Social Responsibility – CSR

Social responsibility and sustainability are business aspects, which have developed from being desirable but often unprioritized to become key factors of modern business development practice.

Long-term focus on sustainability is key to competitiveness and business success.

Today’s leading organizations recognize that sustainability is an essential aspect of their business strategies for growing and protecting enterprise value. In fact, a company’s sustainability strategy can help it enhance revenue and brand value; engage with key stakeholders (such as employees and communities) to protect their license to operate, reduce costs, and increase operational efficiencies; and manage risk. Sustainability Strategy 1.0 focused on embracing opportunities and managing risks from economic, environmental, and social developments. Sustainability Strategy 2.0 takes this further to help create value by proactively identifying how sustainability opportunities and risks flow through the extended value chain and then using that knowledge to drive innovation and develop long-term strategies. Companies can use a mapping tool designed specifically to provide a strategic assessment into the relationships within this extended value chain as a way to promote innovation and create long-term value.

Today’s leading organizations recognize that sustainability is an essential aspect of their business strategies for growing and protecting enterprise value. A company’s sustainability strategy can help it enhance revenue and brand value, reduce costs, and increase operational efficiencies, and it can also help in managing risks and in engaging with key stakeholders (such as employees and communities) to protect their license to operate.

Basic sustainability strategy is focused on embracing opportunities and managing risks from economic, environmental, and social developments. Sustainability strategy can be taken further to help create value by proactively identifying how sustainability opportunities and risks flow through the extended value chain and then using that knowledge to drive innovation and develop long-term strategies.

Nestor offers several consultancy services to assist companies and organisations in their sustainability work. Our ambition is always to adapt our services to the requirements of each individual customer, but our basis is our own ‘road map’ which defines a sequence of logical steps towards social responsibility and sustainability.