Net Positive: A new way of doing business
Net Positive: A new way of doing business, by Forum for the Future, The Climate Group and WWF-UK, is a report which captures the principles of what it means to take a Net Positive approach.
A Net Positive approach happens when businesses demonstrate positive environmental or societal impacts in key areas of their operations. This adds further benefits, including competitive advantage, supply security and the space to innovate products and services through moving the organization into a leadership space.
So, authors explain that a strong sustainability strategy helps businesses in many ways; enhanced reputation, increased sales, cost reduction and engaged staff. The benefits of a Net Positive approach are already being felt by businesses, including BT, Capgemini, Coca-Cola Enterprises, The Crown Estate, IKEA Group, Kingfisher and SKF.
The 12 principles of ‘Net Positive’ are: The organization aims to make a positive impact in its key material areas; The positive impact is clearly demonstrable if not measurable; the organization also shows best practice in corporate responsibility and sustainability across the spectrum of social, environmental and economic impact areas; The organization invests in innovation in products and services; A Net Positive impact often requires a big shift in approach and outcomes; Reporting on progress is transparent, consistent, authentic and independently verified where possible; Net Positive is delivered in a robust way; Organizations enter into wider partnerships and networks; Every opportunity is used to deliver positive impacts across value chains, sectors, systems, and throughput to the natural world and society; Organizations publicly engage in influencing policy for positive change; Where key material areas are ecological, robust environmentally restorative and socially inclusive methods are applied; An inclusive approach is adopted at every opportunity, ensuring affected communities are involved in the process of creating positive social and/or environmental impacts.