Modern business leaders and sustainability managers may feel overwhelmed when defining a sustainability strategy for their business. In response to growing evidence of climate change, pollution and poor working conditions in global supply chains, many managers are personally committed to enacting change, future-proofing their business and preserving their company reputation.
To succeed in this, managers require sustainability strategies that are workable, tangible and easy to communicate. For decades, sustainability strategies have focused on managing and reducing existing environmental and social impacts, while communicating costs and reputational benefits to relevant stakeholders.
The disruptive nature of the circular economy business model can make it challenging to adopt, particularly for large or listed companies in traditional industries.