Sustainability is a hot topic. Companies throw around their carbon or recycling initiatives, and competing executives feel the need to follow suit. But aside from the external pressure, there are also bottom-line benefits. Becoming more efficient can save money. Creating a new product might make money. However, customers care about a company’s practices and will spend their money based on that.
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The work is in getting there. Becoming sustainable can seem simple: Establish a goal for five years down the road and everything will fall into place. But it’s easy for things to get upended. “There is so much confusion and noise in this space,” says Jason Jay, senior lecturer and director of the Sustainability Initiative at MIT’s Sloan School of Management.
His work helps companies break through the confusion and figure out what they want to actually do, not merely what sounds good. It means doing research and listening to science. Mostly, it requires discipline, and because something new—be it a product, process, or technology—is being requested, it also takes ambition. “It’s a tricky dance,” he says, but one that can result in “doing well and doing good at the same time.”
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