Strategies and Tools for Improving the Sustainability Performance of Organizations.

Various studies in the recent years have shown that for a sustainable future of the planet, the ecosystem, and the resources, companies have to incorporate increased levels of renewable and cleaner energy sources into their operations. It is important to recognize that even though measuring the environmental impacts of products, processes, and services is a critical element for the sustainability initiatives, that measurement knowledge is just the beginning of an enterprise's sustainability journey.

It is interesting and also a complex process at the same time to find out ways to link sustainability efforts with business objectives. There are multiple options to be explored where the maximum impacts can be observed within shorter time spans and at lower cost expenditures. Under the current scenario, policies undertaken by various governments and legal bodies have the significant influence over the ESG matters.

Over the years, organizations have amassed a variety of metadata related to environment and sustainability, and ways of deploying them into actionable outcomes can be improved by collaborating with organizations and people who share similar values and passion. We can all hope that, with the development of newer technologies such as carbon upcycling and a significant reduction in Green Premium, we may be able to move towards carbon negative in the future and therefore shall aim and prepare for that long-term goal.

Optimization is one good tool to analyize the various options which are available for companies based on their strategic and sustainability objectives. Based on the objective functions and the input parameters, optimization techniques can generate Pareto Optimal solutions for the company to choose from. Multi-Objective Optimization is particularly suitable for this purpose.