This business plan will help the company to understand andperform the sustainability procedure better toward a long-life sustainable (inthe sense of environmentally and socially responsible) business.
According tothe table 1 in appendix actions have been divided to 3 sections (Entrepreneurship,Design and policy). For each section there should be corresponding groups andresources. All these actions are individual projects toward a jointly outcomeso, the result and progress of each will have effect on the whole process.Action Plan · Integratingsustainability criteria into annual plans for operational departments andreview on a regular basis throughout the year· Fuel efficiency standards applying to vehicles and equipment · Setting the goal of seeking the highest level of environmentalefficiency in all projects · Develop a zero-accident policy and programme in all activitiesfor employees· Develop and implement climate change adaptation policies · Strengthen the Company’s Social Action Plan by raising Socialcontribution· Consolidate and update the environmental, social and governancerisk maps every yearPolicy· Designinga maintenance procedure timeline to ensure that all the equipments are wellmaintained and replaced on a regular basis.
· Designing Energy efficiency measures to reduce energyconsumption.· Designing a procedure for mapping environmental, social and othernon-financial risks. · Proposingthe new “reduce by reusing “project to recycle all the asphalt and concretemisused and rubbished in all the projects.
Design· Building long-termloyalty and trust among clients based on the Company’s focus on Sustainability.· Collaborationwith third parties to develop innovative technologies and methods that ensurethe sustainability of the new business plan (By developing a network fordetecting start-ups and entrepreneurs and Establishingspecific talent detection and retention programme)· Implementing new risk management plans within the new businessstrategy · Aimsto provide social and environmental values through the development of thebusiness model by making Environmental assessment compulsory in all projectsand Implementing Social Impact Management (SIM)methodology within the new business strategy o Establishing a sustainabilityforum collaborating local and regional journals for the first time in Iran.o Training employees insustainability knowledge and skills to enable them to work with the Company’snew strategies.o Training sessions for all levelsand positions in the company regarding Risk management, climate change concerns,Social Impact Assessment and new business strategies Establishing new Goals, visions and missions according to sustainability approach for the core business plan Establishing a comprehensive Training Program including:EntrepreneurshipAny innovation-driven sustainability processneeds to identify certain actions and suggestions for each particular lever ofinnovation.Innovation LeversMeasurable opportunities are available for construction companies likeFarashar that are willing to add sustainability to their core business principlesas the demand for environmentally friendly construction projects both in designand implementing contracts, is exploding.
This Growing demand can bring thecompany an opportunity to generate additional revenue streams if sustainable,green construction is one of their capabilities. Another potential to beaddressed here is that, this opportunity is not limited to new projects only.In fact, the Ideal situation is to also offer remodeling and retrofitting toother existing projects. On the other hand,Sustainability canbring significant reputational, operational and financial risks to thecompanies due to Significant gaps in policies and procedures. Also, sustainable,green and environmental friendly project needs bigger construction budgets andmay impact return on the investment although it can provide significantbenefits in many aspects over the life of the project. Opportunities and Risks of Contributing This section outlines the proposed brief for thesustainability plan concerning the company’s operations and activities.
In this proposal 4 objectiveshave been defined for contributing with Sustainable Development Goals (SDGs)for their Sustainability Master Plan. One as main goal and others for differentmeasures of contributing based on the vision they have to be the mostcompetitive and influencing construction company in Iran by the mission ofengaging employees and partners toward a jointly sustainable development. TargetFarashar Asia, founded in 1995 is one of the largest andmost experienced full-service consulting companies with the experience in construction of railroad infrastructure and highwaydesign in Iran.
It has also participatedin the construction of subway and tramway systems in Iran and the region andhas a long track record in underground works, where it stands out for itsgeotechnics research. This company serves Iran and neighbour areasthrough two regional offices innorthern and southern part of Iran with over 190 employees. In 1998 thiscompany joined “PARS GOSTAR” Company one of the biggest contractors in Iranwith complete and sufficient different types of machines, equipment andfacilities to execute all different types of civil projects.
This way the jointcompanies have been able to do their projects from A-Z (mostly through DBcontracts).Introducing the Company