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Kogod School of Business
Over the last decade, companies have sharpened their focus on sustainability. On top of finding ways to reduce the carbon footprint of day-to-day operations, small businesses and large corporations alike have found new, innovative, and more sustainable ways to source goods, work with suppliers, and reduce waste along the way.
Increasingly, implementing a bona fide sustainability strategy that goes beyond “flowery talk” or a well-written mission statement, as one executive put it, is a top priority from the boardroom to the customer.
Even in the face of inflation, a majority of consumers in a 2024 study from Pricewaterhouse Coopers LLP reported they’d be willing to pay more—nearly 10 percent more, in some cases—for goods sourced by sustainable methods.
Together, it’s crystallized the notion that business can be a force for change in the world—something that’s critical amid growing concern about the far-reaching effects of climate change.
But for companies just taking the first step toward sustainability goals, where do they begin?
Certainly, there are practical steps that offer an on-ramp, from transitioning to paperless communications, implementing companywide bans on single-use plastics, and offering carpooling incentives for employees commuting to the office via fossil fuel-burning vehicles.
But a true sustainability strategy also requires a long-term, philosophical vision. Here are three tactics you can begin implementing tomorrow to combat climate change:
Consider adopting a circular business model
Adopting a circular business model is one of the most lasting sustainability strategies a company can embed into its ethos.
This involves designing business processes that inherently minimize waste and reduce carbon footprint, using excess material created during the production process to jumpstart the creation of more products.
A circular business model essentially uses today’s waste as tomorrow’s fuel.
Sustainable sourcing
Companies should seek to adopt renewable energy sources and sustainably sourced products throughout their supply chain.
While this decision often involves significant upfront costs, it carries a host of long-term moral, reputational, and, ultimately, cost advantages.
Sustainable sourcing includes not just the use of clean energy sources but also the choice to work with suppliers that use environmentally-friendly tactics themselves and cultivate materials through responsible labor practices.
Promote a sustainability culture
Finally, large companies can use their buying power to influence practices throughout their industry, opting to work only with partners that share their sustainability vision.
This can inspire other companies to make similar changes.
"A warming climate has made sustainability the new business imperative,” said Garima Sharma, professor at the American University’s Kogod School of Business.
Companies that are at the cutting edge of sustainable practices—like circular business models and decarbonization in supply chains—are not just responding to the probable future but actively creating a desirable one."

Garima Sharma
Professor of Management, Kogod School of Business
Preparing the next generation of sustainability-minded professionals
Kogod is on the front lines of preparing the next generation of business leaders for a world in which managing for climate change—and finding new and innovative sustainability solutions—will be critical to long-term success.
On top of being situated on an AASHE-certified green campus that’s itself an arboretum, the school boasts a Master’s in Sustainability Management program that’s one of few of its kind housed inside a business school.
The graduate curriculum focuses on the mechanics of sustainable business while empowering students to maximize their impact through cutting-edge courses and experiential learning opportunities.
In preparing students to manage around climate change, the program offers three career tracks—business, environment, and policy—and an overall competitive edge in a field that’s likely to be increasingly prevalent in the coming decades.
As part of the program, students undertake live projects with sustainability stakeholders in the US and abroad. Graduates can come away with a comfort solving critical problems, reporting sustainability metrics, learning the basics of ESG investing, not to mention an understanding of what it takes to be a sustainability-minded entrepreneur.