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The Sustainable Business Awards (SBA) is a unique and important resource for businesses worldwide. Now held in six countries, the awards aim to increase awareness of sustainable business best-practices and demonstrate how sustainable business benefits companies, the environment and all stakeholders, today and for the future.
“The awards validate and celebrate the companies which are leading the way in sustainable business and which have truly instilled this objective into their long term business strategy. The awards also aim to inspire all businesses, large and small, to make sustainability the foundation of their corporate mission and brand” - Tony Gourlay, CEO, Global Initiatives
There are plenty of sustainability initiatives around these days, but only one platform that guides companies through the process – and rewards them along the way to becoming truly sustainable businesses. The SBA methodology combines the best features of benchmarking and awards processes globally to really deliver green strategy and business advantage.
Conducted in partnership with leading global professional firm PricewaterhouseCoopers (PwC), the Sustainable Business Awards (SBA) are designed to:
The awards criteria include a quantitative assessment of companies' environmental impacts as well as their efforts to improve the wellbeing of the people under their employment, in their supply chain and in their local communities. This allows companies to demonstrate that they are both aware of the scale of their impacts in the social and natural environments in which they operate and that they are taking steps to manage them in a way that is data driven and systematic.
In each category, the survey tool asks some questions that gauge both business processes and performance. The overall framework is weighted so that each category is judged to be equally important.
1. Strategy and vision: Understanding the company's sustainability strategy and commitment to implement it at the highest level.
2. Business Responsibility and Ethics: Understanding the company’s policy on responsibility and ethics and commitment to implementation.
3. Workforce: Staff morale and skills are key drivers of success for every business. What measures are in place?
4. Sustainability in community: Exploring community development projects and how they improve quality of life.
5. Supply Chain Management: Sustainable businesses manage every detail of their supply chains to ensure competitiveness.
6. Stakeholder engagement & materiality: Identifying how companies monitor stakeholders perceptions and how they take action. And if companies conduct materiality assessment.
7. Energy management: Examining the activities that reduce energy bills, improve reliability and minimize pollution and emissions.
8. Water management: Reviewing efficiency practices, as water becomes an increasingly important resource for most businesses.
9. Waste management & material productivity: Best practices encourage 'closed loop' systems that treat all resources as valuable.
10. Climate Change: Exploring the company’s climate change policy and whether it has developed an adaptation strategy.
11. Landuse, Biodiversity and the Environment: Many businesses are now studying and reducing their impacts on wildlife and ecosystems.
The Sustainable Business Awards (SBA) use a state-of-the-art process developed by an international team with over 15 years of experience in a wide range of business awards, benchmarking and metrics.
A key feature of the SBA is that participation is a business development opportunity, not a burden. The SBA survey process is user-friendly, time-saving and guided: designed to make participation quick, informative and easy. The web-based survey can be completed in less than two hours, and can be saved and continued as required. It supports the uploading of supporting documentation.
Once the responses have been submitted, they are processed by PwC and converted into quantitative scores. Analysts are trained to the highest global sustainability standards. Responses are totally confidential, secure and never disclosed.
Unlike some awards, there are no subjective interventions in the SBA. The results alone generate the overall and category award winners. Using the SBA global benchmarks, confidential executive reports are rapidly generated for all participants, providing valuable feedback and access to best practice case studies.
Quality assurance is the utmost priority, with continuous controls to international standards built into every stage of the process. These includes follow-up interviews, fact-checking, and meticulous examination by an expert Awards Committee.
While we look for the companies who can demonstrate their commitment to a sustainable future, we also appreciate those who address sustainability as an important issue and have intentions to become a much more sustainable business.
Our scoring assessment will generally be based on the following criteria:
The organiser of Sustainable Business Awards reserves the right to require at any time that any entrants sign a declaration before they start completing the online questionnaire.
Entrants should feel free to mark documents as confidential and exclude any information that is considered to be truly proprietary.
By participating in the awards, entrants agree that the Sustainable Business Awards assumes no liability, and shall have no liability or obligation whatsoever for disclosures of information provided by a competitor as part of a submission or otherwise during the course of the competitions.
Failure to comply with these requirements may result in disqualification at any time in the sole discretion of the Sustainable Business Awards.
The organizer of Sustainable Business Awards holds the final say in all disputes and may at any time require. Guidelines and rules for any or all of the entrants are subject to change at any time within the scope of the Sustainable Business Awards mission.
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