SII- Sustainable Business Practices
Within the business world, “sustainability” has become a highly publicized goal of many leading corporations. The triple bottom line provides a focus on (1) ecological, (2) social goals, and (3) financial objectives. With (1) in mind, a company might examine the following:
- lifecycle impacts of products and services,
- environmental impact of relationships with suppliers,
- investments in sustainable technologies and processes,
- energy and resource efficiency,
- environmental management systems,
- ecological transportation and distribution strategies, and
- fair use of resources with respect to all species.
Beyond sustainable practices, SII believes that a
company must address its core business model.
For example, a product or service line that either contributes to the
degradation of ecosystems or to the manufacture or distribution of superfluous
or unhealthy products is not sustainable.
Moreover, a sustainable business model must recognize and manage the
impacts of continuous growth on all stakeholders: employees, shareholders, and
the community.