What Can Businesses do for Sustainability Around the End of Financial Year?
It is that time of the year again — that’s right; it’s tax time.
This can be an incredibly busy time of year for many businesses.
What should your business do around the end of financial year for sustainability?
This is a great time to reflect on the impact of your sustainability commitments on the local and global economy, society and environment. It is important to take your business’ financial success into account when assessing your impact of your sustainability commitments.
The end of financial year is when your business looks at your financial success, especially over the last 12 months. This means you can look at what your business’ contributions to charity might be for the financial year, keeping in mind the economic sustainability of your business.
The end of financial year can be an ideal time to set targets for sustainability for the next 12 months and review your longer-term plans. It is important these plans align with your financial plans to ensure earning a profit is prioritised for your own business’ sustainability.
If your business publishes an annual report for the end of financial year, this would be a fantastic opportunity to combine some of your sustainability practices.
If your business needs some guidance on what you should be looking towards for your sustainability commitments, contact us today! And from the team at Strategic Sustainability Consultants, Happy EOFY!