In the heart of TEG Corporate, where we partner with titans of industry to craft learning and development strategies, one topic consistently resonates like a recurring motif:
As the weight of climate change bears down on the globe, we all must pivot—not just for ethical reasons but for the bedrock of any enterprise: the bottom line.
Let me take you through the corridors of an anonymous, yet all too familiar, company we’ll call “CorpX,” a B2B organisation with annual revenues soaring past the £30m mark. CorpX’s supply chain stretches from the cobalt mines of the Democratic Republic of Congo to its data centres in the heart of London. However, there’s an invisible undercurrent of vulnerability running through the veins of this giant—its unsustainable supply chain practices are no longer viable in a world attuned to ecological concerns.
CorpX faces two pressing issues.
The first is the rising cohort of conscious consumers and investors.
According to a study by Accenture, 62% of customers want companies to take a stand on current and broadly recognised issues like sustainability, transparency, and fair employment practices (source: Accenture Strategy).
The second issue is even more alarming. The Bank of England warns that firms ignoring climate change will go bankrupt “without question” (source).
Suddenly, sustainability isn’t just a ‘nice to have’; it’s a business imperative. So, what did CorpX do?
They turned their Learning & Development Department into a “Sustainability Learning Hub.” Employees were educated on the implications of climate change, sustainable procurement practices, and circular economy principles.
Everyone—from the C-suite executives to the assembly line workers—was trained to think differently about their role in the business’s impact on the planet. The transition didn’t happen overnight, but over the course of a year, CorpX managed to reduce its carbon footprint by 20%.
Additionally, they began fostering relationships with suppliers who prioritised responsible practices. They even developed a ‘sustainability scorecard’ for existing suppliers and made it a key performance indicator (KPI).
The ROI? CorpX saw an uptick in consumer trust, documented by a 12% increase in net promoter scores. Their employer brand strength improved, attracting top-tier talent focused on innovation and sustainability. And finally, their stock performance experienced less volatility, attracting a broader range of long-term investors.
CorpX’s most valuable ROI was something that can’t be measured in quarterly reports—it was the transformation of their corporate culture. The company became a vanguard of change, not just complying with emerging sustainability standards but setting them.
Here at TEG Corporate, we believe that adapting your supply chain and business operations to be more sustainable doesn’t just mitigate risks—it opens doors to new opportunities. By aligning your Learning & Development initiatives with sustainability, you’re not only nurturing an informed and motivated workforce but also securing a stable and profitable future.
The global economy is on the brink of a paradigm shift, with sustainability at its core. It’s time to ensure your organisation isn’t left behind. Partner with us to make sustainability an actionable, measurable part of your corporate strategy.
The companies that invest in a greener future are the ones that will thrive in it. And so, as you ponder your company’s standing in this brave new world, remember: sustainability is no longer an option; it’s a requirement. The question is not if you should adapt, but how quickly can you?