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What makes a sustainability strategy successful?

First things first: no one size fits all! A sustainability strategy is as individual as the company itself. That is why successful development begins with a precise but efficient examination of internal and external conditions. This includes regulatory requirements such as CSRD or ISO certifications, as well as stakeholder expectations from customers, suppliers, or investors. Equally important is taking stock of the status quo: what structures, goals and measures already exist?

A successful sustainability strategy must have a clear structure. It aligns with the key topics of the industry and follows relevant guidelines and frameworks. It is aligned with the core business, but goes beyond day-to-day operations – because it is intended to drive transformation. Relevant, measurable goals with clear indicators (KPIs) and milestones are central, and a defined time horizon provides direction. To achieve this, it is also necessary to involve all relevant departments, such as controlling, purchasing and communications – because sustainability must be developed and lived holistically.

At the same time, a strategy should be distinctive – not interchangeable. It should inspire and be easy to communicate. To do this, it is important to have concise and ambitious goals, strong visuals and a transformation story. Communicating authentically about progress, but also about challenges and failures, creates transparency and trust.

First things first: no one size fits all! A sustainability strategy is as individual as the company itself. That is why successful development begins with a precise but efficient examination of internal and external conditions. This includes regulatory requirements such as CSRD or ISO certifications, as well as stakeholder expectations of customers, suppliers or investors. Equally important is taking stock of the status quo: what structures, goals and measures already exist?

A successful sustainability strategy must have a clear structure. It is aligned with the central topics of the industry and takes into account relevant guidelines and frameworks. It is aligned with the core business, but goes beyond day-to-day business – because it is intended to drive transformation. Relevant, measurable goals with clear indicators (KPIs) and milestones are central, and a fixed time horizon provides orientation. To achieve this, it is also necessary to involve all relevant departments, such as controlling, purchasing and communication – because sustainability must be developed and lived holistically.

At the same time, a strategy should be individual – not interchangeable. It should motivate and be easy to communicate. To do this, it is important to have concise and ambitious goals, good visualization and a transformation story. Communicating authentically about progress, but also about challenges and failures, creates transparency and sympathy.

Overview of services

  • Analysis of your existing strategies and strategic approaches
  • Benchmarking with competitors and top transformers
  • (Further) development of your sustainability strategy
  • Operationalization of the sustainability strategy (measurable, scheduled targets and KPIs)
  • Implementation planning (measures, responsibilities, processes)
  • Agenda for strategic transformation in ESG and sustainability

Selected references

STEINBACH STRATEGIEN has already successfully developed or enhanced sustainability strategies with numerous companies. Selected projects can be found in the references.

Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim
Logo: Referenz Kunde:Holcim

Who needs a sustainability strategy?

In theory and in an ideal world, the sustainability strategy is the starting point for ESG management. Many standards – wheather ESRS in the context of CSRD reporting, the long-established GRI reporting, EcoVadis, The UN Global Compact and so on – all include the requirement of a “sustainability strategy”. As a strategist, Anke Steinbach is, of course also a strong advocate of sustainability strategies, climate strategies, responsible sourcing strategies and so on.

However, over 22 years of practical experience in sustainability consulting have consistently shown that the development of a true sustainability strategy typically only becomes a topic of conversation after several years of working with ESG and related issues.

This is because a sustainability strategy that lives up to its name and is used to manage the company’s most important ESG issues requires a solid foundation of data and clearly defined targets, a strong organizational integration, and a strategic view of sustainability that often only develops over time. We also often observe that early strategies tend to focus on measures rather than on clear goals.

Therefore let us distinguish between the “strategic approach” and the sustainability strategy: the strategic approach formulates key topics and fields of action, as well as general goals or visions of what you want to achieve, usually on a generic level, for example, reducing energy consumption, expanding sustainable products or improving social and environmental standards in the supply chain. A sustainability strategy, on the other hand, has measurable, scheduled and ambitious goals. In this way, it provides strategic guidelines for verifiable results and a roadmap for action.

Therefore, every company needs a sustainability strategy (at some point).

Anke Steinbach’s approach: start from where the company is and take it from there. For example, over 15 years ago, a number of large companies worked with STEINBACH STRATEGIES to define their strategic approach and over the years have developed it into a solid sustainability or ESG strategy. We have supported many companies in operationalizing their strategy. Incidentally, this can often be usefully incorporated into sustainability reporting projects! A possible first step? A review of the current sustainability strategy.

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Analysis, benchmarking or (further) development of the strategy – what do you need?

Stronger together: The team

Anke Steinbach has been an independent sustainability consultant for over 22 years. She has a background in economics and an MBA in sustainability management and worked at McKinsey for several years. She works with selected consultants, sustainability specialists and agencies in a network on a project-by-project basis. Get to know some of them.

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