ESG Guide Corporate sustainability

Green business: the economic scenario of sustainable business

Green business refers to the practice of conducting business operations in an environmentally responsible and sustainable manner. It involves adopting strategies and initiatives that minimize negative impacts on the environment, preserve resources, and promote sustainable development.

Green businesses actively seek to reduce their carbon footprint by implementing energy-efficient practices, utilizing renewable energy sources, and adopting eco-friendly technologies. They also prioritize waste reduction, recycling, and responsible disposal methods.

Furthermore, green businesses often emphasize social responsibility by promoting fair labour practices, supporting local communities, and contributing to social causes. By operating as green businesses, organizations aim to not only mitigate environmental harm but also create a positive impact on society and foster a sustainable future.

 

Read more about the economic scenario

Corporate sustainability

Sustainable business model: the strategic role of ESG

When it comes to sustainable transition, one of the first areas that companies need to analyse is their business model. Indeed, the sustainability of the business model is the foundation on which not only the success of the organization's sustainability strategies depends, but also its competitiveness and, before that, its very viability over time. In reference to the business model, in fact, sustainability indicates not only the impact of the company and its operations - and those that occur upstream and downstream its supply chain - on the environment or communities where the company is located, but also the economic sustainability of the model over time. This analysis, as well as the work to streamline and improve the critical issues detected, must consider all aspects that impact the company's business model, as well as all areas impacted by the company. In this journey, ESG plays a primary role, as it helps companies to identify those issues and areas where they need to focus on to monitor current performance and develop strategies for improvement.

13/06/2023
Corporate sustainability

Sustainable supply chain: why ESG is a matter of partners

There is no sustainability strategy that can avoid considering what happens along a company's supply chain. In fact, we know that about 90% of a company's carbon emissions are generated along the supply chain. Despite this, while the number of companies measuring the direct impacts of their operations is increasing, there are still few that measure the impacts associated with everything that happens along the supply chain. This situation is often generated by an undefined and unstructured approach to measuring ESG performance, including unclear governance and accountability, as well as the failure to monitor relevant KPIs. However, failure to monitor supply chain sustainability often comes from the scale of the project. Large companies, for example, are often characterized by long and complex supply chains, which make assessing suppliers’ ESG performance a huge challenge. That is why when it comes to a sustainable supply chain, it is important to rely on the right partners who can help the company deal with all these complexities.

13/06/2023
Corporate sustainability

The role of ESG solutions in sustainability management

In recent years, properly measuring and communicating one's ESG performance has become a competitive lever for companies. However, while the adoption of sustainability-related practices is becoming more common among companies, measurement and governance issues still pose major challenges for many organizations, especially SMEs.

04/04/2023
Corporate sustainability

From sustainability to business: the new SMEs environment

Small and medium-sized enterprises (SMEs) play a vital role in the global economy, contributing to job creation and economic growth. SMEs account for 90% of businesses worldwide and more than 50% of global employment. In Europe, such statistics are even more impacting as SMEs represent 99.8% of private companies and more than 60% of employment.

27/03/2023
Corporate sustainability

What is climate finance and how it can impact our business

Climate change poses significant risks to businesses around the world. Extreme weather events, such as floods, droughts, and hurricanes, can disrupt supply chains and cause widespread damage to infrastructure. Rising sea levels can threaten coastal properties and infrastructure, while increasing temperatures can impact worker health and productivity. Failure to address these risks by companies leads them to lose market share and profits, as consumers and investors demand more environmentally responsible practices.

20/03/2023
Corporate sustainability

Combining smart digital & sustainable solutions to change the market paradigm

The banking sector has a transformative role to play as a catalyst and enabler of a systemic acceleration towards a more sustainable economy, with the challenging mission of rapidly inducing change in consumer, lender and investor behaviour, and perhaps more importantly, in the broader society as a whole. The Horizon 2020 Energy Efficient Mortgages Initiative (EEMI) Bauhaus model is intended to support this process and build a new methodological approach to propose a strategic harmonic roadmap to accelerate the green and social transition.

14/02/2023
Corporate sustainability

Why supply chain sustainability writes new rules for SMEs

A sustainable supply chain requires an integrated approach that involves all aspects of the supply chain, from sourcing to delivery. Every large company’s sustainability effort is tied to their ability to partner and support improvements in small and medium-sized enterprises (SMEs) along the entirety of their supply chain. On their side, SMEs can take the lead and embrace specific initiatives to promote sustainability in their supply chain, seizing a unique opportunity to stand out along the value chain.

31/05/2023
English italiano