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The Mini Cases 5 Companies, 5 Strategies, 5 Transformations

They assess their sustainability strategies as they

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Unformatted text preview: artnerships and alliances with critical influencer groups (such as regulators, NGOs, experts, communities, and other companies) so that they can learn about and jointly develop innovative solutions. Mining firm Rio Tinto, for example, leads an industrywide initiative in sustainable development and has ties to the International Council on Mining and Metals. (See the Mini-Case on page 26, “Rio Tinto: Mining the Social Dimensions of Its Vast Operations.”) They create a robust business case for sustainability. In developing the financial case for sustainability, first-class companies speak the language of business: value creation. They assess their sustainability strategies as they would any investment, systematically evaluating each value-creation lever—including the intangibles, which are more difficult to model. These companies also make effective trade-offs between short-term expectations and longer-term impact, bringing the same long-term mind-set to sustainability investment decisions as they do to other routine long-term bets. They take into account in all external factors and system effects when analyzing the business case for sustainability, assessing the full set of costs and benefit...
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  • Spring '14
  • Business, MIT Sloan School of Management, Massachusetts Institute of Technology, MIT Sloan Management Review, sustainability initiative, 01_BOSS_Sustainability Report_1-16.indd Sec2

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