In its earliest iterations, Sustainability 1.0, was defined by optics and idealism. Sustainability work was well-intentioned, made up of big ideas and often over-zealous ambitions that could rarely be met due to it being underpowered and unrealistic.
In the last few years, faced with serious external threats to longevity, security of supply and more, sustainability has shifted into phase 2.0, a new era where resilience is key, and making an impact while increasing value is front of mind for leaders. Companies have begun to work out how sustainability can become part of the commercial objectives of a business, from supply-chains, to brand love to cost-efficiency and beyond. But making this transition has not been straightforward. And for 2/3 of respondents, the biggest barrier for sustainability performance still remains commercial & strategic alignment.
Still, there are reasons to be optimistic. We're seeing that the companies who 'do' sustainability in a way that stands out, treat it as much more than a compliance function, and more even than an approach to business resilience. For these companies, sustainability is a lever for growth and innovation, and a point of view that breathes long term hope into businesses with optimism and a vision that lets companies survive - and even thrive - in the long run.