Best Practice Tools & Techniques

We have over a 1000 descriptions of best practice strategies, tools & techniques linked to case studies showing how organisations have applied them. Read the examples below and join the BPIR for full access.

Precautionary Principle

The Precautionary Principle (PP) is a principle that guides proponents in strategic planning within a sustainability context. In 1998 32 scientists, policymakers and activists defined the PP as;
1. People have a duty to take anticipatory action to prevent harm;
2. The burden of proof of harmlessness of..

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Flexible Platforms

Flexible Platforms are a term used to assist companies to implement The Natural Step (TNS) framework towards sustainable development. Companies cannot expect to achieve long-term goals immediately and are encouraged to systematically make investments that will yield a good..

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Backcasting

Backcasting was developed in the 1980's by Amory Lovins to provide an alternative to the traditional approach to problem solving within a sustainability context. Instead of looking at the existing situation and tinkering, the backcasting method..

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Dow Jones Sustainable Index (DJSI)

The Dow Jones Sustainability Indexes aim to meet the financial market's demands for rational, consistent, and investable indexes to benchmark the performance of investments in sustainability companies and funds. A defined set of criteria and weightings is used to assess the opportunities and risks deriving from economic, environmental, and social developments for the eligible companies. A questionnaire is completed by companies participating..

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Social Audit

The monitoring, verification and then improvement of an organisation's social, ethical and environmental performance. The social audit contributes to an organisation's efficiency and effectiveness in achieving its social and ethical goals and values in the..

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The Natural Step (TNS) Principles

The Natural Step (TNS) is a Swedish environmental education organisation that is committed to creating operational strategies with business leaders that affect both environmental and economic issues. TNS was created in 1989 by Karl-Henrik Robert who was concerned by the sustainability debate's tendency to focus on environmental symptoms rather than addressing causes. He defined principles based upon the law of nature that would provide a framework to understand and model sustainability. Principles are;
1) Substances from the Earth's crust must not systematically increase in nature.
2)..

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Global Reporting Initiative (GRI) Sustainability Reporting Guidelines

The Global Reporting Initiative's aim was to provide a forum with multi-stakeholders to develop international guidelines for reporting on economic, environmental, and social performance for corporations, governments and non-governmental organisations with the primary goal of capturing a consensus on reporting practices. It was also to provide a point of reference against which reporting organisations and report users could..

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Sustainable Development (Sustainability)

In the business context Sustainable Development (SD) refers to the broad concept of businesses making decisions that enable them to integrate social equity and environmental management with traditional goals of long term economic growth and shareholder wealth which benefit not only themselves but also the community and the..

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Business process outsourcing (BPO) - (Finance and Accounting Outsourcing (FAO))

Business process outsourcing (BPO) includes outsourcing functions such as human resources, finance and accounting, contact centre services etc. BPO can enable organisations..

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Qualitative Risk Based Inspection (RBI) Matrix

A Qualitative Risk Based Inspection (RBI) Matrix commonly comprises a 5x5 risk matrix creating 25 possible categories of risk. The probability of failure is charted on the Y-axis and the consequence of failure is charted on the X-axis. The 25 possible categories..

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Risk Based Inspection (RBI) - [Risk Based Asset Management (RBAM), Risk Based Integrity Management (RBIM)]

Risk Based Inspection (RBI) is a risk-based approach to inspection which analyses the likelihood, and the consequences of failure.
Under a Risk-Based Inspection (RBI) regime two important factors i.e., (1) the probability of failure, and (2) the consequence of failure, are used to determine risk rankings for system and components under consideration. It is used to prioritise inspection requirements for major oil refineries/chemical installations..

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Supply Chain Financing

The availability/cost of capital may be optimised using various supply chain finance strategies along with the utilisation of supply chain information, cost analysis, and cost management. Supply chain finance solutions may involve financial institutions, third-party vendors, the enterprise itself, and technology platforms..

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