31 Jul '13, 1pm

Setting #Sustainability Goals ‘Improves Bottom Line’ -

Companies should set multi-year, organization-wide goals. Sustainable development requires long-term thinking, so multi-year goals, coupled with annual targets and milestones most effectively drives performance. In the most sophisticated companies, a goal leader supported by multi-disciplinary teams manages each corporate sustainability goal. Robust, business-focused progress monitoring processes are critical. Sustainability leaders that employ robust processes to help set, monitor and track progress, with regular reporting to executive leadership, were more successful in making sustainability a top agenda item for their boards. An increasing number of companies tie executive compensation to sustainability goals. Stakeholders should be involved in goal setting. The goal-setting process brings most business value when it involves a broad group of stakeholders. Internal stak...

Full article: http://www.environmentalleader.com/2013/07/31/setting-sus...

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