Corporate Sustainability Metrics
Corporate sustainability metrics in a corporation is actually the process used by the organization to run the system of working smoothly and efficiently. It is the terms and tools used and implemented on the employees working in the organization to perform their tasks. These metrics must be efficient and to the point towards the working criteria and efficiency of tasks so that it enhances the performance of working. Employees must be provided with the better facilities and comfortable working atmosphere so that they can utilize their skills best.
Metrics are the tools that measures the benefits while implementation of rules and new techniques in the organizations. Implementing sustainability metrics decreases the cost of working in an organization. When a company is going to publish a sustainability report, it becomes the responsibility of every employee to implement those methods and keep a check on the policies. Companies must first analyze the limits and approaches towards the measurements of implementations of such new policies.
The UN Global Compact’s 2013 global corporate sustainability report states that now a day companies are taking very much interest in enhancing their sustainability reports. In addition, after making these reports a rapid increase in their progresses can be seen. This implementation is complicated and time taking it also can cause failures in the system but it enhances the efficiency of the system as well.
Organizations should keep in view the financial aspects of implementation of methods. The tools, the techniques the material required on hard or soft form and given by the employees. These financial issues are to be kept in mind and some non-financial aspects are important to consider in that are feedback. It provides support to the system and help to increase in its efficiency. (Kubert, 2010)
Supply Chain Management
In supply chain management now a day there is a big pressure from the people who has invested their amount in their businesses. These people are called shareholders, stakeholders, employees and nonprofit people connected to the organization. These people have invested their money in the organization so they have a right to ask about the policies and implementations of that polices in that organization. Supply chain management should implement reports to the investors about the implementation of their money.
Supply chain management should have the knowledge of impact of the policies on their systems. Companies should create their own resources to implement tools and techniques to their organization. Organizations should must evaluate the performance of their suppliers by any mean such as questionnaire, feedback and with a meeting section. Organizations should analyze their every department that whether they are following right code of conduct or not. If not then implement such limitations so that every policy should be implemented accurately and efficiently.
Companies should focus on sustainability within their supply chain, which is the best way to communicate their thoughts, ideas, values and cultures to consumers and suppliers as well. Those companies, which utilize this opportunity, must mention their utilization in their annual report so that new joiners can look at that. This enhances the trust of new comers to the organization.
Communicating sources must be strong enough between the suppliers and company so that not a single point is mixed. Another important and essential part in implementation of sustainability is the implementation of behavioral policies among the suppliers. Suppliers baseline performance improvements should be operated and noted timely so that if any problem came that can be solved immediately. (Wollmuth, 2014)
- Kubert, J. (2010, July 1). Why All Companies Should Track Sustainability Metrics. Retrieved from https://www.greenbiz.com/blog/2010/07/01/why-all-companies-should-track-sustainability-metrics
- Wollmuth, J. (2014, January 24). 6 steps for a more sustainable supply chain. Retrieved from https://www.greenbiz.com/blog/2014/01/24/6-steps-more-sustainable-supply-chain