Business and Sustainable Development Business strategies for sustainable development mark the final phase in the journey. The pathway for sustainable development is to seek win-win situations which can achieve environmental quality, increase wealth and enhance competitive advantage. Operating within the context of sustainable development, business is driven by opportunities. The successful business will recognize that it must rise to the challenge of change and take advantage of the opportunities that come with it. Businesses integrate sustainable development into business strategies and environmental policies.
Sustainable development is a natural extension of many corporate environmental policies.
In the pursuit of actions that produce economic, environmental and community benefits, management considers the long term interests and needs of the stakeholders. Results include new business processes with reduced external impacts, improved financial performance and reputation among communities and stakeholders. Methods presented on this site are intended to facilitate regulatory compliance and the implementation of risk management strategies in business. By exploring other sections of the site you will find an array of tools that can assist your business in meeting the sustainable development challenge, regardless of which stage of the journey you are on. Sustainability and competitiveness have been parallel tracks on national agendas.