Integrate sustainability KPIs in the periodic business review - INTERMEDIATE

Cost
LOW
Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
HIGH

To get the most out of measuring and reporting on material topics and to ensure effective integration of the sustainability strategy, the metrics should be integrated into the internal decision-making process:

  • Include sustainability metrics, both financial and non-financial, in periodic dashboards
  • Communicate regularly internally: each business unit or product line manager should be able to analyse their progress and take ownership of their progress
  • Identify opportunities for cost savings and revenue generation through sustainable practices, such as energy efficiency measures or waste reduction initiatives.

This will enable management to keep track of their priorities and sustainability performance and embed a continuous improvement and iterative system towards a more sustainable business model. This is preferable to a more tactical approach with ad hoc decisions or philanthropic activities to keep employees engaged.

Targets and scenarios require regular monitoring and reassessment. As the business forecast and overall strategy change over time, the defined sustainability KPIs will be affected and should be reassessed.

44 trillion USD

of global economic value generation depends on nature and its services
(World Economic Forum)

63% of CEO

shifted corporate sustainability goals to the top of their agenda in 2021

(Ecovadis 2021 Sustainable Procurement Barometer)

ADDITIONAL RESOURCES