Social Responsibility

Sustainability and Economy

Since the mid-18th century, the rising industrialization led to a dependence on non-renewable energies and overexploitation of natural resources. Especially within forestry this led to concerns about future supplies for the economy. Although today mostly seen as an ecologic factor, the origins of sustainability had economic intentions. Therefore, sustainability strongly depends on both, ecologic and economic factors.

In 2017, the EU passed the Corporate Social Responsibility (CSR) law and additionally, more and more countries discussed supply chain laws. This shows that in the future companies will be legally obliged to take sustainable measures.

For entrepreneurs, it is crucial to prepare these global trends as negative coverage through traditional news is growingly outrun by the influence of social media. Rapidly and with great reach, social media channels can call for boycott actions to cause long-term damage to a company’s reputation.

So how can a company take measures to be more sustainable?

Sustainable Measurement as a Corporate Strategy

An effective corporate sustainability strategy is key. However, this requires more than just a positive branding on social media:

  • optimized and resource efficient logistics
  • multi-tier supply chain transparency
  • knowledge of labor conditions within the supply chain
  • knowledge of long-term market developments and emerging markets
  • reliable suppliers and customers
  • content trade partners and competitive power
  • international cooperation to meet new requirements

Sustainability Measurement therefore becomes a central aspect of successful corporate governance. More than mere eco-conscious actions, these measures make sustainability a foresightful corporate strategy that steels companies for future challenges.

Therefore, how do you exploit your company’s full potential and ensure sustainable actions within your company?

Achieve Long-term Sustainability with ABRAMS world trade wiki

A deciding factor for sustainable acting within your supply chain is a deep knowledge of your upstream and downstream trade flows. It requires logistics that are not only risk-proof, but also profitable. ABRAMS world trade wiki offers with its numerous tools the requirements to understand market developments and to optimize the flow of goods for cost and resource efficiency.

Take measures for a corporate sustainable strategy with ABRAMS.wiki