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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 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 observes 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 defined 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.

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 – be it ESRS in the context of CSRD reporting, the long-established GRI reporting, EcoVadis, UN Global Compact and so on – all include the requirement of a “sustainability strategy”. As a strategist, Anke Steinbach is of course also a fan of sustainability strategies, climate strategies, responsible sourcing strategies and so on.

However, over 22 years of practical experience in sustainability consulting has repeatedly shown that the development of a real sustainability strategy usually only comes up for discussion after several years of dealing with ESG and the like.

This is because a sustainability strategy that truly deserves the name and is used to manage the company’s most important ESG issues requires a solid foundation of figures and operationalized targets, a good organizational anchoring, and a strategic view of sustainability that often only grows over time. We also often observe that measures are formulated in the strategy at the beginning instead of goals.

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.

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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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