Monday, January 5, 2015

By Design, Not by Default

For a long time, there has been a major assumption about Sustainability in business. Not always explicitly stated, but clearly communicated through actions taken by the majority of businesses: Sustainability should happen by default.

Whether through the power of intrinsically-motivated leadership or due to the nature of the industry, some companies just "get it". Outsiders assume these leading companies default to sustainable actions - seemingly at odds with stakeholder interests or other business goals. 

Other companies wait until their hands are forced, by bad press from negative consequences of unsustainable practices or other means. These companies ignore sustainable options until they are in the middle of controversy and must respond quickly, without preparation, and often under the scrutiny of the public eye. 

But as a whole, people are beginning to recognize that true sustainable business practice must happen by design and not be default. Those first companies succeed not because they stick to sustainability despite good business sense - it is because they have incorporated sustainability into the core of their business strategy. Sustainability is a lens through which we can view our business practices and make decisions not to the detriment of stakeholder value, but to enhance everything we do as value creators. 

The other kind of company may not have holistically implemented sustainability into its business strategy - but still is beginning to recognize the value of considering sustainability as a highly effective method of risk management, as a tool for capturing more customer value through marketing, as a longer term and truer financial valuation of the company not just in the snapshot of today but as it will exist ten years in the future. 

So, wherever you are of the spectrum of completely integrating Sustainability into your business strategy or just looking to explore how sustainability can enhance your business strategy, grab your drafting pencils and blueprint paper. As in building anything else, constructing Sustainability into your business strategy starts from the foundation. It is a material with which we use to build structure and strength into our businesses - not a coat of green paint we apply liberally to the outside whenever green is en vogue. Sustainability ensures we will succeed, sustain, and thrive well into the future. 

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