Let us therefore 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.