Sustainability issues have been front-and-center in the news and in our communities this past year. We’ve learned about severe weather, labor shortages, and the minimum wage increase debate to name a few. FET’s Sustainability Half-Day Professional Development Course (PDC) is here to help you navigate through these challenging times.
The Sustainability PDC being held on December 7th from 1:00-4:00 pm, is one of several offerings kicking off the Environment 2021 Conference at the Ingleside Hotel in Pewaukee.
In the business community, the word sustainability translates to a concept called the “Triple?Bottom Line,” where all businesses consider the environmental, social and economic impacts of their decisions. A play on the financial world’s practice of double-lining totals on a financial spreadsheet, it indicates that each impact is important for businesses to tally in order for long-term success.
So, for example, if you have a business process that creates a waste, a sustainable company will look for ways to divert that waste from the landfill and towards beneficial reuse (one person’s garbage is another’s treasure) as part of the cost-benefit analysis. Another example is a sustainable company might increase wages to attract new hires – and retain existing employees – for a short-term financial hit, but recoup it with the decreased churn of continually training new employees, and increased efficiency of long-term employees. Conversely, an unsustainable company might implement automation at their facility for the economic benefits only, without considering the labor impacts it might create through lost jobs or decreased wages.
Sustainable companies are successful, financially-secure companies, because they anticipate and plan for what would otherwise be considered unforeseeable consequences to their business practices.
Today, many large?and medium?size companies have a sustainability plan they report annually to the public, highlighting their improvements and future goals. They are increasingly requiring their suppliers to similarly adopt more sustainable practices in order to continue doing business. For smaller companies, it can be difficult to devote the resources needed to develop a plan, monitor and report these efforts. However, following sustainable practices, whether formal or otherwise, benefits companies regardless of their size.
FET’s half-day course is for those both new to the sustainability world and those who have been practitioners for years. In addition to an introductory presentation on sustainability, the course will dive into lessons learned from renewable energy and carbon footprint reduction projects, to developing a strategy/report for the hot-button topic of Environmental, Social & Corporate Governance (ESG), to the latest climate change legislation and its impacts on your business.
We look forward to seeing you in December!
Jim Wagner, Belmark, Inc.