Economic sustainability is the ability to support a defined level of economic production indefinitely.
Categories within economic sustainability, that companies might see challenges, and implement targeted plans to help mitigate, include:
Good governance promotes freedom from violence, fear and crime, and helps build peaceful and secure societies with the stability needed to attract and sustain development investments.
Challenges include translating and standardising experiential data from multiple systems, turning them into measurable development goals and targets and actioning them across a wide range of areas.
Not all companies will fit into one set of criteria. Other criteria include: anti-crime policy / measures, brand management, customer relationship management, innovation management, market opportunities, marketing practices, price risk management, research and development, stakeholder engagement, and / or scorecards / measurement systems.
Companies implementing Sustainable Risk Management (SRM) generally focus on requirements for individual business process such as availability of renewable resources or changing government regulations.
An effective SRM framework can help a company's management identify emerging issues of concern that may affect supply chain, operations and production.
Companies often develop and communicate a Code of Conduct, which employees and suppliers are required to read and acknowledge being assessed against.
Managing risk and regulatory compliance impact, such as anti-corruption and bribery, on a company's strategy and operations might include reviews of legal requirements, company policies, and industry / voluntary codes and how future planned operational changes might interact with these.
