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
