A
new paper published by a group of international academic experts on corporate
responsibility and sustainability offers a new approach to how sustainability
can build innovation and global collaboration across organizations. The paper,
"A New Mindset for Corporate Sustainability," was sponsored by Cisco
and BT. Drawn from respected institutions in China, Singapore, Spain, the United
Kingdom and United States, the academics offer business leaders concise advice
based on a systematic appraisal of case studies, including Cemex, Marks &
Spencer and Shenzhen Water, and prevailing academic thinking on the subject
worldwide. The paper also outlines the 10 steps required for organizations to
become sustainability-driven innovators.
The
new approach, which the academics have named S²AVE (Shareholder and Social
Added Value with Environmental Restoration), emphasizes the role of
sustainability in increasing innovation across the business and maintains that
sustainability should be a strategy rather than an objective. It concludes that
the achievement of sustainability goals does not require extensive
re-engineering of the corporate structure. Instead, it requires conviction and
vision at the very highest levels of the organization so that a set of values
coherent with corporate responsibility and sustainability are instilled
throughout.
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