Written by

Bernard Marr

Bernard Marr is a world-renowned futurist, influencer and thought leader in the fields of business and technology, with a passion for using technology for the good of humanity. He is a best-selling author of 20 books, writes a regular column for Forbes and advises and coaches many of the world’s best-known organisations. He has over 2 million social media followers, 1 million newsletter subscribers and was ranked by LinkedIn as one of the top 5 business influencers in the world and the No 1 influencer in the UK.

Bernard’s latest book is ‘Business Trends in Practice: The 25+ Trends That Are Redefining Organisations’

View Latest Book

Follow Me

Bernard Marr ist ein weltbekannter Futurist, Influencer und Vordenker in den Bereichen Wirtschaft und Technologie mit einer Leidenschaft für den Einsatz von Technologie zum Wohle der Menschheit. Er ist Bestsellerautor von 20 Büchern, schreibt eine regelmäßige Kolumne für Forbes und berät und coacht viele der weltweit bekanntesten Organisationen. Er hat über 2 Millionen Social-Media-Follower, 1 Million Newsletter-Abonnenten und wurde von LinkedIn als einer der Top-5-Business-Influencer der Welt und von Xing als Top Mind 2021 ausgezeichnet.

Bernards neueste Bücher sind ‘Künstliche Intelligenz im Unternehmen: Innovative Anwendungen in 50 Erfolgreichen Unternehmen’

View Latest Book

Follow Me

How To Become A More Sustainable And Resilient Company

10 June 2022

Amidst the growing climate crisis, many of us want to do our bit and make more responsible buying choices. Indeed, two out of three consumers can now be categorized as “belief-driven buyers,” and more than two-thirds expect brands to care about environmental issues. Therefore, brands that want to remain relevant must embrace sustainability and eliminate, or at least reduce, the environmental costs of doing business.

How To Become A More Sustainable And Resilient Company | Bernard Marr

Reducing supply chain emissions

The supply chain is an obvious place to start. According to the World Economic Forum, eight supply chains account for more than 50 percent of global greenhouse gas emissions: food, construction, fashion, fast-moving consumer goods, electronics, automotive, professional services and freight. If companies in these sectors can address their supply chain emissions, they will create a bigger impact than solely focusing on their direct operations and power consumption. They can multiply their climate impact, in other words – with only a marginal increase on product costs, according to the WEF. Of course, I’d also encourage businesses outside of these sectors to look at reducing their supply chain emissions.

What does this look like in practice? The WEF insight report linked above sets out steps to decarbonize the supply chain, but let’s explore a few brief examples of companies that are doing this in practice:

  • Danone runs a training program for farmers, designed to help them move to sustainable farming practices.
  • Google helps its suppliers identify energy efficiency opportunities, and helps them to implement these opportunities.
  • Apple has a Supplier Clean Energy Program, through which it is directly investing in renewable energy generation. The company aims to achieve 100 percent clean energy in its supply chain by 2030.
  • H&M and Maersk have worked together to develop an initiative that uses biofuels to enable low-carbon shipping of H&M products.
  • Steel manufacturer SSAB partnered with utility company Vattenfall and mining company LKAB to enable the production of fully emissions-free steel.
  • Walmart developed a supplier engagement program to help suppliers set their own emissions reduction targets and take practical steps to achieve those goals.

For me, sustainability isn’t just about your environmental footprint, but also your social footprint. In other words, how your company treats others in the supply chain matters. Dutch chocolate brand Tony’s Chocolonely is a shining example of how businesses can reduce the true social costs of doing business. For example, Tony’s is working to make the cocoa industry fair trade and free from slavery and child labor. The company also partners with non-profit Justdiggit to restore and regreen dry lands in Africa, where the majority of cocoa beans are grown.

Looking beyond the supply chain

There are plenty of other ways organizations can boost their sustainability:

  • Understand your current impact. For example, you can examine your energy usage and water intake, and work with energy and water providers to cut your usage.
  • Switch to renewable energy. This is one of the most powerful ways your business can make a difference.
  • Reduce waste, reuse and recycle. From reducing energy waste to recycling materials like paper and plastic, there are many ways to reduce, reuse and recycle across the organization.
  • Audit the products, materials and services you use and switch to sustainable alternatives. From the toilet roll in employee toilets and the products used by cleaners, to your web hosting provider, shipping vendors and software providers – there’s often a carbon-neutral alternative out there.
  • Switch to sustainable packaging for your products. Compostable packaging is ideal. Recyclable packaging at a bare minimum.
  • Allow people to work remotely, where appropriate, because fewer people traveling for work means lower emissions. And where you do expect people to travel to work, offer them incentives to travel by bike or public transport (bike loans, season ticket loans, subsidized fares, etc.).

From sustainability to resilience

There’s no question in my mind that building a sustainable business is central to long-term survival and success. Therein lies the link between sustainability and resilience – after all, resilience is all about building a company that can survive into the future.

It’s an interesting time to be thinking about resilience. 2020 was a hugely disruptive year for society as a whole, with a worsening climate crisis and political and social unrest on top of a global pandemic. For businesses, it was a year that challenged the very concept of what it means to be “prepared.” Couple these ongoing challenges with rapid technological advancement and I believe we’re now entering an age where businesses will regularly face disruption of one kind or another. Indeed, a global survey by Deloitte revealed six out of 10 business leaders believe we’ll see either occasional or regular business disruption going forward. Which makes resilience more important than ever.

Cyber-resilience and digital advancement are key to resilience in the 21st century. During the pandemic, organizations that were able to pivot to digital channels or accelerate their digital transformation were clearly better equipped to survive. But what if the next pandemic is a digital one – a virus that takes down the internet, for example? If that were to happen, businesses with a physical infrastructure would be better equipped to survive, while those solely reliant on digital channels would face a major existential threat. Therefore, resilience in the fourth industrial revolution may mean balancing digital with other channels. As I said, it’s an interesting time to rethink resilience, and consider what resilience will mean going forward.

Business Trends In Practice | Bernard Marr
Business Trends In Practice | Bernard Marr

Related Articles

Why Every Business Needs A Digital-First Strategy

Channel digitization is nothing new. Most companies have already embraced digital routes to market, such as websites and social media.[...]

What Are the Qualities of an Authentic Leader?

Customers are seeking meaningful connections with brands, and employees want real relationships with their leaders.[...]

The Biggest Cyber Security Risks In 2022

Both the global pandemic and, more recently, the war between Russia and Ukraine have brought the threat of cyber-attacks on individuals, businesses, and nations into sharp focus.[...]

The 6 Best Examples Of Purposeful Businesses

Why does your business exist? Do you have a meaningful purpose that people can connect to? Find out why having a purposeful business is important.[...]

Poker Players Go “All In” on Artificial Intelligence

Some of the world’s greatest poker players have a secret weapon up their sleeve these days: It’s artificial intelligence.[...]

3 Critical Questions to Ask During Your Next Performance Review

Learn how to turn your performance reviews into productive, two-way conversations with these three critical questions.[...]

Stay up-to-date

  • Get updates straight to your inbox
  • Join my 1 million newsletter subscribers
  • Never miss any new content

Social Media

0
Followers
0
Followers
0
Followers
0
Subscribers
0
Followers
0
Subscribers
0
Yearly Views
0
Readers

Podcasts

View Podcasts