BYSTRONIC
sustainability bottom-up with gathering data and writing environmental policies focusing on compliance and ESG Rating improvement rather than delivering business value .
He says when we kicked-off our purpose process at Bystronic , the “ innovation minds turned hot ” and we had a lot of employees who immediately had ideas or success stories on where we are great already . Without a baseline , some leaders struggle in formulating targets , which is essential to manage any project for success .
Understanding where you are and where you need to go , can easily be done via outside-in and inside-out analyses . The basis of any sustainable business strategy is the double-materiality in which you determine the top priorities of focus for your company . The material topics for any company are pretty obvious by analysing your industry peers , customers and supply chain . “ This is not rocket science at all ,” says Michael
In order not to lose time , Michael recommends developing ambitions from the top down for all identified material topics . In that sense , defining sustainability ambitions is easy , because the direction companies need to take is pretty obvious and clear – as an example he refers to net-zero or science-based targets .
Via an inside-out analysis , you can then involve all departments and employees to gather and present what they already have .
“ Companies are usually amazed at how much data they have because they
64 December 2024