginning their sustainability implementation journey.