Economic Sustainability
Economic sustainability in 6 actions
To be sustainable, a company must not only worry about polluting less (environmental sustainability) or treating its workers well (social sustainability), but also about being profitable in the long run. This is where economic sustainability comes in.
In practice, it means that the company must be able to generate profits, first of all to pay employees as well as to invest and grow, but also to be able to manage resources efficiently, reducing waste, optimizing production processes and making the best use of the resources at its disposal.
A sustainable company must be able to offer quality products and services at fair prices, without adopting downward auction policies in order to obtain greater advantages and attract consumers. Unfortunately, in the logic of large-scale distribution, those who pay the discounts are often the small producers, who must sacrifice themselves in order to continue to be present on the shelves.
Economic sustainability is not limited to immediate profit, but looks to the future. A sustainable company invests in projects that will generate value in the long term, such as research and development or expansion into new markets, which increase the end user's perception of stability and trust.
So why is economic sustainability important? For its very survival, without profits it cannot survive and, consequently, it can no longer contribute to environmental and social sustainability.
Sustainable companies create jobs, stimulate innovation and contribute to the economic growth of the territory. Furthermore, consumers are increasingly attentive to the social and environmental impact of the products they buy. Choosing a sustainable company is therefore a way to express one's values.
But how do you achieve economic sustainability? By investing in clean technologies that consume less energy and produce less waste, optimizing production processes, reducing waste, improving efficiency and automating operations. It is also very important to offer innovative products and services that meet the needs of consumers, even the most demanding ones, and finally by collaborating with other partner companies, creating partnerships to share knowledge and resources.
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Planning system
Define the strategy to be implemented in order to achieve business objectives in sustainable projects
Management system
Measure whether and to what extent the objectives set have been achieved effectively and efficiently
Investing in sustainability
Invest in projects aimed at increasing the company's commitment to social and environmental responsibility
Staff training
Organize courses to improve knowledge and skills on health, safety and different business areas
Decent income
Enter into economic agreements with employees, in order to create situations of economic stability
Fair trade agreements
Establish economic agreements and fair relationships with suppliers, to protect the interests of both parties
