I enjoyed a recent post over on the HBR Blogs on “Ford’s Impressive Sustainability Strategy” that noted that a real sustainability effort requires both a short term and a long term sustainability challenge.
As the article notes, if we are running out of resources at less than 7 Billion people, imagine the situation when we get to 9 Billion people in less than 40 years. Sustainability can no longer be a fad, it must be a way of doing business. And it’s not going to be obtained with short-term quick fixes. And even if you eliminate 90% of waste from the production process, that still leaves one tenth the waste to be eliminated and, most importantly, the process is probably still using too much energy and water, which are becoming increasingly scarce resources.
Plus, market saturation is not always sustainable. Sometimes the right level of market penetration is less, not more, and sometimes users should pay a premium for the privilege of the product, or a penalty for overusing a product or service.
And, most importantly, sustainability is more than strategy. As the post points out, it’s execution.