Benefit #2 – Lowers Business Risks
Organizations face many different kinds of risks on a daily basis. A sustainability audit helps identify initiatives and tasks that reduce or eliminate these risks.
Compliance Risk – The number and complexity of international, national and regional regulations that address the environmental impact of product, services and business activities is increasing. Companies can find themselves with significant compliance and reporting risk if these issues are not managed and reported properly. A sustainability audit can help identify compliance and issues.
Reporting Risk - In the face of mounting pressure to be transparent, a growing number of organizations are choosing to report on sustainability. Sustainability reports help readers understand how well the reporting organization is doing on the triple bottom line. By not reporting, an organization risks its relationship with stakeholders, customers and the public. A sustainability audit can help organizations create better reports. Continue reading
Benefit #1 – Lowering Costs
Lower costs are one of the largest and most immediate benefits of a sustainability audit. In the face of rising fuel, natural resources and waste stream costs, finding opportunities to eliminate waste and increase efficiencies in these areas save real money (and helps the environment) and provides real financial results. Below is a list of some of the areas a sustainability audit will help lower costs:
- Energy usage
- Water consumption
- Waste management
- Fuel consumption
- Packaging and shipping
- IT spend
- Heating & Cooling expenses
- Environmental compliance
- Business transportation
What is a Sustainability Audit?
A sustainability audit is a powerful tool. A sustainability audit takes an inventory of all of the policies, procedures and practices of an organization and compares these to the best practices in their industry. In essence, an audit is a gap analysis and a maturity analysis of the sustainability practices of an organization. It is meant to document ‘what you are doing’ and ‘to what extent’ across a wide range of categories. By doing so, and organization can better know where to concentrate is efforts and resources to get the maximum impact. Continue reading