Cultivating Triple Impact: The vital imperative for sustainable business growth

In today’s business landscape, it’s no longer enough for companies to solely chase profits; they must also generate a triple impact encompassing economic, social, and environmental dimensions to ensure their survival.

This imperative extends beyond mere philanthropy or social responsibility initiatives. Surprisingly, in Latin America, 30% of companies still lack a sustainability strategy or Environmental, Social, and Governance (ESG) criteria.

While Latin America may not yet experience the same consumer pressure as Europe and the United States to embrace green products, global trends show that consumers are willing to pay more for eco-friendly alternatives. Additionally, companies with robust sustainability strategies have reduced production costs significantly by optimizing resource use.

In his column at NTN24, Alexis L. Leroy, ALLCOT’s Founder & CEO highlights the importance of integrating triple impact (economic, social, and environmental) into a company’s strategy, emphasizing that only organizations committed to this holistic approach can thrive and contribute to building a sustainable world for current and future generations.