Sustainability Centre of Excellence
Sustainable businesses focus on meeting the needs of current and future generations
Leaders are putting sustainability at the heart of strategy, framing decisions in terms of environmental, social and human impact. They recognize both the challenges and opportunities.
The drive towards sustainability is most evident in the acceleration in the energy transition. But across sectors, sustainability has become a central consideration. It is rapidly emerging as a key component of governance in response to perceived public discontent with long-term damage that arises from short-term financial focus. Employees increasingly expect progressive corporate sustainability policies. However, establishing a sustainable business is complex. It requires balancing higher upfront investment against unusually tight timelines. Clear strategic choices are required.
Adopt a forward-looking mindset
Key stakeholders — consumers, customers, investors and employees — are increasingly focused on sustainability themes. With their expectations rising, stakeholders’ perspectives on sustainability now influence decisions about which companies to buy from, partner with, invest in or work for.
The recovery from the pandemic is accelerating this trend. And in light of UN climate change directives, the pace of change on all dimensions will continue to gain momentum.
In the recent past, there has been a tendency to manage sustainability as a discrete set of activities. But this approach is no longer “fit for purpose.” Leaders now understand – and experience – the benefit of addressing sustainability at the heart of strategy, operations, and value creation.
Focus on new opportunities
While sustainability is clearly a challenge, it also brings opportunities – developing new products, providing new services and meeting changing customer needs. Success requires Identifying these opportunities, realigning strategic choices, evolving the business model, optimizing the organization and setting out clear delivery programs.
L.E.K. supports clients across a broad range of sustainability issues:
- Developing net zero strategies
- Commercial assessment of new technologies
- Growth strategy and corporate strategy development for new products and services to address climate change
- Commercial due diligence on ESG issues for transactions
The L.E.K. Sustainability Centre of Excellence draws together the expertise, best practices and strategic insights necessary to support your approach, address the challenges and capitalize on the opportunities that sustainability brings.
Sustainability: A Major Issue Affecting Society and Businesses
With sustainability firmly in place as the major issue for both business and society, L.E.K. Partner and Vice Chair, Sustainability John Goddard looks beyond goals and targets at the journey to a sustainable future.
Sustainability: Priorities are Evolving with Continued Relentless Momentum
As businesses come under increasing scrutiny of their sustainability performance, putting it at the heart of your commercial strategy is now a priority. Rebecca Scottorn looks at how letting sustainability influence every business decision is the key to a long-term, sustainable future.
Sustainability: Insurers Rise to Net Zero Challenges
The path to net zero is complex and hard to navigate for any business. For financial institutions, new requirements to embed sustainability into operating models, a pressing need to quantify the risk of poor ESG, and a global talent shortage, are all leading to unchartered waters. L.E.K.’s Justin Balcombe is your trusted guide.