As a member of the Business Council for Sustainable Development in Hungary, we believe that we need to work together for sustainable development. The proposal of BCSDH provides guidance to corporate leaders and is perfectly in line with our Foundation’s objectives.
The Blue Planet Climate Protection Foundation signed the proposal of the Hungarian Business Council for Sustainable Development, which contains 7 excellent principles formulated by experienced corporate leaders and sustainability experts to support businesses striving for sustainable development.
The management of a company that interprets sustainability in complex terms needs to develop a sound business strategy by integrating long-term, value-creating economic, environmental and social aspects and providing the resources needed for implementation.
There should be a top decision maker appointed to be responsible for sustainability. Managers of the company should be individually responsible for the sustainable operation of the organization at all levels. The management incentive scheme should include environmental and social objectives.
The company should operate legally and fairly (such as anti-corruption measures, legal and fair employment terms). The expected conduct should be put in writing, the necessary resources should be made available, and the ethical code should apply to all concerned parties.
The company should consider the protection of human life and safety, equal opportunities, and the right to a healthy environment to be fundamental values, and respect these rights in business decisions.
The life-cycle approach as well as the assessment of economic benefits and environmental impact should be key elements of decision –making. The company should be committed to the environment and extend responsibility to the entire supply chain (suppliers, partners, customers).
PARTNERSHIP WITH CONCERNED AND INTERESTED PARTIES
The company should cooperate with all concerned and interested parties, pursuing open, bilateral communication. Mutual satisfaction, long-term cooperation and partnership should be sought with those involved. The company should set an example as far as its position and size allows. When choosing business partners, sustainability considerations should be taken into consideration and prioritized. Through professional organizations and wide-ranging collaborations, the company should strive to enforce sustainability principles in regulatory processes.
Reliable data should be continuously collected about the activities, economic, environmental and social impacts of the company. Partners and concerned parties should be given regular, authentic updates.