Sustainability & Environment
Sustainable development is development that meets the needs of the present without compromising the needs of future generations to meet their own needs: Brundtland (1987). This requires Organizations to adopt triple bottom line thinking: Environmental, Social and Economic.
Historically, companies have viewed sustainability and the environment as a line item in the Operational Excellence (OPEX) budget and focused on production and profit. Companies now acknowledge that it is not only an oil spill or incident that can have a major impact on profit, share price and reputation.
Potential impacts of getting it wrong…
A number of emerging trends require companies to increase attention:
- International Finance for new developments and expansion projects require Environment and Social Impact Assessments (ESIA) to World Bank (International Finance Corporation, IFC) Standards, Equator Principles and international banking standards. These are typically more strenuous than domestic impact assessment standards. Failure to address these matters can significantly delay access to capital funding.
- Acquirers of companies and assets increasingly require detailed EHS due diligence studies to be undertaken to assess EHS liabilities and potential risks. Typical issues are legal non-compliance, soil and groundwater contamination or a requirement for major pollution control upgrades.
- Contaminated site regulations and their implementation are gaining momentum, increasing the focus on soil and groundwater contamination. Many industrial sites have a longstanding legacy of contamination, which can be extremely expensive to address.
- Customers are increasingly focusing on their entire supply chain, with movement to undertake audits of their suppliers’ environmental and social management practices. Such audits reveal environmental management concerns, that can result in suspension/termination of contracts until issues are effectively managed.
At PROCYON, we believe that sustainability and protecting the environment is crucial for our health and well-being, now and into the future. We recognize that proactive sustainability/environmental management is a pre-requisite to business success, not simply an expense or line item on the balance sheet. We provide cost efficient solutions thatminimize environmental risks and liabilities, contributing positively to profitability and the long-term sustainability of the company.
Typical support activities include:
Environment and Social Impact Assessment to IFC and other international standards
Review of existing EIAs against recognised standards
EIA, EMP and Action Plans to national standards
Pre-Acquisition and divestiture EHS due diligence audits and post-acquisition integration
Contaminated site assessment, management and remediation
Supply chain audits and management plans
Sustainable Development Goal (SDG) strategies and action plans
World Bank Council for Sustainable Development (WBCSD) SDG Roadmap assessments and action plans
Sustainability strategies and implementation
Stakeholder Mapping and Materiality Assessments
Sustainability reporting (GRI G4) and verification
Environment and integrated EHS Management Systems development, implementation and audit
Industrial Pollution Control
Waste management planning
Our Sustainability and Environment Training Solutions
For further details of Procyon Group Training Courses refer to www.procyon-group.com