With a new decade comes a new era of sustainability leadership.
The 2020s herald a pivotal chance to deliver on our great climate, environment and development challenges, and the scale and pace of change will require truly transformative thinking. We will need to move beyond efficiency and doing less harm, and base strategies on new goals that ensure business success also meets the needs of people and the planet. It’s time to step up a gear or three on our journey toward a sustainable future. But what does this mean for how we do business?
At the heart of this shift is a move toward “regenerative” rather than just “less extractive” business strategies. With growing public commitments to “carbon zero” targets, businesses are refocusing on how to work in ways that put back more into society, the environment and the global economy than they take out. This sounds like an abstract goal on the surface, but in real terms, it is a powerful reframing of mindset and action.
Organizations taking this approach share an ambition to grow their brands, have strong financial performance, attract the brightest talent and, most important, be future-fit; but these thriving organizations also deliver benefits that align traditional business boundaries of profit margin and shareholder value with wider societal goals.
One of the most impactful areas for intervention is in agriculture. Any business based on agricultural raw materials is vulnerable to increasing insecurity and volatility of supply, as weather patterns shift and natural resources dwindle.