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Brands are increasingly held responsible for their suppliers’ social and environmental actions. Blockchain can create supply chain transparency.
Sustainable Innovation
Innovation is vital for a company’s survival and growth. Firms that don’t innovate fall behind their competitors and ultimately go out of business.
However, traditional forms of innovation may be harmful for employees or over-exploit natural resources. “Sustainable innovation” aims to address those unintended social and environmental impacts. It involves changing a company’s products, services or processes to produce long-term social and environmental benefits while creating economic profits for the firm.
That approach can produce real benefits for businesses. For example, research shows that companies that consider stakeholders produce more patents and also more impactful patents.
NBS can guide you on the sustainable innovation journey. We have a host of resources, from case studies and examples to step-by-step guides.
And, check out our partner organization, led by NBS Founder Tima Bansal: Innovation North.
Filter Our Resources
The Latest of Sustainable Innovation
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Technology such as blockchain can make the mining industry more sustainable, but supplier engagement is still crucial. The cobalt supply chain provides lessons.
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By building sustainability into innovation, companies can create products, services, and processes that are good for both society and the organization.
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“The future we imagine is the future we create,” says futurist Stuart Candy. Here’s how to imagine – and shape – a better world.
Partner with NBS to grow our resources on this topic.
The Basics of Sustainable Innovation
Systems Thinking – The New Approach for Sustainable and Profitable Businesses
Ju Young Lee
| January 24, 2023
Traditional, linear business thinking won’t solve social and environmental issues. Executives need systems thinking.
What is Sustainable Innovation?
Ju Young Lee
| October 19, 2021
By building sustainability into innovation, companies can create products, services, and processes that are good for both society and the organization.