Companies have always been focused on financial performance and achieving operational excellence. However, many companies are now striving to hold themselves to an even higher standard and it is all around sustainability.
As society evolves, industrial companies have no choice but to keep up with and manage this challenge. Driven by a number of ethical, environmental, health, and safety concerns, organizations are developing sustainability strategies to remain competitive in the market, uphold Corporate Social Responsibilities (CSR), and abide by regulations.
Similar to the topic of operational excellence we touch on so frequently, the complexities and importance of sustainability management are becoming too great for disparate systems and manual processes. Consequently, we’re beginning to see a shift toward a more holistic strategy in terms of people, processes, and technology: Enterprise Sustainability Management (ESM).