SUSTAINABILITY IS THE BALANCE BETWEEN
THE ENVIRONMENT, EQUITY, AND ECONOMY
Sustainability means meeting our own needs without compromising the ability of future generations to meet their own needs.
In addition to natural resources, we also need social and economic resources. Sustainability is not just environmentalism. Embedded in most definitions of sustainability we also find concerns for social equity and economic development.
Where does the term come from?
While the concept of sustainability is a relatively new idea, the movement as a whole has roots in social justice, conservationism, internationalism and other past movements with rich histories.
By the end of the twentieth century, many of these ideas had come together in the call for ‘sustainable development”.
Sustainability means meeting our own needs without compromising the ability of future generations to meet their own needs.
In addition to natural resources, we also need social and economic resources. Sustainability is not just environmentalism. Embedded in most definitions of sustainability we also find concerns for social equity and economic development.
Where does the term come from?
While the concept of sustainability is a relatively new idea, the movement as a whole has roots in social justice, conservationism, internationalism and other past movements with rich histories.
By the end of the twentieth century, many of these ideas had come together in the call for ‘sustainable development”.
What is Environmental, Social, and Governance (ESG)?
ESG is an acronym for Environmental, Social, and Governance. ESG takes the holistic view that sustainability extends beyond just environmental issues.
Environmental
Environmental criteria refer to an organization’s environmental impact(s) and risk management practices. These include direct and indirect greenhouse gas emissions, stewardship over natural resources, and the firm’s overall resiliency against physical climate risks (like climate change, flooding, and fires).
Social
The social pillar refers to an organization’s relationships with its stakeholders. Examples of factors that a firm may be measured against include Human Capital Management metrics (like fair wages and employee engagement metrics) but also an organization’s impact on the communities in which it operates and on supply chain partners, particularly those in developing economies where environmental and labor standards may be less robust.
Governance
Governance refers to how a company is led and managed. ESG analysts will seek to better understand how leadership’s incentives are aligned to stakeholder expectations, how shareholder rights are viewed, and what types of internal controls exist to promote transparency and accountability by leadership.
Environmental
Environmental criteria refer to an organization’s environmental impact(s) and risk management practices. These include direct and indirect greenhouse gas emissions, stewardship over natural resources, and the firm’s overall resiliency against physical climate risks (like climate change, flooding, and fires).
Social
The social pillar refers to an organization’s relationships with its stakeholders. Examples of factors that a firm may be measured against include Human Capital Management metrics (like fair wages and employee engagement metrics) but also an organization’s impact on the communities in which it operates and on supply chain partners, particularly those in developing economies where environmental and labor standards may be less robust.
Governance
Governance refers to how a company is led and managed. ESG analysts will seek to better understand how leadership’s incentives are aligned to stakeholder expectations, how shareholder rights are viewed, and what types of internal controls exist to promote transparency and accountability by leadership.
OLI SUSTAINABILITY EFFORTS
Sustainable corporate strategies are critical to remain relevant and competitive in today’s world.
OLI is already investing and developing new corporate strategies focusing on the following Sustainable Development Goals (2030 UN Agenda)
3.Good health and well-being
Ensure healthy lives and promote well-being for all at all ages
What we do:
Welfare policies;
Supplementary health insurance;
Safety certification procedures started according to UNI ISO 45001: 2018 – Management systems for health and safety at work
7. Affordable and clean energy
Ensure access to affordable, reliable, sustainable and modern energy for all
What we do:
Production of clean energy with solar panels;
Energy efficiency of the headquarters;
Charging columns for electric vehicles.
8. Decent work and economic growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
What we do:
Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors
9.Industry, innovation and infrastructure
Build resilient infrastructure, promote inclusive and sustainable industrialization and faster innovation
What we do:
Investments in sustainable infrastructure and in technological research;
Increase resource-use efficiency and adoption of environmentally sound technologies;
Develop of the company structure to become sustainable and resilient.
12. Responsible consumption and production
Ensure sustainable consumption and production patterns
What we do:
Environmental certification procedures started up according to UNI EN ISO 14001: 2015 – Environmental management systems