Why corporate stewardship makes good business sense
The concept of ‘stewardship' is well known within the corporate sustainability field, thanks to the work of organisations like the Forest Stewardship Council (FSC) and the Marine Stewardship Council (MSC). However, far too few businesses think about their own sustainability strategies in this way - something we at WWF hope to address by encouraging more of them to act as ‘corporatestewards'.
There are three elements to the approach we advocate. First, businesses must recognise that sourcing natural resources presents risk and opportunity, in terms of supply chain resilience and reputation. Businesses must then manage this risk by changing supply chains and working in collaboration with other users of the resource. Finally, they need to advocate for better policy and implementation governing the management of the resource, in order to deliver long-termsolutions.