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Sustainability – Some Thoughts On Logos/ Symbol.Sustainability – Some Thoughts On Logos/ Symbol. 

 

Please refer my earlier blog for a proposed symbol for Sustainability, based on the root cause analysis of global warming and other problems, for the reduction of which Sustainability intiatives are gaining importance.

 

Just to recollect, Sustainability is defined as, “Development that meets the needs of the present without compromising the ability of future generations to meet their own needs” If it is so, then imperatively, there is a need to measure the present developmental activities and assess its impact in future

 

While population explosion is the root cause of the problem, it cannot be controlled overnight and the next best thing to do is to evaluate the businesses and its processes and find out how good it supports Sustainability indicators.

 

The dimensions that are used to measure sustainability are 3 fold:

Economic,

Environment, and

Society.

 

In a simple way, Sustainability essentially measures how strong the company is financially, how green the products it manufactures and the processes it follows, and how friendly it is to the society including its own workforce.

  

This measurement of Sustainability is performed through quantitative and/or qualitative KPI’s and disclosures, through various frameworks like GRI, DJSI etc. There are various sub-dimensions and these sub-dimensions have their own Indicators and KPI’s defined.

 

 

Dow Jones Sustainability Index: Corporate Sustainability Assessment Criteria

 

 

Dimension

Criteria Weighting (%)
  Economic      Codes of Conduct / Compliance / Corruption&Bribery 6.0
Corporate Governance 6.0
Risk & Crisis Management 6.0
Industry Specific Criteria Depends on Industry
     
Environment   Environmental Reporting* 3.0
  Industry Specific Criteria Depends on Industry
     
         Social   Corporate Citizenship/ Philanthropy 3.0
Labor Practice Indicators 5.0
Human Capital Development 5.5
Social Reporting* 3.0
Talent Attraction & Retention 5.5
Industry Specific Criteria Depends on Industry

*Criteria assessed based on publicly available information only

 GRI:

Dimensions

Aspects

Economic Performance Indicators

 

Economic Performance

Market Presence

Indirect Economic Impacts Core

  

Environmental Performance Indicators

 

Materials

Energy

Water

Biodiversity

Emissions, Effluents, and Waste

  

Labor Practices and Decent Work

 

Employment

Labor/Management Relations

Occupational Health and Safety

Training and Education

Diversity and Equal Opportunity

  

Human Rights Performance Indicators

 

Investment and Procurement Practices

Non-discrimination

Freedom of Association and Collective Bargaining       

Child Labor

Forced and Compulsory Labor
Security Practices
Indigenous Rights
  

Society Performance Indicators

 

Community
Corruption
Public Policy
Anti-Competitive Behavior
Compliance
  

Product Responsibility Performance Indicators

 

Customer Health and Safety
Product and Service Labeling
Marketing Communications
Customer Privacy
Compliance

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Just have a look at the GRI Indicators, it will give a brief idea of how the mandatory disclosures will help one assess the company holistically on it risks and opportunities.

 

I plan to put forth some thoughts on Integration of SAP SuPM with other modules.  

 

For the sustainability initiatives at ITC please refer:

http://www.itcportal.com/sustainability-report-2009/page-01.asp.

Disclaimer: The opinions expresses in this blog are purely my personal opinions and has no legal liability on my employer or affiliates or parent organization. 

Reference:

http://www.sustainability-index.com/07_htmle/assessment/criteria.html

http://www.globalreporting.org/ReportingFramework/ReportingFrameworkDownloads/

http://help.sap.com/saphelp_supm75/helpdata/en/4b/b83f9a08154925aac2b912419ed7cb/frameset.htm

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