Embedding sustainability goals within an industry or supply chain strategy broadens the definitions of value and risk. Value increases as consumers seek to purchase products from companies that embrace sustainable practices. A sustainability-centered strategy also gives companies a platform for managing climate-related risk. Increased value and risk management occur through efforts to decarbonize processes, reduce energy consumption, decrease waste, and extend product lifecycles. A range of competitive advantages become apparent by linking cost savings and earnings growth with sustainable approaches.

Important links:
recent McKinsey study
study submitted for the Steel Manufacturers Association