The 6 key pillars
Purpose
Setting a clear purpose for your company is the first step towards good governance needed to make responsible decisions for becoming a sustainable business. It is important for companies to communicate their purpose to employees, clients, and shareholders to invoke responsibility needed to promote sustainability in all areas of the company.
People
At IntelliDigest we believe people are the biggest asset of a business. Businesses are responsible for providing human rights within the business and where human rights are impacted by operations, products and any decisions made by the business. A living wage, health and safety, equity and cultural diversity are few examples of the elements we consider crucial for businesses to report on their progress towards social sustainability in their business.
Partnerships
To build a sustainable and peaceful future, it is imperative for businesses, charities and society to partner together. Transparency in the business and communication of the company’s efforts to promote sustainability are important to build beneficial relationships with stakeholders to achieve the common goal of a sustainable future.
Peace
Our world is powered by businesses. Every decision, operation, product, and service have an impact on the society and environment around us. Therefore, it is essential for businesses to closely monitor their impacts on the environment and communities they operate in. As such, businesses should use their power of influence to actively engage with the public to promote peace and sustainable development in the society.
Planet
The pressing global climate crisis caused by anthropogenic activities calls for immediate action by industries to reduce their environmental impact and take steps to become sustainable. Steps such as reduction of GHG emissions, use of non-benign feedstock, a circular product design, using renewable energy and carbon offsetting could help reduce the environmental impact of businesses. Good corporate responsibility is the need of the hour to slow down climate change and environmental degradation.
Prosperity
Sustainability in the social and environmental domains is supported by a functional economy and prosperity. For businesses to be economically resilient, they need to be generating a profit, designing a circular business model, remunerating workers and be capable of paying all its debts. Furthermore, contingencies and buffer mechanism to cope with changes such as economic loss and natural disasters are crucial for economic resilience.
