Sustainability lies at the heart of our business proposition, and you can find out more about Travers Smith’s sustainable business objectives here. We know that sustainability is also high on the agenda for many of our clients, for whom this topic has been a board-level conversation for many years. Whilst the focus on sustainability may have been deflected by the immediacy of the COVID 19 crisis, it will remain a key imperative for the business community in the months and years to come.
As businesses react to the new normal, they may review their approach to the sustainability agenda. Some will consider how their business model can be adapted and may already be thinking innovatively about how they can contribute to the Build Back Better campaign.
Many will continue to focus on the triple "P", profit, people and planet, as stakeholder capitalism comes to the fore. Increasingly, businesses will be judged by the court of public opinion, not merely by their compliance with minimum legal standards, but also by the extent to which they embrace a wider (albeit unwritten) societal contract. Reputation in this area will have growing importance.
As you navigate through these issues in the coming months and years, our specialists are here to help you. For further information or advice on any of the sustainability issues discussed on this site, please do contact me, any member of our Sustainable Business team, or your usual Travers Smith contact.
Kathleen Russ - Senior Partner