While the word “sustainability” might make one initially think of the environment, it actually means so much more. In today’s business world, sustainability encompasses people, planet, and profits. Industries are turning to sustainability to better understand how changes in prices in energy and other commodities impact their bottom line. Sustainable businesses are also able to demonstrate increased market share while reducing costs and expensive employee turnover.
Sustainable business practices don’t only examine the manner in which your company does business; it also looks at how others in your supply chain are conducting business and the impact that has on your profits.