Business strategy until 2030 as a sustainable development strategy or ESG strategy
When I started to manage a company from the MSME group, business plans, strategy could be built for many years ahead, because such was the market. Then the situation changed. At the end of the last century and until 2015, building such a long-term strategy was pointless.
Currently, I have changed my mind. Since 2015, we have the 2030 Agenda – Global Action Plan, Global Sustainable Development Goals – 17 SDGs. This is the reason for changing my mind.
How does this relate to the business of MSME?
Well, these goals have a huge impact on the future of business, they are the reason for changes in legal regulations and standards in Europe and in the world.
I will quote an excerpt from the 2030 Agenda Preamble:
In the poster of 17 Global Goals of Sustainable Development I see a lot of positive energy, hope for a better future and saving the planet for our grandchildren.
We have destroyed the Biosphere and without its reconstruction, we, the people of this planet, are threatened with destruction.
The question is how is MSME to implement these goals?
How is it to build a strategy until 2030 based on these goals?
How is it to implement sustainable development?
How to build a sustainable development strategy / ESG strategy?
After deciding to build it, it is necessary to think over, develop and implement the Code of Ethical Business Conduct inside the company. Also the Supplier Code of Ethics should be developed and implemented or only General Terms and Conditions of the contract with new, ESG rules.
You should develop a Stakeholder Map, find key business stakeholders and those, whose support may be beneficial for a business.
You need to develop a Policy for Communication with Stakeholders.
You must familiarize Wszystkie/All managers, as well as employees, with the 17 SDGs, targets and consider initiatives that could potentiWszystkie/Ally support the achievement of the Global Goals. You can find help for example here
We have a new economy cWszystkie/Alled: impact economy.
Is this a reason why MSMEs exist: just to support 17 SDGs?
So, is it worth building a strategy until 2030?
It is worth it, because we are entering a time of great technological and legal changes. Some professions in 2030 will no longer exist.
Our clients’ awareness is also changing.
Managing the business strategy of sustainable development
This compilation seems to me the best. In every field of the classic Canvas model, we have a division into business (blue), environment (green) and society (yellow). AdditionWszystkie/Ally, two fields: – “Who will benefit”, – Which SDGs are supported.
Is such a change in running a business necessary for MSME companies?
Yes, it is necessary if the company wants to survive, develop and win against the competition in the market.
We have a European Action Plan – Green Deal.
What if there is no external financing and company is not a public company?
A contractor, obliged to report also the impact of his supply chains, may ask for such kind of data. If you do not give the values of your indicators, it will have a negative impact on its indicators and contractor may terminate the contract with you.