Building a Business Case for Sustainability: Unlocking Long-Term Value and Resilience

Supply Chain Café by PICS Belgium 26/09/2024: How to compete sustainably in the global market?
Authors & Moderator: Pieter-Jan Degelin, Subject Matter Expert (Moore) & Jason Ashton, Director Supply Chain & Operations – Consulting & Academy (Moore & board member PICS Belgium) 

Sustainability has evolved from a buzzword to a critical component of modern business strategy. Companies that fail to integrate sustainable practices risk being left behind in a rapidly changing world.

Sustainability is now a strategic imperative due to climate-related disruptions and stricter regulations like the EU’s Corporate Sustainability Reporting Directive (CSRD). Businesses must align their goals with environmental and societal good to ensure future resilience. There is even a value-at-risk or a potential competitive disadvantage by not acting timely.

Implementing sustainability can drive value in several areas:

• Cost Reduction: Practices like energy efficiency and waste reduction lower operational costs.
• Risk Mitigation: Sustainable practices help mitigate risks from climate change and resource scarcity.
• Innovation: Sustainable products and services capture new market segments.
• Employee Retention: A strong sustainability strategy attracts and retains top talent.

We can therefore argue that use of blockchain will lead to more sustainable supply chains, because blockchain will make the supply chain more transparent to the customer, allowing suppliers to better “sell” the added value of their sustainable supply chain as well.

To quantify the impact of sustainability, use Moore Belgium’s Holistic Project Impact Scorecard (HPIS), which measures:

• People (Social Impact): Workforce well-being and community development.
• Planet (Environmental Impact): Carbon emission reduction and resource recycling.
• Profit (Economic Impact): Cost savings and new revenue streams.

HPIS helps you in evaluating and selecting the right, most valuable sustainability initiatives.
Reach out to our experts, we are happy to introduce you in more detail to our HPIS tool and process.

Sustainability is not just good for the planet; it’s also good for business. Companies that embed sustainability into their operations benefit from improved efficiency, reduced risks, and enhanced reputation. The time is now to build a sustainable future that ensures resilience, growth, and success.