Sustainable Value Opportunities The ‘Big Picture’ View of Sustainable Value Opportunities Use the following scale to rate each of the following facets of sustainable value for your organization, both in the near term and for the long term. Use this exercise to engage discussion within your organization about where your opportunities lie. Remember, this exercise is focused on identifying potential. So think outside the normal routine and usual practical constraints. In later exercises, you’ll have opportunities to incorporate considerations about the readiness, costs, impacts, challenges, and so forth associated with each. Definitions of each sustainable value opportunity are provided on the next page. 3 = High value Sustainable Value Rating Scale 2 = Moderate 1 = Some 2 Years 10 Years 0 = None or N/A Notes 1. Place 2. People (staff) 3. Process 4. Product 5. Market 6. Brand 7. Finance 8. Social (external stakeholders) 9. Nature 10. Risk 11. Innovation 12. System Integration © 2014 True Market Solutions 1. Place The buildings and natural environment at your place of work. For example, this includes opportunities for energy efficiency, renewable energy, natural day lighting, landscaping and habitats, water management, and so forth. 2. People (staff) The employees of your organization. This includes opportunities to increase employee engagement in sustainability, capturing employee innovations, improving employee health and wellness, training and empowering employees around sustainability and sustainable behavior, flexible work time and work at home policies to reduce employee transportation, and so forth. 3. Process Organizational policies, processes, procedures, practices, and programs. For example, implementing a six sigma for green program, ‘green and lean’ program, systematic carbon reduction program, reducing packaging for products, reducing or eliminating waste, and so forth. 4. Product Adapting or creating a new product that meets the needs of the green market. 5. Market Adapting your products or services to a new market, based on sustainability as a key driver or provider of sustainable competitive advantage. 6. Brand Incorporating sustainability into your brand. 7. Finance Making use of any special financing incentives or programs for adopting green products and services. These include utility incentives, rebates, and programs; financing by banks or private investors; grants, loans, and tax incentives from government or foundations; special financing programs by financial services companies, and so forth. 8. Social Creating sustainable value by engaging external stakeholders, such as the community in which you operate, professional associations, government and regulatory agencies, nonprofits, and so forth. You can gain sustainable value, and competitive advantage, in this area by, for example, influencing industry standards, certifications, or regulations; gaining a social ‘license to operate’, extend the organization’s reputation through corporate social responsibility, and so forth. 9. Nature Provide ecological services, for example, through restoration projects, through services to other organizations to improve the environment, including clean air and water, improved habitats and biodiversity, or even by improving employee health by providing walking paths or gardens. 10. Risk Manage, prevent, or reduce risks related to sustainability. For example, you can create organizational value by managing risks related to price volatility of energy supplies or other natural resources and commodities; manage reputational risks by addressing organizational and supply chain issues; avoid opportunity costs by proactively seeking sustainable advantages; reduce turnover and absenteeism by engaging employees; reducing health care and safety costs by implementing risk reduction strategies, and so forth. 11. Innovation Create sustainable value by capturing employee innovation. 12. System Integ. Create sustainable value by aligning strategies throughout the organization. Once sustainability is embedded in the mission, vision, and business model of the organization, then it can be further implemented by aligning human resource policies and practices, by incorporating it into recruitment, training, and compensation practices of the organization. © 2014 True Market Solutions