Sustainability as a part of Contracts - why it works
In the UK, the Joint Contracts Tribunal is meeting to discuss the possibility of integrating Sustainability performance indicators and thresholds as a part of contracts for the construction industry.
Contractual obligations are the foundation of capitalism. When there is a question about whether conditions of satisfaction were met, all the stakeholders turn to the contract. Anything outside of the contractual framework is out of scope; and if it is a positive benefit, it is merely viewed as "icing on the cake."
The inclusion of sustainability concerns in the contracts of major sectors is a big advance. This is representative of the paradigm shift that is taking hold in Europe. The US is a little bit behind, but I am confident that we'll gain momentum. L2ideas can help.
Labels: business, sustainability
