BYSTRONIC
Seizing the opportunity The ESG performance management system is designed to help businesses integrate sustainability into their systems , operations and everyday actions .
“ Companies need to build a sustainable business strategy . They need to establish KPIs and define initiatives to accomplish them . For the financial side of the business this is already in place , equally this has to be done for the nonfinancial side of the business .
“ Other companies are asking for help in how to do this and to execute it – ‘ what are the initiatives we need ?’
“ Initially , they may say their reporting looks good , but tomorrow , they will need to make sure their supply chain is ready and they need to show results ..”
But this approach should be flipped , according to Michael .
“ It ’ s more important to work on the right things and improve reporting afterwards , rather than
“It ’ s more important to work on the right things and improve reporting afterwards , rather than having every data reported without no results or progress ”
MICHAEL PRAEGER , CHIEF SUSTAINABILITY OFFICER , BYSTRONIC
68 December 2024