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: strategic one for realising the vision, objectives, goals and targets of a company.”
Despite the challenges, the future of CSOs seems bright and they should rank sooner than later along side chief financial officers, chief marketing officers and chief energy officer. The reasons are obvious. The environment, particularly climate change, is going to be on top of the global agenda for years. Today rich countries have the obligation to cut down on greenhouse gas emissions. Tomorrow it may be the turn of advanced emerging countries or multinational businesses.
Saying that the past twenty years have seen a radical change in the relationship between business and society, Annapurna Vancheswaran says that the growing evidence of climate change and its associated risks to businesses are rapidly making sustainable development and good practices a business imperative. Considering the significant impact businesses have on society, she adds, they are becoming more vulnerable to being challenged vis-a-vis their business practices and environmental footprint by NGOs and the communities they operate in. So, it makes business sense to be environmentally correct and have a pointsperson at the senior most level for effective action. “The role of a chief sustainability officer is becoming vital because sustainable development is now a business imperative,” she says....
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