The Higher Standard 2025 Strategy focuses on achieving best-in-class operational, financial, and sustainability performance while amplifying employee engagement and development during the 2020-2025 strategic period.
This strategy, launched in 2019, represents a comprehensive approach to improving various facets of the organization. The key elements of the Higher Standard 2025 Strategy can be broken down as follows:
- Best-in-Class Operational Performance: This involves optimizing processes, improving efficiency, and leveraging technology to enhance overall operational effectiveness. Examples include streamlining workflows, reducing waste, and implementing automation solutions.
- Best-in-Class Financial Performance: A key objective is to improve profitability, increase revenue, and manage costs effectively. This can be achieved through strategic investments, improved pricing strategies, and disciplined financial management.
- Best-in-Class Sustainability Performance: This component centers around reducing the environmental impact of the organization's operations. This includes initiatives such as reducing carbon emissions, conserving resources, and promoting responsible waste management.
- Amplifying Employee Engagement and Development: Recognizing the importance of human capital, the strategy emphasizes creating a positive and supportive work environment where employees feel valued, engaged, and have opportunities for professional growth. This could include training programs, career development opportunities, and initiatives to improve employee morale.
In summary, the Higher Standard 2025 Strategy is a multi-faceted plan designed to drive significant improvements across operational, financial, sustainability, and human capital aspects of the organization, ultimately aiming for industry leadership and a high-performing, engaged workforce.
