Corporate Sustainability

Evolution of Corporate Sustainability

How Innovation in Infrastructure Can Help Advance the Sustainable Development Goals

In an article in Forbes on May 30, 2017, Tam Nguyen, global head of sustainability at Bechtel Corporation, describes how corporate sustainability is evolving with new technologies and innovation. Tam Nguyen leads and implements the corporate sustainability strategy throughout the company and their projects in 160 countries. As Vice-chair of USCIB’s Corporate Responsibility and Labor Affairs Committee, he works with member companies to communicate U.S. business action, manage risks arising from new regulatory and civil society expectations and channel USCIB member feedback into policy deliberations and standard-setting processes at international organizations. Nguyen also serves as a co-Chair of USCIB’s Working Group on the Sustainable Development Goals (SDGs).

In the interview, Nguyen indicates that technology and innovation can help corporate sustainability and companies use data and analysis to communicate actionable insights throughout their complex organizations. Such metrics will help advance the Sustainable Development Goals (SDGs) which can be achieved by management systems and actions that companies take to become more sustainable in their operations and initiatives. By incorporating technology and innovation, companies are already implementing new practices and programs to advance the SDGs -- especially Goal 9 – Build Infrastructure, Foster Innovation. Nguyen notes that Bechtel relies on innovation to help achieve Goal 7 – Ensure Energy for All; Goal 8 – Promote Economic Growth & Decent Work; and Goal 12 – Ensure Sustainable Consumption & Production.

According to Nguyen, “sustainability is one of the biggest drivers of innovation today and into the future.” He goes on to express the significance of market and the public increasingly valuing and seeking out information on corporate sustainability performance. For Nguyen, technology and innovation help businesses function more efficiently across many sectors through sustainable methods, which will in turn help improve company reputation to customers and stakeholders. Sustainability challenges and business imperatives are opportunities for companies to align sustainability to risk management in a comprehensive way which will then help their bottom line and help business to achieve the SDGs.

Read the full interview with Tam Nguyen here.