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For the Dow Jones Sustainability Index , "Corporate Sustainability is a business approach that creates long-term shareholder value by embracing opportunities and managing risks deriving from economic, environmental and social developments. Corporate sustainability leaders achieve long-term shareholder value creation by gearing their strategies and management to harness the market's potential for sustainability products and services while at the same time successfully reducing and avoiding sustainability costs and risks."
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There are a number of other good textual definitions of corporate sustainability (eg: WBCSD , Mallen Baker etc) but very few accessible visual representations. As a result, MTR decided to develop a series three dimensional shapes to illustrate what of sustainability means for different organisations and how companies make progress towards sustainability. |
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In reality there are very few like this - those having an interest in two facets of sustainability can be thought of as a frisbee. An example would be a pressure group campaigning on environmental and social issues. The majority of listed companies can be thought of a rugby ball, primarily concerned with delivering shareholder returns but also addressing environmental and social issues to some extent. |
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| As companies integrate environmental and social issues into their business framework, the girth of the rugby ball increases and according to corporate sustainability rationale, so too does the overall volume of the ball, leading to increased shareholder returns. In short, inflate for sustainability. | |
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The dart - frisbee - rugby ball analogy can also be used to describe corporate transparency on sustainability issues. From this perspective, most Hang Seng companies are darts given that they report on financial performance. The few who publish environment reports are Frisbees in the economy - environment plane, whilst MTR is currently the only rugby ball! |
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