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Outline typical barriers to implementing policies and procedures in an organisation and possible strategies to address them Improved environmental sustainability is not valued in internal
Outline typical barriers to implementing policies and procedures in an organisation and possible strategies to address them
- Improved environmental sustainability is not valued in internal capital allocation decisions: Companies often lack the internal mechanisms to properly value the benefits of managing environmental sustainability, such as reduced exposure to energy price volatility, water risks and other environmental impacts of operations and supply chains.
- The goals of corporate sustainability teams and financial teams are not well-aligned: Divergent priorities mean that sustainability teams and financial teams often do not effectively engage each other. As a result, sustainability teams are brought into project planning too late to influence project design and cannot make an effective case to financial decisionmakers.
- Companies lack metrics to account for external environmental costs: Without a clear method to price external costs, such as the risk of climate change to society, companies can't factor these "expenses" into their traditional decision-making. Companies may find they are not fully cognizant of the real costs and risks associated with their investments over time.
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