SUSTAINABILITY AND INNOVATION
- they are meta-disciplines, characterized by the “intersection of conceptual nuclei connections” proper to a multitude of heterogeneous disciplines.
- the main feature being how they are defined by the problems and issues they deal with, rather than the individual disciplines they use.
- both integrate economic, social and environmental processes, analyzed and managed with a phenomenal/holistic approach, as opposed to ideologue-disciplinary silos.
- Methodological prerequisite is the ability to create connections between different and often seemingly distant disciplinary skills.
- the “traditional” training background of the individual scholar who approaches the metadisciplines of Innovation and Sustainability, must be relativized and integrated with the management of distinct conceptual skills, but necessary in order to dialogue with other specialists.
- They require the ability to refer (directly and indirectly) to different skills than those fully possessed and the enhancement of Soft Skills.
- the body of knowledge originates from the integration and indivisible synthesis of multiple experts.
The planet and global society demand a transformation towards a more responsible treatment of natural capital, social capital and economic capital.
A sustainable future is one in which are simultaneously pursued:
- A Healthy environment
- Economic prosperity
- Social justice
It is to ensure the well-being and quality of life of present and future generations.
It is a process of change in which they are interconnected and synchronized:
1) Exploitation of resources
2) Investment Directorate
3) Technology development orientation
4) Institutional change
Assessing both current and future potential
It is to meet and improve human needs and aspirations.
SUSTAINABLE AND BUSINESS SVILUPPO
We need new ideas, innovations and paradigm shifts.
The global global business landscape is characterized by a new, accelerated and complex mix of risks and opportunities.
Every single market can be disrupted in a short time by countless factors, whether it’s emerging technologies or a sudden lack of natural resources.
New markets are emerging rapidly as a result of megatrends such
as populationgrowth, scarcity of resources, risks to health and more.
At the same time, consumers and investors are better informed than ever before and demand that companies take responsibility for the pressure of our planet and the socio-economic dynamics of the world population.
There is a growing understanding, especially from business leaders and forward-thinking investors, of how it is no longer enough for companies to only care about short-term profits, because natural disasters, social unrest, economic disparities and non-compliance with human rightscan harm human rights long-term prosperity.
Companies that understand this challenge and act strategically, anticipating these phenomena,will be able to count on a durable and exponentialcompetitive advantage.
The approach to sustainability has evolved from an initial focus solely on risk management and harm avoidance, includinginnovation and value creation.
Therefore, the combination of sustainability and innovation has now become indispensable to create new combinations,which will enable us to implement an innovation process that addresses and solves the current challenges Global Challenges.
Sustainability is universally recognized as the most relevant key factor for innovation in the21st century.
Sustainability issues are increasingly moving to the centre of the stage in politics, media, business and society.
The urgency ofsustainable innovation is becoming internationally recognised as a vital contribution, if not a panacea to a sustainable future.
Related economic and business opportunities are also recognised as immense.
Measuring Social Progress Index (Social Progress Index)translates economic profits into advances in social and environmental benefits,which in turn, in the long run, provide even greater economic return.
On a purely business,the proper exploitation of international policy tools including GLOBAL AGENDA 2030 UN
The Paris Agreement
and more facilitate organizations that minimise their socio-economic and environmental impacts and are committed to building new flexible systems of innovation,linked to the resolution of social-environmental problems on a global scale.
Through such a strategic approach, companies are more likely to meet the expectations of investors and stakeholders.
SUSTAINABLE DEVELOPMENT ISSUES
Here is a partial but significant list of the areas that must be dealt with, necessarily with a holistic approach,the expert in sustainable development.
- FOOD AND ALIMENTARE SECURITY
- AMBIENT (climate, water, natural resources, marine life, land, sustainable production and consumption,etc.)
- Bless you
- INNOVATION & TECNOLOGY
- ECONOMIC GROWTH
- JUSTICE (human rights, fundamental freedoms, gun control, organised crime, violence, money laundering, corruption, terrorism, democratic participation , etc.)
- SOCIAL JUSTICE (inequality, poverty, protection of weak people, etc.)
- INTERNATIONAL SECURITY
Does Ethics pay off? Business Ethics in Business Strategy
In the modern era, intangible resources are key factors for the competitiveness of companies.
The main resource of a company is its reputation,which in budgets finds value ingoodwill.
As a result, the theme of ethics and therefore
of corporate social responsibility
long-term survival of a business is only possible if management and its strategies remain respectful of all stakeholders who express expectations towards the organization itself
Management’s growing focus onethics and sustainability is driven by several factors:
- need to control the rise of potential damage
- risk management (crisis-related costs, legal penalties, exposure of managers to personal/legal/reputational/financial penalties, monitoring/transaction costs, social/political pressures)
- scandal-related penalties
- reputation protection
- brand construction/development
- positive contributions: innovation, productivity, growth.
Ethics builds trust in the organization, attracts investors,improves the morale and commitment of employees (reduction in turn-over),creates a climate innovation/creativity-friendly, improves brands and products/services, the attractiveness more skilled workforce,is a differentiator from the competition,improves company standing at the local and international community,also improves theaccess to opportunities.
Business Ethics therefore involves
The operation of the organization,
It is social standing.
The Italian legislature intervened on the issue with the legislation of the D.lgs. 231/2001 on the administrative responsibility of companies dependent on crime, considering compliance with the rules as an essential prerequisite to fosterfair competition between companies and preserve a system sustainable competition.
It therefore required companies to prepare:
- an organizational model
- an ethical code
- a oversight committee
Therefore, the implementation of an organizational model of corporate governance is a prerequisite for sustainable development and is the first practical and operational step to integrate strategies future-proofing and anticipation of the business strategy.
At P&S LEGAL, we help businesses and public organisations open the door to the futureby anticipating governance models based on sustainable innovation.
Contact us for information!