Enhancing sustainability performance with leading KPIs
The establishment of measurable goals and performance indicators are a fundamental elements of any successful program to integrate sustainability into business processes (e.g. strategic planning, product development, purchasing, manufacturing, etc.).
Several approaches exist for measuring sustainability performance in organizational contexts. The use of leading key performance indicators (KPIs) has proved by business leaders to be a very effective way to keep track of decisions and understand their influence in the long-term with a life cycle perspective.
Leading KPIs aim to produce measures that will inspire effective actions in improving the sustainability performance across entire products life cycles (from raw material extraction and manufacturing to use and end-of-life). Increasingly, front-runner companies are implementing leading KPIs for a varied set of purposes:
- Benchmarking of sustainability performance of companies, processes and products;
- Monitoring of sustainability performance, ensuring alignment with long-term business strategies;
- Identification and quantification of the optimization potentials of products and processes;
- Reliable communication in sustainability reports.
The main challenge faced by most companies aiming at implementing leading KPIs relies in the selection of the most suitable KPIs, based on their strategic internal and external drivers.
With a comprehensive database of leading-KPIs and a strong selection methodology, essensus is supporting several manufacturing companies to select the most suitable leading KPIs based on their current maturity profile, business strategies and developed products.
If you or you company are interested in knowing more about essensus’ approach for increasing sustainability performance towards enhanced maturity levels, please do not hesitate to drop us a message. We have a tailor-made approach that performs a comprehensive assessment of you current situation and derives an accurate and solid roadmap accompanied by a sound action plan. We will be more than happy to go through the sustainability journey with your company!