As we embark on a fresh year, it’s the perfect time to reflect on goals and aspirations. For many businesses, this means taking a fresh look at their sustainability strategies.

Why Sustainability Matters

Sure, we've all heard the buzzwords: ESG, CSRD, and the like. But what do they really mean for your business? Well, let’s break it down:

• ESG (Environmental, Social, and Governance): This framework helps businesses evaluate their impact on the planet and society. It's not just about being green; it's about being good.
• CSRD (Corporate Sustainability Reporting Directive): This EU directive is tightening the screws on sustainability reporting. It's time to get serious about your data and disclosures.

Why should you care? 

• Enhance your brand reputation: Consumers are increasingly choosing brands that align with their values.
• Attract and retain top talent: Millennials and Gen Z are passionate about working for companies that make a positive impact.
• Mitigate risks: Climate change, supply chain disruptions, and social unrest can all impact your bottom line.
• Unlock new opportunities: Sustainable innovation can lead to ground-breaking products and services.

Small Steps, Big Impact

You don't have to overhaul your entire business model overnight. Start small and build from there. Here are a few ideas:

• Reduce your carbon footprint: Implement energy-efficient practices, reduce waste, and encourage remote work.
• Support your community: Volunteer, donate to local charities, or create job opportunities.
• Ethical sourcing: Ensure your supply chain is free from exploitation and environmental harm.
• Transparent reporting: Be open and honest about your sustainability efforts.

Remember, sustainability is a journey, not a destination. By taking small steps now, you can create a more sustainable and prosperous future for your business and the planet.

Esker believes in positive-sum growth. Growth is not meant to be a one-sided affair and there’s more to business than the bottom line. Basically, positive-sum growth is sharing the value your organisation creates with the ecosystem you move in. When your company succeeds, it never happens at the expense of any team, individual or enterprise in your business ecosystem — everyone wins! Our goal is to create a business experience where everyone wins, including the planet!

With Esker's Source-to-Pay suite, businesses can establish mechanisms to monitor the sustainability performance of suppliers, establish improvement targets and collaborate with them to promote ongoing ESG efforts. Contact us today to learn how Esker can help!

So, let's make 2025 the year we truly lead by example! By embedding sustainability into your businesses DNA, you can contribute to long term considerations, not only of the planet, but also setup a strong foundation for success. Happy New Year!