SUSTAINABILITY - IHRM...Sustainability 3 Development that meets the needs of the present without...
Transcript of SUSTAINABILITY - IHRM...Sustainability 3 Development that meets the needs of the present without...
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OCTOBER
2018IHRM Conference Presentation
SUSTAINABILITY
&
REPORTING
Creating an African Narrative for Sustainability
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Sustainability
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Development that meets the needs of the present without compromising the
ability of future generations to meet their own needs – Bruntland Report; 1987
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The Sustainability Challenge
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All the decisions that we make today have an impact the environment,
society, and the economy in the future.
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1. Biodiversity Loss
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All companies affect ecosystems and are dependent on functioning
ecosystems to remain in business.
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2. Climate Change
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• Energy efficiency measures
• Investing in research
• Implementing new energy technologies.
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3. Poverty & Inequality
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The growing gap between the rich and the poor is the type of dynamic that
often appears before revolutions and the breakdown of economies.
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4. Waste
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Zero waster targets are becoming a corporate priority as they produce
tangible economic benefits from supply chain efficiency
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5. Human Rights
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Requires employers to conduct analysis of employment policies, practices,
procedures and the working environment
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Individual Responsibility
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Our survival and prosperity depends on the responsible use of natural resources
where none of us takes more than Earth is able to supply.
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Sustainable Organizations
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Sustainability needs to be treated as a key business indicator that is important
to the ‘bottom line’ and helps drive strategy.
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Sustainability Reporting
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https://www.youtube.com/watch?v=jCzbeyZwwqE&feature=youtu.be
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Sustainability Reporting
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A sustainability report refers to reporting on a company’s economic,
environmental, social and governance performance.
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SUSTAINABILITY means conducting
operations to meet existing needs
without compromising future needs
The board shall have formal strategies to
promote sustainability. Attention shall be
given to Environmental, Social and
Governance (ESG) aspects of the
business which underpin sustainability.
TRIPLE BOTTOM means the accounting
system which expands the traditional
reporting framework to take into account
social and environmental performance in
addition to financial or economic
performance.
5.3.2
1.1.2
Kenya CG Code (2015)
2.3.6
TRIPLE
BOTTOM LINE
Financial,Economic
Social Environmental
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1. Add credibility to an organization’s reporting
2. Allow comparisons between different organizations
3. Help both internal & external stakeholders understand an organization’s
reporting.
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In addition to understanding of the SDGs and what they mean for business, it
provides a sound, step by step guide for implementation
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Benefits of Sustainability Reporting
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External
1. Enhanced reputation and
trust
2. Attracting funding
3. Increasing stakeholder
engagement
4. Giving organizations a
competitive advantage.
Internal
1. Helping companies articulate
their sustainability ‘vision’ and
‘mission’
2. Improving management systems
3. Identifying strengths and
weaknesses
4. Improving employee motivation.
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Sustainability & HR
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Being viewed as sustainable means that you may be the first choice, not only
for employees but also for customers, suppliers, and partners
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Sustainability & HR
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HR is deeply involved in the workplace component of the company’s
sustainability report & are responsible for collecting reporting data.
.
HR Sustainabilit
y
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Sustainability & HR
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Incorporating sustainability education in the employee training process
encourages employee engagement in strategy implementation
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Sustainability & HR
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HR plays a key role in involving employees in workplace initiatives such as
recycling, energy efficiency, and reducing waste.
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Sustainability & HR
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HR facilitates discussions between departments & management thus
promoting formation of staff committees to improve company sustainability.
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Sustainability & HR
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Staff volunteer initiatives like tree plantings and support for community-based
initiatives can be highly encouraged (and measured) by HR.
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Sustainability & HR
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HR can eliminate all paper from its talent acquisition process, including
brochures, forms & reports making the process entirely electronic
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Email: [email protected]
Website: www.mk-africa.com
Tel: 0722793361 / 0755 840 155
Office: Balozi Estate Road, Muthaiga North, Off. Thika Road