Being Sustainable always gives an added advantage to any organization. These advantages can be big or small, but it rightly represents that the organization is truly a leader in health, safety, environment and community. Leadership in all these areas leads to an economic advantage because the organization would have better economic performance through efficient use of resources, fewer problems, better system to identify and deal with risk and also the organization will have a social license to operate. What do all these advantages mean? This advantage means more profits and better acceptance in the society and a preferred company to invest, from the investor’s point of view.
Sustainability initiatives also help a company to evaluate their current performance and establish a baseline for future measurements and improvements; this helps in effective operation with efficient use of resources, less risk and less pollution. Because Sustainable management causes less pollution, it becomes easy for sustainable companies to obtain environmental permits.
I will like to conclude by repeating my statement “It is always cheaper to fix a problem in the first place than fix it after the fire.” Now it is your turn to share your point of view to this question “How Sustainability affects profitability?”