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Perhaps because they simply don’t see how sustainability can produce returns for a business.I can relate: I, too, am always looking for ways to allocate resources effectively and create value. Yet most companies do have sustainability programs, and the finance folks obviously approved the expenditures. My question is, What was the process by which those investments got green-lighted? In particular, how were certain projects chosen over all the other possibilities?
These beliefs don’t have to be at odds—although they often mean that sustainability programs must be subjected to alternative financial evaluation models In fact, the programs with the greatest impact not only align with companies’ strategies but move in tandem with their activities.
A financial management system is the methodology and software that an organization uses to oversee and govern its income, expenses, and assets with the objectives of maximizing profits and ensuring sustainability.
When looking at a projects, it is good to know what the company's overall goals are. Then they should look at potential projects to see which fits into the mold for the company's goals. The next step then is to perform a risk matrix, as well as use other Portfolio Management tools to see which project will reach the goals without the least risk fitting into the overall company's stated goals. If sustainability is used correctly then it can be used as a tool to increase the over all profitability of a company using the Triple Bottom Line. This is the costs, risks, and benefits of the social, economic, and economic benefit of a company. Risks can be both positive and negative. How do you minimize or limit negative risks and how do you increase positive risks?
