Sustainability
What Is Sustainability?
Sustainability is the responsibility to conserve natural resources and protect global ecosystems to support health and well-being, now and in the future. Because so many decisions that impact the environment are not felt immediately, a key element of environmental sustainability is its forward-looking nature. In fact, it is defined as “meeting today’s needs without compromising the ability of future generations to meet their needs.”
Often, when we discuss sustainability, it is through the environmental or green lens. The reality is sustainability is more than that. At Orange Bloom, we approach sustainability through its three core pillars – environmental, social and governance – or ESG.
3 Core Pillars Of Sustainability
Environmental
Informs how we safeguard the environment,
including policies to address climate change like:
Social
Guides how we manage relationships with employees, suppliers, customers, and the community including:
Governance
Sets out standards on how we operate and
govern our organisation covering:
Why Sustainability is Good for the Planet
Climate change mitigation (i.e. renewable energy, decarbonisation)
Sustainable water use and
wastewater management
Circular economy and resource-efficient model
Climate change adaptation
Natural (terrestrial and aquatic) resource and biodiversity conservation
Pollution prevention
and control
Why Sustainability is Good for Business
Consumer Demand
70% of consumers are willing to pay more for products and services if they protect the environment and don’t infringe on human rights
Brand Stand-out
Sustainable businesses enjoy greater differentiation in their marketplace
Reduced Costs
Sustainable business models tend to have lower costs and increased labour efficiencies
Innovation
The drive to sustainability fuels product innovation
