Embedding Sustainability into Strategic Planning, Budgeting and Forecasting
Discover how to create long term value by developing an integrated strategic planning process
BACKGROUND
The need for sustainable strategic planning, budgeting and forecasting
Social and environmental issues such as climate change, resource scarcity and changing social trends are presenting ever greater challenges for businesses. No organization can afford to ignore them.
To become better prepared for the challenges ahead, companies must integrate social and environmental issues into the heart of the strategic planning process.
Developing an integrated approach
Finance teams already play a critical role in planning and budgeting, so are well placed to help embed sustainability into these processes effectively.
You can help to promote and implement sustainable strategic planning by:
- developing a business case
- analysing data
- strengthening data processes and controls
- monitoring performance
To make this shift in your organization, you don’t need to design completely new processes. By understanding the issues, risks and opportunities, you can make your existing strategic planning process more sustainable and your organization more resilient.
What next
Our Essential Guide to Strategic Planning, Budgeting and Forecasting provides clear guidance and tools for building social and environmental factors into these processes.
The guide introduces specific approaches, such as shadow pricing, and how you can use them in your organization. Practical examples are given throughout, showing you what real companies have done and how they did it.
You can download our maturity map separately to see where you are now, where you’d like to be and how you can bridge the gap.
